Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.006%

Price spread now: Pacifica against Binance−0.134%7-day average −0.068% · you buy dearer than you sell

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

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.134%, 7d avg −0.068%

Together, before fees−0.050%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.067% cheaper against Binance than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.068%). If the spread goes back, that is −$7 on $10k: about 4.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.013% in total) that is about 37 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	65.400	0.0054	pay 0.0027% / 4h	1h 15m	$191.5M	$764.5M	100x
Short	Pacifica XAG	65.312	0.0100	get 0.0013% / 1h	15m 12s	$469K	$628K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.134%Rate

Funding earned: $9.68
Price spread: −0.134% → −0.068%: −$6.66
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$14.98
Costs to cover: 0.180%
Break-even: 17.8 days

Slippage unknown: Binance: live order book, 14 min ago; Pacifica: live order book, 29 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 Binance live order book, 14 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	7.9 bp −$792	18.4 bp −$9,203
Sell Pacifica live order book, 29 min ago	0.08 bp	doesn't fit	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
Ondo Perps XAG-USD.P	−0.0078%	1h	65.260	−0.214%	$5.6M	$9.7M	25x	as long as short
Hibachi XAG/USDT-P	−0.0048%	1h	65.320	−0.122%	$20K	$19K	10x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.335	−0.100%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.306	−0.144%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.420	+0.030%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	−0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.400	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.410	+0.015%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.318	−0.125%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0026%	4h	65.374	−0.041%	$5.5M	$9.4M	—	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0026%	4h	65.400	0.000%	$141.1M	$183.7M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.396	−0.006%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.323	−0.118%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.529%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0036%	4h	65.399	−0.001%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.370	−0.046%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.795	+0.604%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.380	−0.031%	$152K	$2.8M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.352	−0.074%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.330	−0.107%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0052%	1h	65.345	−0.084%	$170.4M	$83.6M	25x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	65.390	−0.015%	$116.6M	$157.6M	1000x	as long as short
Binance XAGUSDTlong	+0.0054%	4h	65.400	long leg	$191.5M	$764.5M	100x
Paradex XAG-USD-PERP	+0.0054%	8h	65.359	−0.063%	$29K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0056%	4h	65.371	−0.044%	$665K	$314K	30x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.386	−0.021%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.319	−0.124%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.379	−0.032%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.350	−0.077%	$493K	$31.2M	8.1x	as long as short
Pacifica XAGshort	+0.0100%	1h	65.312	−0.134%	$469K	$628K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.360	−0.061%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.320	−0.122%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0118%	4h	65.365	−0.053%	$391K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	−0.168%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0137%	1h	65.333	−0.103%	$1.2M	$5.1M	10x	as long as short
Lighter XAG	+0.0152%	1h	65.402	+0.003%	$5.3M	$11.6M	25x	as long as short
Bitget XAGUSDT	+0.0172%	4h	65.420	+0.030%	$23.7M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.420	+0.030%	$28.0M	$71.1M	50x	as long as short
Bullet SILVER-USD	+0.0189%	1h	65.409	+0.014%	$44K	$76K	10x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.340	−0.092%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0216%	4h	65.400	0.000%	$2.6M	$601K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.385	−0.023%	$93K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0362%	1h	65.390	−0.015%	$65K	$381K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.356	−0.067%	$916K	$746K	25x	as long as short