Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0038%/8h= −4.1% APRnext payment $0.05 per $10,000 · paid last 24h +0.011%
Price spread now: Ondo Perps against Hotstuff−0.223%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Ondo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.223% cheaper against Hotstuff than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff SILVER-PERP64.9250.0088pay 0.0011% / 1h36m 12s$35K$21K20x
ShortOndo Perps XAG-USD.P64.7800.0050get 0.0006% / 1h36m 12s$5.6M$9.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$7.9
Price spread: −0.223% → 0.000%
−$22.33
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$40.23
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Ondo Perps no order-book sample
Hotstuff and Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h64.862−0.097%$12K$5K5xas long as short
SunX XAG-USDT0.0000%4h64.890−0.054%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h64.930+0.008%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h64.940+0.023%$1.4M$310K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h64.825−0.153%$117K250xas long as short
Variational Omni XAG+0.0012%4h64.904−0.032%$5.3M$9.1Mas long as short
Gate XAG_USDT+0.0016%4h64.920−0.008%$138.7M$181.7M100xas long as short
Lighter RH XAG+0.0032%1h64.901−0.037%$4.6M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h64.827−0.151%$5.0M$12.1M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+2.272%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h64.940+0.023%$781K$3.0M40xas long as short
Vest SI-PERP+0.0046%1h65.304+0.584%25xas long as short
QFEX SILVER-USD+0.0047%1h64.890−0.054%$445K$1.5M20xas long as short
MEXC SILVER_USDT+0.0048%4h64.890−0.054%$121.0M$158.0M1000xas long as short
Binance XAGUSDT+0.0050%4h64.894−0.047%$195.8M$769.5M100xas long as short
Polymarket Perps SILVER-USD+0.0050%1h64.827−0.151%$3.8M$890K20xas long as short
SoDEX SILVER-USD+0.0050%1h64.822−0.159%$3K$6K20xas long as short
Ondo Perps XAG-USD.Pshort+0.0050%1h64.780−0.223%$5.6M$9.9M25x
Paradex XAG-USD-PERP+0.0059%8h64.889−0.056%$29K$1665xas long as short
edgeX XAGUSDC+0.0061%4h64.937+0.019%$661K$313K30xas long as short
Aevo XAG-PERP+0.0064%1h64.870−0.084%$47K10xas long as short
Aster XAGUSDT+0.0065%4h64.890−0.054%$2.6M$997K100xas long as short
Coinbase International SILVER-PERP-INTX+0.0080%1h64.850−0.116%$1.6M$1.4M20xas long as short
Kalshi KXSILVERPERP+0.0084%24h64.860−0.100%$484K$33.8M8.1xas long as short
Hotstuff SILVER-PERPlong+0.0088%1h64.925long leg$35K$21K20x
Pacifica XAG+0.0100%1h64.860−0.100%$463K$592K10xas long as short
KuCoin XAGUSDTM+0.0100%4h64.850−0.116%$25.1M$4.5M75xas long as short
GRVT XAG_USDT_Perp+0.0100%4h64.907−0.028%$390K$1.6M25xas long as short
ApeX Omni XAGUSDT+0.0100%1h64.880−0.069%$111K$19K50xas long as short
Phoenix SILVER+0.0111%1h64.865−0.092%$55K$31K25xas long as short
tradeXYZ xyz:SILVER+0.0137%1h64.869−0.086%$173.8M$86.8M25xas long as short
Nado XAG-PERP+0.0156%1h64.818−0.165%$1.2M$4.3M10xas long as short
RISEx XAG/USDC+0.0158%1h64.879−0.071%$1.2M$4.9M20xas long as short
Bybit XAGUSDT+0.0170%4h64.920−0.008%$29.3M$41.9M150xas long as short
Bitget XAGUSDT+0.0186%4h64.910−0.023%$23.1M$45.5M100xas long as short
OKX XAG-USDT-SWAP+0.0192%8h64.920−0.008%$28.6M$72.6M50xas long as short
BloFin XAG-USDT+0.0199%4h64.920−0.008%$2.7M$646K100xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0213%1h64.880−0.069%$76K$426K20xas long as short
Aftermath Perps XAGUSD+0.0217%1h64.899−0.041%$78K$37K10xas long as short
Lighter XAG+0.0224%1h64.900−0.039%$5.3M$11.0M25xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0237% / S −0.0196%1h64.895−0.046%$92K111xas long as short
Bullet SILVER-USD+0.0299%1h64.882−0.066%$45K$75K10xas long as short
Hibachi XAG/USDT-P+0.0336%1h64.882−0.067%$20K$15K10xas long as short
Kraken Futures PF_XAGUSD+0.0420%1h64.875−0.076%$1.0M$868K25xas long as short