Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Pacifica+0.037%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.037%, 7d avg +0.004%

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.033% dearer against Pacifica than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	65.056	0.0100	pay 0.0013% / 1h	15m 39s	$463K	$600K	10x
Short	KuCoin XAGUSDTM	65.080	0.0100	get 0.0050% / 4h	15m 39s	$25.2M	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.004%: $3.26
Slippage, 4 orders: −$9.15
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$25.89
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Pacifica: live order book, 23 min ago; KuCoin: live order book, 3 min ago.

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, 23 min ago	0.08 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.77 bp	8.6 bp −$9	14.9 bp −$149	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
Ondo Perps XAG-USD.P	−0.0030%	1h	65.010	−0.071%	$5.6M	$9.8M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	65.081	+0.038%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.070	+0.021%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.120	+0.098%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.125	+0.106%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.120	+0.098%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	+0.160%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.140	+0.129%	$1.5M	$279K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.072	+0.023%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.120	+0.098%	$140.4M	$181.3M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.108	+0.080%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.050	−0.009%	$5.0M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.066%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.090	+0.052%	$126.9M	$160.9M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.107	+0.077%	$191.3M	$756.4M	100x	as long as short
edgeX XAGUSDC	+0.0037%	4h	65.135	+0.121%	$663K	$314K	30x	as long as short
Aster XAGUSDT	+0.0038%	4h	65.120	+0.098%	$2.7M	$976K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.160	+0.160%	$784K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.110	+0.083%	$160K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.543	+0.748%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.118	+0.094%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.088	+0.049%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.073	+0.026%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.091	+0.053%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.070	+0.021%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	65.082	+0.040%	$173.0M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.097	+0.063%	$482K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.133%	$1.6M	$1.4M	20x	as long as short
Pacifica XAGlong	+0.0100%	1h	65.056	long leg	$463K	$600K	10x
KuCoin XAGUSDTMshort	+0.0100%	4h	65.080	+0.037%	$25.2M	$4.7M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	+0.021%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.119	+0.097%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0139%	4h	65.110	+0.083%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.140	+0.129%	$394K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0158%	4h	65.110	+0.083%	$23.2M	$44.8M	100x	as long as short
Nado XAG-PERP	+0.0163%	1h	65.090	+0.052%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0171%	8h	65.110	+0.083%	$28.4M	$70.3M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.118	+0.095%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.111	+0.084%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.110	+0.083%	$65K	$395K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.115	+0.090%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.141	+0.130%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.125	+0.106%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.100	+0.067%	$1.0M	$869K	25x	as long as short