Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.002%

Price spread now: Pacifica against Binance−0.176%7-day average −0.067% · you buy dearer than you sell

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

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now −0.176%, 7d avg −0.067%

Together, before fees−0.205%+ Points / potential airdropPacifica: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Pacifica is 0.109% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.252	0.0190	pay 0.0095% / 4h	1h 37m	$191.5M	$705.8M	100x
Short	Pacifica XAG	66.136	0.0100	get 0.0013% / 1h	37m 12s	$470K	$607K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.176%Rate

Funding earned: −$18.82
Price spread: −0.176% → −0.067%: −$10.88
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$47.7
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Pacifica: live order book, 27 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 Binance live order book, 7 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	8.5 bp −$854	23.4 bp −$11.7K
Sell Pacifica live order book, 27 min ago	0.23 bp	doesn't fit	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	66.160	−0.139%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.147	−0.159%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.270	+0.027%	$150.1M	$163.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.210	−0.064%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.250	−0.004%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	−0.004%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.157	−0.143%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.228	−0.037%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.156	−0.146%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.223%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.180	−0.109%	$796K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.651	+0.602%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.174	−0.118%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.157	−0.144%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.100	−0.230%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.210	−0.064%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0064%	24h	66.137	−0.174%	$570K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.122	−0.197%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0086%	1h	66.221	−0.047%	$165.8M	$74.0M	25x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.136	−0.176%	$470K	$607K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.190	−0.094%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.200%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0131%	8h	66.194	−0.088%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.224	−0.042%	$2.7M	$895K	100x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.270	+0.027%	$26.6M	$36.4M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.227	−0.039%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.210	−0.063%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0177%	4h	66.102	−0.227%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.210	−0.064%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0188%	4h	66.240	−0.019%	$111.1M	$152.2M	1000x	as long as short
Binance XAGUSDTlong	+0.0190%	4h	66.252	long leg	$191.5M	$705.8M	100x
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.050	−0.305%	$1.8M	$970K	20x	as long as short
edgeX XAGUSDC	+0.0197%	4h	66.096	−0.237%	$671K	$313K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.250	−0.004%	$27.6M	$65.8M	50x	as long as short
BloFin XAG-USDT	+0.0226%	4h	66.210	−0.064%	$2.6M	$553K	100x	as long as short
Nado XAG-PERP	+0.0234%	1h	66.152	−0.152%	$1.3M	$6.6M	10x	as long as short
Aftermath Perps XAGUSD	+0.0237%	1h	66.148	−0.157%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.250	−0.004%	$23.8M	$46.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.134	−0.179%	$20K	$22K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	66.186	−0.100%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0265%	1h	66.223	−0.044%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0336% / S −0.0350%	1h	66.225	−0.041%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.210	−0.064%	$50K	$327K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.181	−0.108%	$919K	$674K	25x	as long as short