Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against Pacifica+0.092%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$810.806% of the position

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.092%, 7d avg +0.074%

Together, before fees+0.013%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: −$3 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	66.129	0.0100	pay 0.0013% / 1h	21m 57s	$471K	$622K	10x
Short	SunX XAG-USDT	66.190	0	get 0.0000% / 4h	21m 57s	$2K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$21
Price spread: +0.092% → +0.074%: $1.82
Slippage, 4 orders: −$64.58
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$99.76
Costs to cover: 0.806%
Break-even: never at this rate

Slippage from Pacifica: live order book, 37 min ago; SunX: live order book, 6 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, 37 min ago	0.08 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	29.47 bp	33.5 bp −$33	doesn't fit	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
dYdX XAG-USD	0.0000%	1h	66.141	+0.018%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.180	+0.077%	$150.2M	$163.4M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.190	+0.092%	$2K	$2.7M	20x
HTX XAG-USDT	0.0000%	4h	66.210	+0.122%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.190	+0.092%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.106	−0.036%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.158	+0.044%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.104	−0.037%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.410%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	+0.077%	$796K	$3.1M	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	66.612	+0.730%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0048%	1h	66.060	−0.104%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.142	+0.020%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.107	−0.033%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.170	+0.062%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.141	+0.018%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.147	+0.027%	$545K	$25.4M	8.1x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.129	long leg	$471K	$622K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.150	+0.032%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.130	+0.002%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0104%	1h	66.165	+0.054%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.140	+0.017%	$165.9M	$74.1M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.181	+0.078%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0144%	8h	66.177	+0.073%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0145%	4h	66.173	+0.067%	$2.7M	$877K	100x	as long as short
BloFin XAG-USDT	+0.0161%	4h	66.220	+0.138%	$2.6M	$555K	100x	as long as short
Bybit XAGUSDT	+0.0165%	4h	66.190	+0.092%	$27.0M	$36.2M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.164	+0.053%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.169	+0.060%	$48K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	+0.062%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0201%	1h	66.140	+0.017%	$1.3M	$6.4M	10x	as long as short
Variational Omni XAG	+0.0208%	4h	66.193	+0.096%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.170	+0.062%	$110.1M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.180	+0.077%	$192.5M	$701.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.154	+0.038%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0232%	8h	66.170	+0.062%	$27.7M	$65.4M	50x	as long as short
edgeX XAGUSDC	+0.0234%	4h	66.167	+0.057%	$671K	$311K	30x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.170	+0.062%	$23.8M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0280%	4h	66.200	+0.107%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0291%	1h	66.178	+0.074%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.160	+0.047%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.141	+0.018%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0382% / S −0.0422%	1h	66.185	+0.085%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.148	+0.029%	$913K	$678K	25x	as long as short