Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h −0.009%

Price spread now: Pacifica against edgeX−0.157%7-day average −0.056% · you buy dearer than you sell

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

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.157%, 7d avg −0.056%

Together, before fees+0.003%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.101% cheaper against edgeX than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.056%). If the spread goes back, that is −$10 on $10k: about 5.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	65.413	0.0041	pay 0.0020% / 4h	39m 17s	$666K	$312K	30x
Short	Pacifica XAG	65.310	0.0100	get 0.0013% / 1h	39m 17s	$465K	$611K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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 edgeXbpFee PacificabpOrdersPrice spread, now −0.157%Rate

Funding earned: $12.47
Price spread: −0.157% → −0.056%: −$10.09
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$14.62
Costs to cover: 0.170%
Break-even: 15.2 days

Slippage unknown: edgeX: live order book, 64 min ago; Pacifica: live order book, 65 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 edgeX live order book, 64 min ago	2.29 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.2 bp −$10.6K
Sell Pacifica live order book, 65 min ago	0.08 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
Ondo Perps XAG-USD.P	−0.0034%	1h	65.230	−0.279%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.354	−0.090%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.370	−0.065%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	−0.096%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	−0.065%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	−0.080%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.298	−0.176%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0008%	4h	65.432	+0.030%	$5.5M	$9.1M	—	as long as short
Aster XAGUSDT	+0.0024%	4h	65.360	−0.080%	$2.7M	$928K	100x	as long as short
Binance XAGUSDT	+0.0032%	4h	65.350	−0.096%	$191.8M	$756.0M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.347	−0.101%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.316	−0.148%	$5.1M	$11.6M	10x	as long as short
MEXC SILVER_USDT	+0.0032%	4h	65.340	−0.111%	$118.7M	$157.2M	1000x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.509%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.370	−0.065%	$140.8M	$177.7M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.450	+0.057%	$787K	$2.9M	40x	as long as short
edgeX XAGUSDClong	+0.0041%	4h	65.413	long leg	$666K	$312K	30x
QFEX SILVER-USD	+0.0044%	1h	65.340	−0.111%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.780	+0.562%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.341	−0.110%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.317	−0.146%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.299	−0.174%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.315	−0.149%	$169.8M	$81.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.349	−0.097%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.389	−0.036%	$56K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.400	−0.019%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.344	−0.105%	$531K	$31.9M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.370	−0.065%	$1.6M	$1.4M	20x	as long as short
Pacifica XAGshort	+0.0100%	1h	65.310	−0.157%	$465K	$611K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.330	−0.126%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.390	−0.035%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.366	−0.071%	$1.2M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0127%	4h	65.360	−0.080%	$2.7M	$575K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.441	+0.043%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0158%	4h	65.350	−0.096%	$23.2M	$45.0M	100x	as long as short
Nado XAG-PERP	+0.0165%	1h	65.329	−0.128%	$1.2M	$4.7M	10x	as long as short
Lighter XAG	+0.0168%	1h	65.356	−0.086%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0170%	8h	65.360	−0.080%	$28.1M	$70.3M	50x	as long as short
Hibachi XAG/USDT-P	+0.0176%	1h	65.393	−0.029%	$20K	$17K	10x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	65.337	−0.116%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	−0.111%	$65K	$389K	20x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.367	−0.069%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	−0.088%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.313	−0.152%	$1.0M	$868K	25x	as long as short