Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h +0.038%

Price spread now: Paradex against Hotstuff+0.010%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 3 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 · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	66.368	0.0224	pay 0.0028% / 1h	35m 42s	$35K	$21K	20x
Short	Paradex XAG-USD-PERP	66.374	0.0123	get 0.0123% / 8h	6h 35m	$30K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$21.11
Price spread: +0.010% → 0.000%: $0.95
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$29.15
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Paradex: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Hotstuff and Paradex: 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
dYdX XAG-USD	0.0000%	1h	66.356	−0.017%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.440	+0.108%	$153.5M	$162.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	+0.093%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	+0.124%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	+0.108%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.350	−0.028%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.455	+0.131%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.362	−0.009%	$5.4M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.048%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.420	+0.078%	$799K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.845	+0.719%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	+0.068%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.384	+0.024%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.348	−0.030%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.133%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.400	+0.048%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.357	−0.017%	$563K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.403	+0.053%	$1.2M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0092%	4h	66.500	+0.199%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	66.433	+0.098%	$165.9M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.432	+0.096%	$473K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.390	+0.033%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.470	+0.154%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.304%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0117%	4h	66.436	+0.102%	$2.8M	$962K	100x	as long as short
Paradex XAG-USD-PERPshort	+0.0123%	8h	66.374	+0.010%	$30K	$1K	5x
Variational Omni XAG	+0.0140%	4h	66.405	+0.055%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.416	+0.072%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.440	+0.108%	$102.4M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0156%	4h	66.480	+0.169%	$192.9M	$708.3M	100x	as long as short
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.219%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0168%	1h	66.472	+0.157%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.229%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0199%	8h	66.480	+0.169%	$28.0M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.408	+0.060%	$80K	$38K	10x	as long as short
Hotstuff SILVER-PERPlong	+0.0224%	1h	66.368	long leg	$35K	$21K	20x
Bitget XAGUSDT	+0.0226%	4h	66.450	+0.124%	$24.0M	$46.1M	100x	as long as short
Nado XAG-PERP	+0.0229%	1h	66.323	−0.068%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.237%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.302	−0.100%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.416	+0.072%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.425	+0.086%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	+0.048%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.375	+0.011%	$765K	$475K	25x	as long as short