Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0344%/8h= −37.7% APRpaid last 24h +0.016%

Price spread now: SunX against Hotstuff−0.069%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on SunX

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 against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.069% cheaper against Hotstuff than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	66.376	0.0344	pay 0.0043% / 1h	51m 53s	$35K	$21K	20x
Short	SunX XAG-USDT	66.330	0	get 0.0000% / 4h	1h 51m	$2K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$72.24
Price spread: −0.069% → 0.000%: −$6.93
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$92.17
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago	29.36 bp	33.4 bp −$33	doesn't fit	doesn't fit	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 43 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	66.294	−0.124%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.290	−0.130%	$152.1M	$161.6M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.330	−0.069%	$2K	$2.8M	20x
HTX XAG-USDT	0.0000%	4h	66.380	+0.006%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.320	−0.084%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.241	−0.204%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0026%	1h	66.250	−0.190%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.278	−0.147%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.213	−0.246%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.036%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.390	+0.021%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.770	+0.594%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.292	−0.127%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.238	−0.208%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.320	−0.084%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.278	−0.148%	$546K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	−0.110%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	66.240	−0.205%	$165.8M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.275	−0.152%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.240	−0.205%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	−0.069%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0139%	8h	66.324	−0.079%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.287	−0.134%	$2.7M	$923K	100x	as long as short
Bybit XAGUSDT	+0.0148%	4h	66.300	−0.114%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0160%	1h	66.281	−0.143%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.303	−0.110%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.354	−0.033%	$5.5M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.330	−0.069%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.280	−0.145%	$111.5M	$151.6M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	−0.039%	$1.9M	$972K	20x	as long as short
Binance XAGUSDT	+0.0193%	4h	66.281	−0.143%	$192.0M	$705.9M	100x	as long as short
edgeX XAGUSDC	+0.0212%	4h	66.351	−0.038%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.280	−0.145%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.297	−0.119%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.320	−0.084%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0240%	1h	66.282	−0.141%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.260	−0.175%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.321	−0.083%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.410	+0.051%	$399K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0330% / S −0.0340%	1h	66.305	−0.107%	$103K	—	111x	as long as short
Hotstuff SILVER-PERPlong	+0.0344%	1h	66.376	long leg	$35K	$21K	20x
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.290	−0.130%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.268	−0.163%	$764K	$475K	25x	as long as short