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: GRVT against Pacifica+0.111%52s7-day average +0.095% · you sell dearer than you buy

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

Long on Pacifica Short on GRVT

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 airdropPacifica: Active · GRVT: 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	Pacifica XAG	66.000	0.0100	pay 0.0013% / 1h	2m 35s	$469K	$604K	10x
Short	GRVT XAG_USDT_Perp	66.073	0.0210	get 0.0105% / 4h	3h 02m	$395K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.111%Rate

Funding earned: $23.1
Price spread: +0.111% → +0.095%: $1.64
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $7.74
Costs to cover: 0.170%
Break-even: 4.7 days

Slippage unknown: Pacifica: live order book, 51 min ago; GRVT: live order book, 1 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, 51 min ago	0.08 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	0.76 bp	8.0 bp −$8	8.9 bp −$89	38.1 bp −$3,812	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	−0.090%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.017%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	+0.092%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.140	+0.213%	$1.1M	$1.0M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.060	+0.092%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.996	−0.005%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.053	+0.081%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.999	−0.001%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.607%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.080	+0.122%	$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	+0.731%	—	—	25x	as long as short
Gate XAG_USDT	+0.0046%	4h	66.080	+0.122%	$149.9M	$164.5M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.029	+0.045%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.993	−0.010%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.047	+0.072%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.040	+0.061%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.023	+0.035%	$166.3M	$73.9M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.007%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.024	+0.037%	$530K	$26.7M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	66.032	+0.049%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.066	+0.100%	$1.3M	$4.9M	20x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.000	long leg	$469K	$604K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.030	+0.046%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.990	−0.015%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0104%	4h	66.080	+0.122%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0119%	4h	66.065	+0.099%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0120%	1h	66.055	+0.084%	$5.2M	$10.9M	25x	as long as short
Variational Omni XAG	+0.0164%	4h	66.053	+0.082%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.037	+0.057%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0172%	4h	66.060	+0.092%	$115.2M	$152.9M	1000x	as long as short
Binance XAGUSDT	+0.0172%	4h	66.065	+0.099%	$191.1M	$702.8M	100x	as long as short
edgeX XAGUSDC	+0.0183%	4h	66.054	+0.082%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.010	+0.016%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	66.027	+0.042%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.040	+0.061%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.030%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perpshort	+0.0210%	4h	66.073	+0.111%	$395K	$1.5M	25x
BloFin XAG-USDT	+0.0221%	4h	66.040	+0.061%	$2.6M	$570K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.070	+0.107%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.060	+0.092%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.063	+0.096%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.042	+0.064%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	+0.099%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.029	+0.044%	$911K	$685K	25x	as long as short