Funding you earn now, next payment 11:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h −0.009%
Price spread now: tradeXYZ against Pacifica+0.039%7-day average +0.005% · 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−$27as in the Price arb table
costs, in and out, $10k−$310.305% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.039%, 7d avg +0.005%
=Together, before fees+0.056%+ Points / potential airdropPacifica: Active · tradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.034% dearer against Pacifica than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of +0.005%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica XAG | 65.571 | 0.0100 | pay 0.0013% / 1h | 46m 38s | $467K | $567K | 10x |
| Short | tradeXYZ xyz:SILVER | 65.597 | 0.0057 | get 0.0007% / 1h | 46m 38s | $174.4M | $94.1M | 25x |
Pacifica XAG
tradeXYZ xyz:SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.94
- Price spread: +0.039% → +0.005%
- $3.37
- Slippage, 4 orders
- −$4.52
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$36.09
- Costs to cover
- 0.305%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 65 min ago; tradeXYZ: 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, 65 min ago | 1.30 bp | 5.5 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.53 bp | 9.5 bp −$10 | 9.8 bp −$98 | doesn't fit | doesn't fit |
XAG on 44 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −1.5176% | 1h | 65.532 | −0.060% | $36K | $23K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.598 | +0.040% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.640 | +0.105% | $138.3M | $204.4M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.660 | +0.135% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.670 | +0.150% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.680 | +0.166% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.605 | +0.051% | $119K | — | 250x | as long as short |
| Ondo Perps XAG-USD.P | +0.0004% | 1h | 65.530 | −0.063% | $5.7M | $11.0M | 25x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.620 | +0.074% | $4.6M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.570 | −0.002% | $5.1M | $11.8M | 10x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Ondo Perps XAG-USD.P
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.478% | $11K | $240 | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.680 | +0.166% | $790K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.076 | +0.770% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.606 | +0.053% | $3.8M | $893K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.588 | +0.025% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.640 | +0.105% | $447K | $1.4M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 65.608 | +0.055% | $29K | $166 | 5x | as long as short |
| tradeXYZ xyz:SILVERshort | +0.0057% | 1h | 65.597 | +0.039% | $174.4M | $94.1M | 25x | |
| Variational Omni XAG | +0.0086% | 4h | 65.668 | +0.148% | $5.7M | $9.1M | — | as long as short |
| Kalshi KXSILVERPERP | +0.0100% | 24h | 65.635 | +0.097% | $719K | $38.7M | 8.1x | as long as short |
| Pacifica XAGlong | +0.0100% | 1h | 65.571 | long leg | $467K | $567K | 10x | |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.600 | +0.044% | $25.4M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.630 | +0.089% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.690 | +0.181% | $1.6M | $1.9M | 20x | as long as short |
| Aster XAGUSDT | +0.0107% | 4h | 65.630 | +0.089% | $2.7M | $1.1M | 100x | as long as short |
| Binance XAGUSDT | +0.0109% | 4h | 65.630 | +0.089% | $191.3M | $863.8M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0110% | 4h | 65.620 | +0.074% | $122.4M | $163.0M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0112% | 1h | 65.640 | +0.104% | $47K | — | 10x | as long as short |
| RISEx XAG/USDC | +0.0116% | 1h | 65.620 | +0.074% | $1.2M | $4.9M | 20x | as long as short |
| edgeX XAGUSDC | +0.0118% | 4h | 65.679 | +0.164% | $669K | $314K | 30x | as long as short |
| Bybit XAGUSDT | +0.0120% | 4h | 65.640 | +0.105% | $30.6M | $48.2M | 150x | as long as short |
| Phoenix SILVER | +0.0122% | 1h | 65.626 | +0.083% | $55K | $14K | 25x | as long as short |
| GRVT XAG_USDT_Perp | +0.0132% | 4h | 65.670 | +0.150% | $396K | $1.5M | 25x | as long as short |
| Nado XAG-PERP | +0.0142% | 1h | 65.607 | +0.055% | $1.2M | $3.6M | 10x | as long as short |
| Lighter XAG | +0.0144% | 1h | 65.623 | +0.079% | $5.1M | $11.6M | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0207% | 1h | 65.630 | +0.089% | $77K | $414K | 20x | as long as short |
| Bullet SILVER-USD | +0.0208% | 1h | 65.655 | +0.128% | $44K | $73K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0212% | 8h | 65.630 | +0.089% | $28.0M | $85.7M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0216% | 1h | 65.644 | +0.110% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0242% | 4h | 65.620 | +0.074% | $23.2M | $52.8M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 65.640 | +0.105% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0270% / S −0.0238% | 1h | 65.655 | +0.128% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0350% | 4h | 65.680 | +0.166% | $2.7M | $772K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0548% | 1h | 65.617 | +0.069% | $1.0M | $943K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
Variational Omni XAG
Kalshi KXSILVERPERP
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
Aster XAGUSDT
Binance XAGUSDT
MEXC SILVER_USDT
Aevo XAG-PERP
RISEx XAG/USDC
edgeX XAGUSDC
Bybit XAGUSDT
Phoenix SILVER
GRVT XAG_USDT_Perp
Nado XAG-PERP
Lighter XAG
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD