Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.002%

Price spread now: Bybit against Pacifica+0.094%7-day average +0.068% · you sell dearer than you buy

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

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now +0.094%, 7d avg +0.068%

Together, before fees+0.030%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.025% dearer against Pacifica than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.068%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.026% in total) that is about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	66.068	0.0100	pay 0.0013% / 1h	29m 20s	$473K	$647K	10x
Short	Bybit XAGUSDT	66.130	0.0026	get 0.0013% / 4h	2h 29m	$25.7M	$37.0M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$15.49
Price spread: +0.094% → +0.068%: $2.54
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$31.96
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 59 min ago; Bybit: 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, 59 min ago	0.08 bp	4.1 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.76 bp	6.3 bp −$6	8.3 bp −$83	14.6 bp −$1,464	68.3 bp −$34.1K

XAG on 43 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	66.077	+0.013%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.140	+0.109%	$144.5M	$179.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	+0.064%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.090	+0.033%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.080	+0.018%	$1.5M	$249K	100x	as long as short
Bybit XAGUSDTshort	+0.0026%	4h	66.130	+0.094%	$25.7M	$37.0M	150x
Aftermath Perps XAGUSD	+0.0026%	1h	66.058	−0.016%	$79K	$40K	10x	as long as short
Lighter XAG	+0.0032%	1h	66.062	−0.008%	$5.1M	$11.3M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.072	+0.005%	$4.4M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.048	−0.031%	$5.3M	$15.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.503%	$11K	$94K	52x	as long as short
Nado XAG-PERP	+0.0038%	1h	66.109	+0.062%	$1.3M	$6.6M	10x	as long as short
StandX XAG-USD	+0.0040%	1h	66.050	−0.027%	$699K	$2.8M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0043%	1h	66.020	−0.073%	$6.1M	$9.0M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.586	+0.784%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.054	−0.021%	$163.7M	$95.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.057	−0.017%	$3.9M	$745K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.039	−0.044%	$4K	$5K	20x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.042	−0.039%	$638K	$21.8M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	66.029	−0.059%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.080	+0.018%	$143K	$2.8M	20x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.068	long leg	$473K	$647K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.060	−0.012%	$24.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.050	−0.027%	$112K	$85K	50x	as long as short
Bullet SILVER-USD	+0.0123%	1h	66.095	+0.040%	$44K	$74K	10x	as long as short
Paradex XAG-USD-PERP	+0.0149%	8h	66.084	+0.025%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0164%	4h	66.092	+0.037%	$2.8M	$1.2M	100x	as long as short
BloFin XAG-USDT	+0.0178%	4h	66.090	+0.033%	$2.6M	$1.2M	100x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.094	+0.040%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.120	+0.079%	$1.9M	$1.1M	20x	as long as short
Variational Omni XAG	+0.0219%	4h	66.082	+0.021%	$5.3M	$12.4M	—	as long as short
Binance XAGUSDT	+0.0219%	4h	66.111	+0.065%	$191.2M	$797.2M	100x	as long as short
MEXC SILVER_USDT	+0.0222%	4h	66.120	+0.079%	$122.5M	$191.1M	1000x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.130	+0.094%	$27.5M	$69.0M	50x	as long as short
Bitget XAGUSDT	+0.0224%	4h	66.130	+0.094%	$23.6M	$52.6M	100x	as long as short
edgeX XAGUSDC	+0.0236%	4h	66.081	+0.020%	$669K	$315K	30x	as long as short
Hotstuff SILVER-PERP	+0.0256%	1h	66.042	−0.039%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.120	+0.079%	$88K	$307K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0376%	4h	66.086	+0.028%	$389K	$1.7M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0381% / S −0.0402%	1h	66.125	+0.086%	$103K	—	111x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.101	+0.050%	$1.3M	$4.3M	20x	as long as short
Hibachi XAG/USDT-P	+0.0560%	1h	66.030	−0.058%	$20K	$22K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0614%	1h	66.079	+0.016%	$777K	$630K	25x	as long as short