Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.004%

Price spread now: Pacifica against MEXC−0.076%7-day average −0.042% · you buy dearer than you sell

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

Long on MEXC 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)+0.026%+$3 · spread now −0.076%, 7d avg −0.042%

Together, before fees+0.042%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.034% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	65.600	0.0120	pay 0.0060% / 4h	2h 58m	$114.8M	$156.3M	1000x
Short	Pacifica XAG	65.550	0.0100	get 0.0013% / 1h	58m 33s	$467K	$588K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now −0.076%Rate

Funding earned: −$4.2
Price spread: −0.076% → −0.042%: −$3.4
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$15.6
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 6 min ago; Pacifica: live order book, 35 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 MEXC live order book, 6 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$76	1.9 bp −$962
Sell Pacifica live order book, 35 min ago	0.39 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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.521%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0080%	1h	65.480	−0.183%	$5.7M	$10.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.533	−0.102%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.630	+0.046%	$138.1M	$191.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.610	+0.015%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.640	+0.061%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.580	−0.030%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.591	−0.013%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.604	+0.006%	$4.5M	$9.2M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.554	−0.070%	$5.1M	$11.9M	10x	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	65.600	0.000%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.066	+0.710%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.571	−0.044%	$174.3M	$92.4M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.619	+0.029%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.534	−0.101%	$3K	$6K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.570	−0.046%	$77K	$435K	20x	as long as short
Nado XAG-PERP	+0.0061%	1h	65.601	+0.001%	$1.3M	$4.1M	10x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.600	0.000%	$435K	$1.5M	20x	as long as short
Variational Omni XAG	+0.0076%	4h	65.573	−0.041%	$5.4M	$9.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0078%	8h	65.587	−0.020%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.570	−0.046%	$1.6M	$1.6M	20x	as long as short
Kalshi KXSILVERPERP	+0.0090%	24h	65.646	+0.070%	$660K	$36.2M	8.1x	as long as short
Pacifica XAGshort	+0.0100%	1h	65.550	−0.076%	$467K	$588K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.560	−0.061%	$25.3M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.570	−0.046%	$112K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.549	−0.078%	$56K	$12K	25x	as long as short
Binance XAGUSDT	+0.0120%	4h	65.599	−0.002%	$193.7M	$822.2M	100x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	65.612	+0.018%	$35K	$22K	20x	as long as short
MEXC SILVER_USDTlong	+0.0120%	4h	65.600	long leg	$114.8M	$156.3M	1000x
Aevo XAG-PERP	+0.0120%	1h	65.579	−0.032%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0128%	4h	65.632	+0.049%	$669K	$315K	30x	as long as short
Aster XAGUSDT	+0.0133%	4h	65.611	+0.017%	$2.7M	$1.1M	100x	as long as short
Bullet SILVER-USD	+0.0184%	1h	65.636	+0.055%	$45K	$75K	10x	as long as short
Aftermath Perps XAGUSD	+0.0197%	1h	65.537	−0.096%	$79K	$37K	10x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.617	+0.025%	$1.2M	$4.9M	20x	as long as short
Lighter XAG	+0.0208%	1h	65.614	+0.022%	$5.1M	$11.2M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	65.600	0.000%	$28.3M	$81.1M	50x	as long as short
Bitget XAGUSDT	+0.0232%	4h	65.620	+0.030%	$23.0M	$49.4M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.585	−0.023%	$93K	—	111x	as long as short
Bybit XAGUSDT	+0.0263%	4h	65.610	+0.015%	$30.6M	$45.0M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0302%	4h	65.567	−0.051%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0362%	4h	65.620	+0.030%	$2.7M	$711K	100x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	65.589	−0.017%	$21K	$12K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0772%	1h	65.587	−0.019%	$1.0M	$893K	25x	as long as short