Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.027%

Price spread now: Gate against Pacifica+0.135%7-day average +0.065% · you sell dearer than you buy

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

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.135%, 7d avg +0.065%

Together, before fees−0.079%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.069% dearer against Pacifica than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.065%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.035% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	65.322	0.0100	pay 0.0013% / 1h	36m 46s	$466K	$624K	10x
Short	Gate XAG_USDT	65.410	0.0028	get 0.0014% / 4h	1h 36m	$141.3M	$181.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.135%Rate

Funding earned: −$15.12
Price spread: +0.135% → +0.065%: $6.94
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.18
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 7 min ago; Gate: live order book, 2 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, 7 min ago	0.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.76 bp	8.3 bp −$8	9.6 bp −$96	12.6 bp −$1,255	15.9 bp −$7,925

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
Hibachi XAG/USDT-P	−0.0136%	1h	65.300	−0.034%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0073%	1h	65.270	−0.080%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.041%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.410	+0.135%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.430	+0.165%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.410	+0.135%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.289	−0.050%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0010%	4h	65.410	+0.135%	$28.5M	$39.7M	150x	as long as short
Gate XAG_USDTshort	+0.0028%	4h	65.410	+0.135%	$141.3M	$181.4M	100x
Lighter RH XAG	+0.0032%	1h	65.384	+0.095%	$4.6M	$9.8M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.338	+0.024%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.650%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	+0.058%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.803	+0.736%	—	—	25x	as long as short
Aster XAGUSDT	+0.0046%	4h	65.360	+0.058%	$2.7M	$973K	100x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.390	+0.104%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.354	+0.049%	$170.3M	$83.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.352	+0.046%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.337	+0.023%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.356	+0.052%	$29K	$1K	5x	as long as short
Variational Omni XAG	+0.0060%	4h	65.414	+0.140%	$5.5M	$9.4M	—	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.391	+0.106%	$1.3M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.317	−0.008%	$56K	$31K	25x	as long as short
Binance XAGUSDT	+0.0073%	4h	65.380	+0.089%	$189.9M	$763.5M	100x	as long as short
MEXC SILVER_USDT	+0.0074%	4h	65.390	+0.104%	$115.5M	$157.2M	1000x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.342	+0.031%	$487K	$30.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0080%	1h	65.385	+0.097%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0089%	4h	65.368	+0.071%	$665K	$313K	30x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.355	+0.051%	$35K	$21K	20x	as long as short
Pacifica XAGlong	+0.0100%	1h	65.322	long leg	$466K	$624K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.360	+0.058%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.370	+0.073%	$112K	$19K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.383	+0.093%	$5.4M	$11.4M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.409	+0.133%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.089%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0120%	1h	65.354	+0.049%	$1.2M	$5.5M	10x	as long as short
Bullet SILVER-USD	+0.0167%	1h	65.395	+0.112%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.400	+0.119%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	65.390	+0.104%	$27.9M	$71.3M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.380	+0.089%	$65K	$375K	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.379	+0.087%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0296%	4h	65.380	+0.089%	$2.6M	$609K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0318% / S −0.0301%	1h	65.395	+0.112%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.361	+0.059%	$916K	$746K	25x	as long as short