Funding you earn now, next payment 10:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.071%
Price spread now: Hotstuff against Hibachi+0.246%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 airdropHibachi: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.246% dearer against Hibachi than usual: you sell high and buy low (spread +0.246% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XAG/USDT-P | 65.402 | 0.0248 | pay 0.0031% / 1h | 6m 10s | $21K | $12K | 10x |
| Short | Hotstuff SILVER-PERP | 65.563 | 0.0048 | get 0.0006% / 1h | 6m 10s | $36K | $23K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42
- Price spread: +0.246% → 0.000%
- $24.59
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$31.41
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Hibachi: no order-book sample; 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hibachi and 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | −0.0220% | 1h | 64.602 | −1.223% | $11K | $240 | 52x | as long as short |
| Ondo Perps XAG-USD.P | −0.0002% | 1h | 65.460 | +0.088% | $5.7M | $10.6M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.488 | +0.131% | $12K | $7K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.580 | +0.272% | $139.0M | $201.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.650 | +0.379% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.570 | +0.257% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.650 | +0.379% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.611 | +0.320% | $118K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.645 | +0.372% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.494 | +0.140% | $5.1M | $11.8M | 10x | as long as short |
Show all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 65.400 | −0.003% | $787K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.966 | +0.862% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERPshort | +0.0048% | 1h | 65.563 | +0.246% | $36K | $23K | 20x | |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.518 | +0.177% | $3.8M | $894K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.546 | +0.220% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0058% | 8h | 65.551 | +0.227% | $29K | $166 | 5x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 65.540 | +0.211% | $445K | $1.4M | 20x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0088% | 1h | 65.600 | +0.302% | $1.6M | $1.8M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0097% | 24h | 65.591 | +0.289% | $690K | $38.0M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.519 | +0.178% | $466K | $572K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.530 | +0.195% | $25.3M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.400 | −0.003% | $112K | $19K | 50x | as long as short |
| Variational Omni XAG | +0.0101% | 4h | 65.440 | +0.058% | $5.7M | $9.2M | — | as long as short |
| Phoenix SILVER | +0.0110% | 1h | 65.406 | +0.006% | $55K | $13K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0120% | 1h | 65.531 | +0.197% | $174.4M | $93.3M | 25x | as long as short |
| Aevo XAG-PERP | +0.0128% | 1h | 65.558 | +0.239% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0130% | 4h | 65.550 | +0.226% | $121.3M | $168.3M | 1000x | as long as short |
| Binance XAGUSDT | +0.0131% | 4h | 65.638 | +0.360% | $193.6M | $846.2M | 100x | as long as short |
| Aster XAGUSDT | +0.0134% | 4h | 65.622 | +0.336% | $2.7M | $1.1M | 100x | as long as short |
| edgeX XAGUSDC | +0.0135% | 4h | 65.446 | +0.067% | $667K | $314K | 30x | as long as short |
| Nado XAG-PERP | +0.0174% | 1h | 65.511 | +0.167% | $1.2M | $3.7M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0184% | 4h | 65.455 | +0.080% | $395K | $1.6M | 25x | as long as short |
| Lighter XAG | +0.0200% | 1h | 65.654 | +0.386% | $5.1M | $11.8M | 25x | as long as short |
| RISEx XAG/USDC | +0.0206% | 1h | 65.563 | +0.245% | $1.2M | $4.9M | 20x | as long as short |
| Bybit XAGUSDT | +0.0207% | 4h | 65.580 | +0.272% | $30.6M | $47.0M | 150x | as long as short |
| OKX XAG-USDT-SWAP | +0.0214% | 8h | 65.570 | +0.257% | $28.1M | $83.5M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0216% | 1h | 65.446 | +0.067% | $79K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-Plong | +0.0248% | 1h | 65.402 | long leg | $21K | $12K | 10x | |
| Bitget XAGUSDT | +0.0252% | 4h | 65.590 | +0.287% | $23.2M | $51.3M | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0265% / S −0.0231% | 1h | 65.455 | +0.081% | $93K | — | 111x | as long as short |
| Bullet SILVER-USD | +0.0276% | 1h | 65.573 | +0.261% | $44K | $74K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0361% | 1h | 65.550 | +0.226% | $77K | $411K | 20x | as long as short |
| BloFin XAG-USDT | +0.0370% | 4h | 65.560 | +0.241% | $2.7M | $760K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0773% | 1h | 65.573 | +0.261% | $1.0M | $939K | 25x | as long as short |
Injective XAG/USDC PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
StandX XAG-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Phoenix SILVER
tradeXYZ xyz:SILVER
MEXC SILVER_USDT
Binance XAGUSDT
Aster XAGUSDT
edgeX XAGUSDC
GRVT XAG_USDT_Perp
Lighter XAG
RISEx XAG/USDC
Bybit XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
GMX SILVER/USD [ETH-USDC]
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
BloFin XAG-USDT
Kraken Futures PF_XAGUSD