Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.034%

Price spread now: Bitget against Pacifica+0.117%7-day average +0.063% · you sell dearer than you buy

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

Long on Pacifica Short on Bitget

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)−0.037%−$4 · spread now +0.117%, 7d avg +0.063%

Together, before fees+0.004%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.053% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	66.063	0.0100	pay 0.0013% / 1h	40m 02s	$470K	$607K	10x
Short	Bitget XAGUSDT	66.140	0.0248	get 0.0124% / 4h	1h 40m	$23.7M	$46.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Pacifica. 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 PacificabpFee BitgetbpOrdersPrice spread, now +0.117%Rate

Funding earned: $31.08
Price spread: +0.117% → +0.063%: $5.31
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $16.39
Costs to cover: 0.200%
Break-even: 3.3 days

Slippage unknown: Pacifica: live order book, 24 min ago; Bitget: live order book, 4 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 Pacifica live order book, 24 min ago	0.23 bp	4.4 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.75 bp	6.8 bp −$7	9.4 bp −$94	17.4 bp −$1,741	30.4 bp −$15.2K

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	66.042	−0.032%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.140	+0.117%	$149.9M	$162.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	+0.071%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	+0.132%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.170	+0.162%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.050	−0.019%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.102	+0.059%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.072	+0.013%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.510%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.130	+0.101%	$795K	$2.9M	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	66.556	+0.746%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	65.970	−0.141%	$5.7M	$9.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.093	+0.045%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.048	−0.023%	$3K	$6K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.077	+0.021%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.110	+0.071%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0064%	24h	66.076	+0.020%	$569K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.058	−0.008%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0087%	1h	66.098	+0.053%	$165.5M	$74.9M	25x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.063	long leg	$470K	$607K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.090	+0.041%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.090	+0.041%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0132%	8h	66.102	+0.059%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0133%	4h	66.127	+0.097%	$2.7M	$895K	100x	as long as short
BloFin XAG-USDT	+0.0140%	4h	66.140	+0.117%	$2.6M	$556K	100x	as long as short
Bybit XAGUSDT	+0.0157%	4h	66.160	+0.147%	$26.6M	$36.4M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.112	+0.075%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.113	+0.075%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0177%	4h	66.102	+0.059%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.116	+0.081%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0188%	4h	66.140	+0.117%	$111.3M	$152.2M	1000x	as long as short
Binance XAGUSDT	+0.0188%	4h	66.142	+0.120%	$191.2M	$705.9M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.050	−0.020%	$1.8M	$970K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.177	+0.173%	$671K	$313K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.140	+0.117%	$27.6M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0240%	1h	66.114	+0.077%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0247%	1h	66.063	0.000%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDTshort	+0.0248%	4h	66.140	+0.117%	$23.7M	$46.3M	100x
Hibachi XAG/USDT-P	+0.0264%	1h	66.070	+0.011%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0265%	1h	66.118	+0.083%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.155	+0.140%	$399K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0335% / S −0.0348%	1h	66.125	+0.094%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.100	+0.056%	$50K	$327K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.088	+0.038%	$918K	$674K	25x	as long as short