Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.007%

Price spread now: MEXC against Pacifica+0.040%7-day average +0.038% · you sell dearer than you buy

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

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.040%, 7d avg +0.038%

Together, before fees+0.028%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	65.984	0.0100	pay 0.0013% / 1h	6m 22s	$472K	$645K	10x
Short	MEXC SILVER_USDT	66.010	0.0080	get 0.0040% / 4h	2h 06m	$122.6M	$192.5M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$4.2
Price spread: +0.040% → +0.038%: $0.14
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$12.06
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 17 min ago; MEXC: live order book, 3 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, 17 min ago	0.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.76 bp	2.1 bp −$2	2.8 bp −$28	16.2 bp −$1,617	49.0 bp −$24.5K

XAG on 42 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
Deribit SILVER_USDC-PERPETUAL	−0.0053%	1h	66.010	+0.040%	$76K	$361K	20x	as long as short
Nado XAG-PERP	−0.0003%	1h	65.994	+0.015%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	65.988	+0.006%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.000	+0.024%	$25.7M	$36.1M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.000	+0.024%	$147.1M	$185.6M	100x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.004	+0.030%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	66.000	+0.024%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.040	+0.085%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.070%	$1.5M	$249K	100x	as long as short
Aftermath Perps XAGUSD	+0.0011%	1h	65.961	−0.035%	$79K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAGUSDT	+0.0027%	4h	66.034	+0.075%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0032%	1h	65.991	+0.011%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.991	+0.011%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.028	+0.068%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.631%	$11K	$94K	52x	as long as short
Bitget XAGUSDT	+0.0036%	4h	66.010	+0.040%	$23.7M	$52.3M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	66.020	+0.055%	$790K	$2.8M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0045%	1h	65.930	−0.082%	$5.4M	$9.8M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.555	+0.866%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.978	−0.009%	$164.4M	$94.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.969	−0.023%	$3.9M	$743K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.995	+0.017%	$4K	$5K	20x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	65.925	−0.089%	$637K	$21.8M	8.1x	as long as short
BloFin XAG-USDT	+0.0060%	4h	65.950	−0.051%	$2.6M	$1.2M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0070%	4h	65.949	−0.052%	$389K	$1.6M	25x	as long as short
Binance XAGUSDT	+0.0070%	4h	66.004	+0.031%	$190.3M	$796.3M	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.027	+0.065%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.000	+0.024%	$143K	$2.8M	20x	as long as short
MEXC SILVER_USDTshort	+0.0080%	4h	66.010	+0.040%	$122.6M	$192.5M	1000x
Aevo XAG-PERP	+0.0088%	1h	66.021	+0.056%	$47K	—	10x	as long as short
Paradex XAG-USD-PERP	+0.0100%	8h	65.995	+0.017%	$30K	$1K	5x	as long as short
Pacifica XAGlong	+0.0100%	1h	65.984	long leg	$472K	$645K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.960	−0.036%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.040	+0.085%	$112K	$85K	50x	as long as short
Variational Omni XAG	+0.0107%	4h	66.053	+0.105%	$5.3M	$11.4M	—	as long as short
edgeX XAGUSDC	+0.0108%	4h	66.053	+0.105%	$670K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0147%	8h	66.000	+0.024%	$27.5M	$69.9M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	65.920	−0.097%	$1.9M	$1.2M	20x	as long as short
Hotstuff SILVER-PERP	+0.0312%	1h	65.977	−0.010%	$35K	$21K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0392% / S −0.0420%	1h	66.005	+0.032%	$102K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.003	+0.029%	$1.3M	$4.3M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0615%	1h	65.962	−0.032%	$774K	$616K	25x	as long as short