XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0370%/8h= −40.5% APRnext payment −$0.46 per $10,000 · paid last 24h −0.099%

Price spread now: Hotstuff against Deribit−0.084%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 −$11 a day on $10k at the current rate, and Hotstuff is 0.084% cheaper against Deribit than usual: you would sell low and buy high (−$8 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	Deribit SILVER_USDC-PERPETUAL	65.390	0.0362	pay 0.0045% / 1h	15m 11s	$65K	$381K	20x
Short	Hotstuff SILVER-PERP	65.335	−0.0008	pay 0.0001% / 1h	15m 11s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Deribit. 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 DeribitbpFee HotstuffbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$77.72
Price spread: −0.084% → 0.000%: −$8.41
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$98.13
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 28 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 Deribit live order book, 28 min ago	0.76 bp	8.8 bp −$9	9.2 bp −$92	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
Ondo Perps XAG-USD.P	−0.0078%	1h	65.260	−0.199%	$5.6M	$9.7M	25x	as long as short
Hibachi XAG/USDT-P	−0.0048%	1h	65.320	−0.107%	$20K	$19K	10x	as long as short
Hotstuff SILVER-PERPshort	−0.0008%	1h	65.335	−0.084%	$35K	$21K	20x
dYdX XAG-USD	0.0000%	1h	65.306	−0.129%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.420	+0.046%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.400	+0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.410	+0.031%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.318	−0.110%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0026%	4h	65.374	−0.025%	$5.5M	$9.4M	—	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0026%	4h	65.400	+0.015%	$141.1M	$183.7M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.396	+0.009%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.323	−0.103%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.545%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0036%	4h	65.399	+0.014%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.370	−0.031%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.795	+0.619%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.380	−0.015%	$152K	$2.8M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.352	−0.058%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.330	−0.092%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0052%	1h	65.345	−0.069%	$170.4M	$83.6M	25x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	65.390	0.000%	$116.6M	$157.6M	1000x	as long as short
Binance XAGUSDT	+0.0054%	4h	65.400	+0.015%	$191.5M	$764.5M	100x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.359	−0.048%	$29K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0056%	4h	65.371	−0.029%	$665K	$314K	30x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.386	−0.006%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.319	−0.109%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.379	−0.017%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.350	−0.061%	$493K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.312	−0.119%	$469K	$628K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.360	−0.046%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.320	−0.107%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0118%	4h	65.365	−0.038%	$391K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	−0.153%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0137%	1h	65.333	−0.088%	$1.2M	$5.1M	10x	as long as short
Lighter XAG	+0.0152%	1h	65.402	+0.018%	$5.3M	$11.6M	25x	as long as short
Bitget XAGUSDT	+0.0172%	4h	65.420	+0.046%	$23.7M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.420	+0.046%	$28.0M	$71.1M	50x	as long as short
Bullet SILVER-USD	+0.0189%	1h	65.409	+0.029%	$44K	$76K	10x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.340	−0.076%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0216%	4h	65.400	+0.015%	$2.6M	$601K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.385	−0.008%	$93K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0362%	1h	65.390	long leg	$65K	$381K	20x
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.356	−0.052%	$916K	$746K	25x	as long as short