Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.081%

Price spread now: Bitget against Hotstuff+0.062%46s7-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 Bitget

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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.062% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	66.049	0.0072	pay 0.0009% / 1h	19m 39s	$35K	$21K	20x
Short	Bitget XAGUSDT	66.090	0.0228	get 0.0114% / 4h	3h 19m	$24.0M	$45.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.062%Rate

Funding earned: $32.76
Price spread: +0.062% → 0.000%: $6.21
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: $21.97
Costs to cover: 0.170%
Break-even: 2.3 days

Slippage unknown: Hotstuff: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.76 bp	6.8 bp −$7	8.6 bp −$86	16.7 bp −$1,666	38.2 bp −$19.1K

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	−0.0059%	1h	65.960	−0.135%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.092%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.077%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.120	+0.107%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.100	+0.077%	$1.5M	$320K	100x	as long as short
Gate XAG_USDT	+0.0002%	4h	66.100	+0.077%	$149.9M	$164.0M	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.030	−0.028%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.081	+0.049%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.030	−0.029%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.531%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.080	+0.047%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.512	+0.701%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.058	+0.014%	$166.4M	$74.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.050	+0.002%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.030	−0.029%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.074	+0.038%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.070	+0.032%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERPlong	+0.0072%	1h	66.049	long leg	$35K	$21K	20x
Phoenix SILVER	+0.0073%	1h	65.995	−0.082%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.056	+0.011%	$518K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.094	+0.068%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.035	−0.021%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	+0.002%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.020	−0.044%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.084	+0.053%	$5.2M	$10.8M	25x	as long as short
Bybit XAGUSDT	+0.0115%	4h	66.110	+0.092%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0124%	4h	66.090	+0.062%	$2.7M	$866K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.077	+0.042%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0169%	1h	66.049	0.000%	$1.4M	$5.8M	10x	as long as short
Variational Omni XAG	+0.0171%	4h	66.073	+0.037%	$5.7M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.090	+0.062%	$114.9M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0180%	4h	66.090	+0.062%	$190.9M	$701.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0188%	1h	66.011	−0.058%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0195%	4h	66.031	−0.027%	$670K	$311K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.070	+0.032%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.026	−0.035%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.029%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.090	+0.062%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.095	+0.070%	$45K	$76K	10x	as long as short
Bitget XAGUSDTshort	+0.0228%	4h	66.090	+0.062%	$24.0M	$45.2M	100x
BloFin XAG-USDT	+0.0231%	4h	66.040	−0.014%	$2.6M	$563K	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.037	−0.018%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.095	+0.070%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.057	+0.012%	$912K	$683K	25x	as long as short