Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h +0.007%

Price spread now: Pacifica against Aster−0.048%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.048%, 7d avg −0.063%

Together, before fees−0.026%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.090	0.0135	pay 0.0067% / 4h	47m 22s	$2.7M	$877K	100x
Short	Pacifica XAG	66.058	0.0100	get 0.0013% / 1h	47m 22s	$470K	$616K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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 AsterbpFee PacificabpOrdersPrice spread, now −0.048%Rate

Funding earned: −$7.26
Price spread: −0.048% → −0.063%: $1.42
Slippage, 4 orders: −$7.16
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$29.01
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Pacifica: live order book, 11 min ago.

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 Aster live order book, 1 min ago	0.76 bp	4.8 bp −$5	6.4 bp −$64	15.8 bp −$1,576	doesn't fit
Sell Pacifica live order book, 11 min ago	0.08 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit

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	66.028	−0.094%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.120	+0.045%	$150.1M	$163.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	+0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	+0.091%	$1.0M	$983K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.045%	$1.5M	$316K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.035	−0.084%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.089	−0.001%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.036	−0.082%	$5.2M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.469%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.030%	$795K	$3.0M	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	66.531	+0.667%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.076	−0.021%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.025	−0.098%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.990	−0.151%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.100	+0.015%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.072	−0.027%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.057	−0.050%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0067%	24h	66.045	−0.068%	$552K	$25.0M	8.1x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.058	−0.048%	$470K	$616K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.080	−0.015%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.000	−0.136%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0127%	1h	66.073	−0.026%	$165.3M	$73.9M	25x	as long as short
Aster XAGUSDTlong	+0.0135%	4h	66.090	long leg	$2.7M	$877K	100x
RISEx XAG/USDC	+0.0137%	1h	66.110	+0.030%	$1.3M	$4.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0142%	8h	66.101	+0.016%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0144%	4h	66.130	+0.061%	$26.7M	$36.0M	150x	as long as short
Variational Omni XAG	+0.0189%	4h	66.093	+0.005%	$5.6M	$9.7M	—	as long as short
Lighter XAG	+0.0192%	1h	66.100	+0.015%	$5.2M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.107	+0.025%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	+0.061%	$1.8M	$1.0M	20x	as long as short
MEXC SILVER_USDT	+0.0202%	4h	66.110	+0.030%	$108.3M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0205%	4h	66.118	+0.042%	$192.7M	$703.1M	100x	as long as short
BloFin XAG-USDT	+0.0212%	4h	66.120	+0.045%	$2.6M	$554K	100x	as long as short
edgeX XAGUSDC	+0.0213%	4h	66.077	−0.019%	$670K	$315K	30x	as long as short
Nado XAG-PERP	+0.0214%	1h	66.049	−0.062%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.120	+0.045%	$27.7M	$65.5M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.084	−0.009%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.110	+0.030%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0272%	4h	66.100	+0.015%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0308%	1h	66.120	+0.045%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.057	−0.050%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	−0.015%	$62K	$348K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0369% / S −0.0401%	1h	66.115	+0.038%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.068	−0.033%	$911K	$674K	25x	as long as short