Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.034%

Price spread now: Pacifica against Bitget−0.094%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.094%, 7d avg −0.064%

Together, before fees−0.043%+ Points / potential airdropPacifica: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.030% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	66.110	0.0246	pay 0.0123% / 4h	47m 55s	$23.8M	$45.7M	100x
Short	Pacifica XAG	66.048	0.0100	get 0.0013% / 1h	47m 55s	$470K	$616K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now −0.094%Rate

Funding earned: −$30.66
Price spread: −0.094% → −0.064%: −$3.01
Slippage, 4 orders: −$8.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$62.34
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Bitget: 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 Bitget live order book, 1 min ago	0.76 bp	8.3 bp −$8	9.9 bp −$99	18.0 bp −$1,804	43.8 bp −$21.9K
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	−0.124%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.120	+0.015%	$150.1M	$163.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	0.000%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	+0.061%	$1.0M	$983K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.015%	$1.5M	$316K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.030	−0.120%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.076	−0.052%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.027	−0.126%	$5.2M	$11.8M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.047	−0.095%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.439%	$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	66.090	−0.030%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.526	+0.629%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.074	−0.054%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.025	−0.129%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.980	−0.197%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.090	−0.030%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.057	−0.080%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0067%	24h	66.045	−0.098%	$552K	$25.0M	8.1x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.048	−0.094%	$470K	$616K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.091%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.076%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0127%	1h	66.056	−0.082%	$165.3M	$73.9M	25x	as long as short
Aster XAGUSDT	+0.0132%	4h	66.090	−0.030%	$2.7M	$877K	100x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.105	−0.007%	$1.3M	$4.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0141%	8h	66.102	−0.013%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0144%	4h	66.120	+0.015%	$26.7M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0184%	1h	66.102	−0.012%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0189%	4h	66.093	−0.025%	$5.6M	$9.7M	—	as long as short
Lighter XAG	+0.0192%	1h	66.090	−0.030%	$5.2M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	+0.030%	$1.8M	$1.0M	20x	as long as short
MEXC SILVER_USDT	+0.0202%	4h	66.100	−0.015%	$108.4M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0204%	4h	66.110	0.000%	$192.7M	$703.3M	100x	as long as short
edgeX XAGUSDC	+0.0204%	4h	66.125	+0.023%	$671K	$314K	30x	as long as short
BloFin XAG-USDT	+0.0212%	4h	66.120	+0.015%	$2.6M	$554K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.110	0.000%	$27.7M	$65.5M	50x	as long as short
Nado XAG-PERP	+0.0226%	1h	66.043	−0.102%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0235%	1h	66.063	−0.071%	$79K	$37K	10x	as long as short
Bitget XAGUSDTlong	+0.0246%	4h	66.110	long leg	$23.8M	$45.7M	100x
GRVT XAG_USDT_Perp	+0.0268%	4h	66.149	+0.059%	$396K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0307%	1h	66.106	−0.006%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.028	−0.125%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	−0.045%	$62K	$348K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0369% / S −0.0400%	1h	66.105	−0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.068	−0.063%	$911K	$674K	25x	as long as short