Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.028%

Price spread now: Pacifica against GRVT−0.111%52s7-day average −0.095% · you buy dearer than you sell

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

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now −0.111%, 7d avg −0.095%

Together, before fees−0.259%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.095%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAG_USDT_Perp	66.073	0.0210	pay 0.0105% / 4h	3h 02m	$395K	$1.5M	25x
Short	Pacifica XAG	66.000	0.0100	get 0.0013% / 1h	2m 11s	$469K	$604K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against GRVT. 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 GRVTbpFee PacificabpOrdersPrice spread, now −0.111%Rate

Funding earned: −$23.1
Price spread: −0.111% → −0.095%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$41.72
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 1 min ago; Pacifica: live order book, 52 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 GRVT live order book, 1 min ago	0.76 bp	6.5 bp −$7	9.6 bp −$96	40.6 bp −$4,063	doesn't fit
Sell Pacifica live order book, 52 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	−0.0050%	1h	65.940	−0.201%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.128%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	−0.005%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.041%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	−0.005%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.001	−0.109%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.053	−0.030%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.999	−0.113%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.495%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.080	+0.010%	$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	66.482	+0.619%	—	—	25x	as long as short
Gate XAG_USDT	+0.0046%	4h	66.080	+0.010%	$149.9M	$164.5M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.027	−0.070%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.995	−0.118%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.047	−0.039%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.040	−0.050%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.026	−0.071%	$166.3M	$73.9M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.118%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.027	−0.070%	$530K	$26.7M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	66.032	−0.062%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.066	−0.011%	$1.3M	$4.9M	20x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.000	−0.111%	$469K	$604K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.065%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.990	−0.126%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0104%	4h	66.080	+0.010%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0119%	4h	66.069	−0.005%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0120%	1h	66.055	−0.027%	$5.2M	$10.9M	25x	as long as short
Variational Omni XAG	+0.0164%	4h	66.053	−0.030%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.050	−0.034%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0172%	4h	66.060	−0.020%	$115.2M	$152.9M	1000x	as long as short
Binance XAGUSDT	+0.0172%	4h	66.067	−0.009%	$191.1M	$702.8M	100x	as long as short
edgeX XAGUSDC	+0.0183%	4h	66.054	−0.030%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.017	−0.085%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	66.029	−0.067%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.040	−0.050%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.141%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perplong	+0.0210%	4h	66.073	long leg	$395K	$1.5M	25x
BloFin XAG-USDT	+0.0221%	4h	66.040	−0.050%	$2.6M	$570K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.070	−0.005%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.070	−0.005%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.074	+0.002%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.042	−0.048%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	−0.012%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.032	−0.062%	$911K	$685K	25x	as long as short