Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+3.2084%/8h= +3513.1% APRpaid last 24h +0.202%

Price spread now: Aster against Hotstuff+0.038%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$963 a day on $10k at the current rate, and Aster is 0.038% dearer against Hotstuff than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	65.769	−3.2000	get 0.4000% / 1h	5m 32s	$39K	$26K	20x
Short	Aster XAGUSDT	65.794	0.0084	get 0.0042% / 4h	1h 05m	$2.7M	$1.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now +0.038%Rate

Funding earned: $6,737.55
Price spread: +0.038% → 0.000%: $3.76
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $6,728.31
Costs to cover: 0.130%
Break-even: 0.0 days

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 1 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	0.76 bp	4.8 bp −$5	5.4 bp −$54	10.7 bp −$1,067	doesn't fit

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
Hotstuff SILVER-PERPlong	−3.2000%	1h	65.769	long leg	$39K	$26K	20x
dYdX XAG-USD	0.0000%	1h	65.705	−0.097%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.800	+0.047%	$137.7M	$207.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.790	+0.032%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.840	+0.108%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.810	+0.062%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.745	−0.036%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.800	+0.048%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.729	−0.060%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.774%	$11K	$240	52x	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	65.730	−0.059%	$791K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.229	+0.699%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.772	+0.005%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.742	−0.041%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.700	−0.105%	$5.7M	$11.2M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.780	+0.017%	$448K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.765	−0.006%	$29K	—	5x	as long as short
Bybit XAGUSDT	+0.0056%	4h	65.810	+0.062%	$30.5M	$48.3M	150x	as long as short
Variational Omni XAG	+0.0064%	4h	65.778	+0.013%	$5.6M	$9.0M	—	as long as short
Aster XAGUSDTshort	+0.0084%	4h	65.794	+0.038%	$2.7M	$1.2M	100x
MEXC SILVER_USDT	+0.0088%	4h	65.790	+0.032%	$116.9M	$166.8M	1000x	as long as short
tradeXYZ xyz:SILVER	+0.0088%	1h	65.753	−0.024%	$176.1M	$92.8M	25x	as long as short
Binance XAGUSDT	+0.0089%	4h	65.780	+0.017%	$191.2M	$864.1M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	65.786	+0.025%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0097%	4h	65.765	−0.007%	$670K	$314K	30x	as long as short
Pacifica XAG	+0.0100%	1h	65.744	−0.037%	$465K	$523K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.770	+0.002%	$25.5M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.720	−0.075%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.620	−0.227%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0105%	24h	65.782	+0.020%	$779K	$39.2M	8.1x	as long as short
GRVT XAG_USDT_Perp	+0.0110%	4h	65.769	+0.001%	$391K	$1.6M	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.800	+0.048%	$1.3M	$5.4M	20x	as long as short
Nado XAG-PERP	+0.0119%	1h	65.774	+0.008%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0122%	1h	65.666	−0.157%	$55K	$14K	25x	as long as short
Lighter XAG	+0.0144%	1h	65.791	+0.034%	$5.3M	$12.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0187%	8h	65.810	+0.062%	$28.0M	$86.3M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0206%	1h	65.780	+0.017%	$77K	$412K	20x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	65.726	−0.065%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0224%	4h	65.810	+0.062%	$23.1M	$53.1M	100x	as long as short
Bullet SILVER-USD	+0.0230%	1h	65.793	+0.036%	$45K	$73K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.748	−0.032%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0279% / S −0.0250%	1h	65.795	+0.040%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0330%	4h	65.770	+0.002%	$2.7M	$783K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0546%	1h	65.775	+0.009%	$1.0M	$947K	25x	as long as short