Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0114%/8hpaid last 24h −0.043%

Price spread now: Hotstuff against MEXC−0.047%55s7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Hotstuff

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hotstuff is 0.047% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	MEXC SILVER_USDT	66.260	0.0122	pay 0.0061% / 4h	23m 43s	$123.9M	$187.9M	1000x
Short	Hotstuff SILVER-PERP	66.229	0.0008	get 0.0001% / 1h	23m 43s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against MEXC. 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 MEXCbpFee HotstuffbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$23.94
Price spread: −0.047% → 0.000%: −$4.68
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$33.62
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 9 min ago; Hotstuff: 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 MEXC live order book, 9 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	1.1 bp −$111	4.1 bp −$2,069
Sell Hotstuff no order-book sample	—	—	—	—	—

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	−0.0058%	1h	66.150	−0.166%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.222	−0.058%	$15K	$997	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.270	+0.015%	$133.5M	$192.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.270	+0.015%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.290	+0.045%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.270	+0.015%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.194	−0.099%	$120K	—	250x	as long as short
Hotstuff SILVER-PERPshort	+0.0008%	1h	66.229	−0.047%	$35K	$21K	20x
Lighter RH XAG	+0.0032%	1h	66.260	+0.001%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.217	−0.065%	$5.4M	$14.8M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.211%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.149	−0.168%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.218	−0.063%	$693K	$21.5M	8.1x	as long as short
StandX XAG-USD	+0.0040%	1h	66.170	−0.136%	$700K	$2.6M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.694	+0.655%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.240	−0.030%	$161.8M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.206	−0.081%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.209	−0.077%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.240	−0.030%	$137K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0078%	8h	66.257	−0.005%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.260	0.000%	$2.8M	$1.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.212	−0.073%	$474K	$701K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.230	−0.045%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.211%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.260	0.000%	$5.4M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	−0.068%	$5.6M	$12.6M	—	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.257	−0.004%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.265	+0.008%	$191.8M	$787.4M	100x	as long as short
MEXC SILVER_USDTlong	+0.0122%	4h	66.260	long leg	$123.9M	$187.9M	1000x
edgeX XAGUSDC	+0.0135%	4h	66.210	−0.076%	$669K	$312K	30x	as long as short
BloFin XAG-USDT	+0.0136%	4h	66.210	−0.075%	$2.6M	$1.4M	100x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.280	+0.030%	$25.2M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.240	−0.030%	$1.4M	$4.3M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	66.270	+0.015%	$27.5M	$67.8M	50x	as long as short
Nado XAG-PERP	+0.0167%	1h	66.187	−0.110%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0175%	1h	66.248	−0.018%	$45K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0183%	1h	66.165	−0.143%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.332%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0203%	1h	66.250	−0.015%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.170	−0.136%	$397K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.206	−0.081%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0277% / S −0.0261%	1h	66.245	−0.023%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.270	+0.015%	$23.2M	$50.4M	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.223	−0.057%	$779K	$644K	25x	as long as short