Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h −0.053%

Price spread now: Hotstuff against BloFin−0.047%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.047% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	65.350	0.0255	pay 0.0127% / 4h	1h 26m	$2.6M	$611K	100x
Short	Hotstuff SILVER-PERP	65.319	0.0096	get 0.0012% / 1h	26m 26s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$33.3
Price spread: −0.047% → 0.000%: −$4.74
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$55.04
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	2.30 bp	8.3 bp −$8	8.3 bp −$83	12.5 bp −$1,253	17.8 bp −$8,911
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
Hibachi XAG/USDT-P	−0.0176%	1h	65.292	−0.088%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0088%	1h	65.260	−0.138%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.084%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.410	+0.092%	$27.8M	$40.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.380	+0.046%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.390	+0.061%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.380	+0.046%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.320	−0.047%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.400	+0.077%	$141.1M	$182.4M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.386	+0.055%	$4.6M	$9.8M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.324	−0.041%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.607%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.353	+0.004%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	+0.015%	$786K	$2.9M	40x	as long as short
Variational Omni XAG	+0.0043%	4h	65.344	−0.010%	$5.5M	$9.4M	—	as long as short
Vest SI-PERP	+0.0046%	1h	65.807	+0.699%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.380	+0.046%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.338	−0.018%	$170.3M	$83.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.366	+0.024%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.292	−0.089%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.370	+0.031%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.384	+0.051%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.313	−0.057%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0062%	4h	65.390	+0.061%	$116.0M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0062%	4h	65.370	+0.031%	$191.0M	$763.6M	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.351	+0.001%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.320	−0.046%	$487K	$30.8M	8.1x	as long as short
edgeX XAGUSDC	+0.0082%	4h	65.326	−0.037%	$665K	$312K	30x	as long as short
Hotstuff SILVER-PERPshort	+0.0096%	1h	65.319	−0.047%	$35K	$21K	20x
Pacifica XAG	+0.0100%	1h	65.327	−0.036%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.360	+0.015%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.290	−0.092%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0114%	4h	65.360	+0.015%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.046%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0130%	1h	65.348	−0.004%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.393	+0.066%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDT	+0.0176%	4h	65.410	+0.092%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0178%	1h	65.369	+0.030%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0184%	8h	65.400	+0.077%	$28.0M	$70.7M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	−0.031%	$65K	$378K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.336	−0.022%	$79K	$37K	10x	as long as short
BloFin XAG-USDTlong	+0.0255%	4h	65.350	long leg	$2.6M	$611K	100x
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.365	+0.023%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.332	−0.028%	$915K	$746K	25x	as long as short