Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0151%/8h= −16.6% APRpaid last 24h −0.003%

Price spread now: Pacifica against BloFin−0.115%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$23 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.115%, 7d avg −0.071%

Together, before fees+0.173%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Pacifica is 0.044% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.071%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.225%, 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	BloFin XAG-USDT	66.160	0.0251	pay 0.0126% / 4h	37m 07s	$2.6M	$554K	100x
Short	Pacifica XAG	66.084	0.0100	get 0.0013% / 1h	37m 07s	$470K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.115%Rate

Funding earned: −$31.74
Price spread: −0.115% → −0.071%: −$4.41
Slippage, 4 orders: −$7.16
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$63.31
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Pacifica: live order book, 22 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 BloFin live order book, 6 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	10.4 bp −$1,041	18.4 bp −$9,198
Sell Pacifica live order book, 22 min ago	0.08 bp	5.7 bp −$6	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	66.085	−0.113%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.170	+0.015%	$150.2M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.170	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	−0.015%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.160	0.000%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.060	−0.151%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.141	−0.029%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.059	−0.152%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.363%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	−0.015%	$796K	$3.0M	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	66.560	+0.605%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.094	−0.100%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.060	−0.151%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.010	−0.227%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.120	−0.060%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.074	−0.130%	$56K	$26K	25x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.125	−0.053%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0068%	24h	66.097	−0.095%	$515K	$25.5M	8.1x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.084	−0.115%	$470K	$619K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.076%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.151%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0133%	1h	66.115	−0.068%	$165.5M	$73.8M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.130	−0.045%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0145%	4h	66.143	−0.025%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0151%	4h	66.170	+0.015%	$27.0M	$36.1M	150x	as long as short
Paradex XAG-USD-PERP	+0.0152%	8h	66.141	−0.028%	$30K	$1K	5x	as long as short
Nado XAG-PERP	+0.0191%	1h	66.101	−0.089%	$1.3M	$6.5M	10x	as long as short
Lighter XAG	+0.0200%	1h	66.151	−0.013%	$5.2M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.127	−0.050%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	−0.045%	$1.8M	$999K	20x	as long as short
Variational Omni XAG	+0.0202%	4h	66.133	−0.041%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0216%	4h	66.140	−0.030%	$109.2M	$152.4M	1000x	as long as short
Binance XAGUSDT	+0.0218%	4h	66.151	−0.014%	$192.9M	$701.1M	100x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.109	−0.076%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.160	0.000%	$27.8M	$65.5M	50x	as long as short
edgeX XAGUSDC	+0.0231%	4h	66.127	−0.050%	$671K	$311K	30x	as long as short
BloFin XAG-USDTlong	+0.0251%	4h	66.160	long leg	$2.6M	$554K	100x
Bitget XAGUSDT	+0.0258%	4h	66.150	−0.015%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0280%	4h	66.144	−0.024%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0312%	1h	66.133	−0.041%	$45K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.110	−0.076%	$62K	$348K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.117	−0.065%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0374% / S −0.0408%	1h	66.135	−0.038%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.104	−0.085%	$912K	$676K	25x	as long as short