Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.036%

Price spread now: Pacifica against Bitget−0.108%7-day average −0.064% · you buy dearer than you sell

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

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.108%, 7d avg −0.064%

Together, before fees−0.015%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Pacifica is 0.044% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	65.420	0.0186	pay 0.0093% / 4h	1h 46m	$23.8M	$46.6M	100x
Short	Pacifica XAG	65.349	0.0100	get 0.0013% / 1h	46m 29s	$467K	$627K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now −0.108%Rate

Funding earned: −$18.06
Price spread: −0.108% → −0.064%: −$4.37
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$42.43
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Pacifica: live order book, 62 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 Bitget live order book, 2 min ago	0.76 bp	8.3 bp −$8	9.5 bp −$95	16.6 bp −$1,660	45.2 bp −$22.6K
Sell Pacifica live order book, 62 min ago	0.23 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
Hibachi XAG/USDT-P	−0.0120%	1h	65.338	−0.125%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0082%	1h	65.280	−0.214%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.338	−0.125%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.400	−0.031%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.450	+0.046%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.410	−0.015%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.333	−0.133%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0028%	4h	65.430	+0.015%	$28.5M	$39.7M	150x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.430	+0.015%	$141.4M	$180.1M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.402	−0.028%	$4.6M	$9.7M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.354	−0.101%	$5.1M	$11.6M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	65.368	−0.079%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.498%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.380	−0.061%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.829	+0.625%	—	—	25x	as long as short
Aster XAGUSDT	+0.0047%	4h	65.380	−0.061%	$2.7M	$966K	100x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.400	−0.031%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.367	−0.081%	$170.3M	$83.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.375	−0.069%	$3.9M	$716K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.330	−0.138%	$3K	$6K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.360	−0.092%	$65K	$372K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.386	−0.052%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.414	−0.009%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.337	−0.127%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.344	−0.116%	$510K	$30.0M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	65.400	−0.030%	$5.4M	$11.3M	25x	as long as short
MEXC SILVER_USDT	+0.0082%	4h	65.410	−0.015%	$114.6M	$156.8M	1000x	as long as short
Binance XAGUSDT	+0.0082%	4h	65.414	−0.008%	$189.4M	$762.2M	100x	as long as short
Variational Omni XAG	+0.0084%	4h	65.404	−0.024%	$5.5M	$9.4M	—	as long as short
Aevo XAG-PERP	+0.0096%	1h	65.364	−0.085%	$47K	—	10x	as long as short
Pacifica XAGshort	+0.0100%	1h	65.349	−0.108%	$467K	$627K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.370	−0.076%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.430	+0.015%	$112K	$19K	50x	as long as short
edgeX XAGUSDC	+0.0101%	4h	65.447	+0.041%	$666K	$313K	30x	as long as short
Nado XAG-PERP	+0.0102%	1h	65.375	−0.068%	$1.2M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	−0.061%	$1.6M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.425	+0.008%	$384K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0134%	1h	65.391	−0.044%	$44K	$76K	10x	as long as short
Bitget XAGUSDTlong	+0.0186%	4h	65.420	long leg	$23.8M	$46.6M	100x
OKX XAG-USDT-SWAP	+0.0192%	8h	65.420	0.000%	$27.8M	$71.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.429	+0.014%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.395	−0.038%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0323%	4h	65.400	−0.031%	$2.6M	$617K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.346	−0.113%	$916K	$746K	25x	as long as short