Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.016%

Price spread now: Hotstuff against HTX−0.057%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.057% cheaper against HTX than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.350	0	get 0.0000% / 4h	1h 27m	$1.0M	$1.1M	75x
Short	Hotstuff SILVER-PERP	66.312	0.0048	get 0.0006% / 1h	27m 35s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee HotstuffbpOrdersPrice spread, now −0.057%Rate

Funding earned: $10.08
Price spread: −0.057% → 0.000%: −$5.73
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$12.65
Costs to cover: 0.170%
Break-even: 15.8 days

Slippage unknown: HTX: live order book, 1 min ago; Hotstuff: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 1 min ago	3.77 bp	18.4 bp −$18	22.7 bp −$227	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XAG-USD	0.0000%	1h	66.272	−0.118%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.350	0.000%	$150.3M	$164.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.330	−0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.350	long leg	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.340	−0.015%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.272	−0.117%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.322	−0.043%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.268	−0.123%	$5.2M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.075%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.250	−0.151%	$797K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.767	+0.628%	—	—	25x	as long as short
Hotstuff SILVER-PERPshort	+0.0048%	1h	66.312	−0.057%	$35K	$21K	20x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.298	−0.078%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.252	−0.148%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.230	−0.181%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.330	−0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0064%	24h	66.267	−0.125%	$532K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.278	−0.109%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.294	−0.084%	$166.0M	$74.3M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.285	−0.098%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.290	−0.090%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.260	−0.136%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.280	−0.106%	$2.7M	$887K	100x	as long as short
Paradex XAG-USD-PERP	+0.0135%	8h	66.323	−0.041%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.360	+0.015%	$26.9M	$36.1M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.317	−0.050%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0179%	4h	66.321	−0.043%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.332	−0.027%	$1.3M	$4.5M	20x	as long as short
Lighter XAG	+0.0192%	1h	66.323	−0.041%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.270	−0.121%	$1.9M	$980K	20x	as long as short
MEXC SILVER_USDT	+0.0194%	4h	66.340	−0.015%	$103.3M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.349	−0.002%	$192.3M	$705.9M	100x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.273	−0.116%	$672K	$315K	30x	as long as short
Nado XAG-PERP	+0.0210%	1h	66.270	−0.120%	$1.3M	$6.6M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.340	−0.015%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0235%	1h	66.263	−0.131%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.340	−0.015%	$23.8M	$45.8M	100x	as long as short
BloFin XAG-USDT	+0.0252%	4h	66.320	−0.045%	$2.6M	$553K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.350	0.000%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.270	−0.121%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.352	+0.003%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0349% / S −0.0370%	1h	66.345	−0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.300	−0.075%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.295	−0.083%	$915K	$671K	25x	as long as short