Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.027%

Price spread now: Pacifica against Gate−0.098%7-day average −0.063% · you buy dearer than you sell

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

Long on Gate 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)+0.006%+$1 · spread now −0.098%, 7d avg −0.063%

Together, before fees+0.036%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.034% cheaper against Gate than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.063%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.029% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.510	0	get 0.0000% / 4h	3h 11m	$155.0M	$169.2M	100x
Short	Pacifica XAG	66.445	0.0100	get 0.0013% / 1h	11m 07s	$474K	$617K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now −0.098%Rate

Funding earned: $21
Price spread: −0.098% → −0.063%: −$3.43
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$5.43
Costs to cover: 0.230%
Break-even: 8.8 days

Slippage unknown: Gate: live order book, 3 min ago; Pacifica: live order book, 63 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 Gate live order book, 3 min ago	0.75 bp	8.4 bp −$8	9.6 bp −$96	13.3 bp −$1,332	16.6 bp −$8,318
Sell Pacifica live order book, 63 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
dYdX XAG-USD	0.0000%	1h	66.473	−0.056%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.520	+0.015%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.510	long leg	$155.0M	$169.2M	100x
SunX XAG-USDT	0.0000%	4h	66.510	0.000%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.530	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.500	−0.015%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.434	−0.115%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.485	−0.038%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.439	−0.107%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.165%	$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	66.530	+0.030%	$800K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.932	+0.634%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.472	−0.057%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.465	−0.068%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.434	−0.114%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.390	−0.180%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.500	−0.015%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.455	−0.083%	$562K	$21.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0066%	1h	66.471	−0.059%	$165.6M	$85.2M	25x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	66.466	−0.066%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0089%	4h	66.502	−0.012%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0099%	4h	66.494	−0.024%	$5.6M	$9.9M	—	as long as short
Pacifica XAGshort	+0.0100%	1h	66.445	−0.098%	$474K	$617K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.470	−0.060%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.450	−0.090%	$126K	$24K	50x	as long as short
Paradex XAG-USD-PERP	+0.0106%	8h	66.487	−0.035%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0109%	4h	66.478	−0.048%	$675K	$316K	30x	as long as short
MEXC SILVER_USDT	+0.0110%	4h	66.500	−0.015%	$108.6M	$160.6M	1000x	as long as short
Binance XAGUSDT	+0.0112%	4h	66.508	−0.003%	$193.5M	$720.8M	100x	as long as short
Aevo XAG-PERP	+0.0112%	1h	66.490	−0.029%	$48K	—	10x	as long as short
Lighter XAG	+0.0136%	1h	66.489	−0.031%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.498	−0.018%	$1.2M	$4.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0164%	4h	66.500	−0.015%	$391K	$1.5M	25x	as long as short
BloFin XAG-USDT	+0.0167%	4h	66.490	−0.030%	$2.6M	$698K	100x	as long as short
Bitget XAGUSDT	+0.0184%	4h	66.510	0.000%	$24.5M	$47.7M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.480	−0.045%	$1.9M	$933K	20x	as long as short
Nado XAG-PERP	+0.0184%	1h	66.451	−0.089%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0192%	8h	66.510	0.000%	$27.9M	$67.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0205%	1h	66.471	−0.059%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0244%	1h	66.507	−0.005%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	66.470	−0.060%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.505	−0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.480	−0.045%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.471	−0.058%	$764K	$565K	25x	as long as short