Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.010%

Price spread now: Pacifica against Bybit−0.084%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 Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.084%, 7d avg −0.068%

Together, before fees−0.014%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.068%, 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	Bybit XAGUSDT	66.440	0	get 0.0000% / 4h	39m 21s	$25.9M	$33.7M	150x
Short	Pacifica XAG	66.384	0.0100	get 0.0013% / 1h	39m 21s	$475K	$612K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now −0.084%Rate

Funding earned: $21
Price spread: −0.084% → −0.068%: −$1.59
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $0.41
Costs to cover: 0.190%
Break-even: 6.9 days

Slippage unknown: Bybit: live order book, 4 min ago; Pacifica: live order book, 39 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 Bybit live order book, 4 min ago	0.75 bp	6.4 bp −$6	9.8 bp −$98	16.3 bp −$1,626	66.3 bp −$33.2K
Sell Pacifica live order book, 39 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
dYdX XAG-USD	0.0000%	1h	66.370	−0.106%	$15K	—	5x	as long as short
Bybit XAGUSDTlong	0.0000%	4h	66.440	long leg	$25.9M	$33.7M	150x
Gate XAG_USDT	0.0000%	4h	66.420	−0.030%	$147.1M	$170.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.470	+0.045%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.500	+0.090%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.470	+0.045%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.361	−0.120%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.401	−0.059%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.422	−0.027%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.369	−0.106%	$5.5M	$12.3M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.060%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.418	−0.033%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	−0.045%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.872	+0.650%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.399	−0.062%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.374	−0.099%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.360	−0.120%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.413	−0.041%	$589K	$21.2M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.430	−0.015%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.391	−0.074%	$165.4M	$86.8M	25x	as long as short
BloFin XAG-USDT	+0.0082%	4h	66.460	+0.030%	$2.6M	$650K	100x	as long as short
Variational Omni XAG	+0.0090%	4h	66.457	+0.025%	$5.6M	$10.1M	—	as long as short
Aster XAGUSDT	+0.0093%	4h	66.437	−0.004%	$2.8M	$1.1M	100x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.384	−0.084%	$475K	$612K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.400	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.410	−0.045%	$126K	$26K	50x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.420	−0.030%	$114.4M	$152.9M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0103%	8h	66.419	−0.031%	$30K	$1K	5x	as long as short
Binance XAGUSDT	+0.0104%	4h	66.430	−0.015%	$191.8M	$721.8M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.441	+0.001%	$48K	—	10x	as long as short
Lighter XAG	+0.0112%	1h	66.420	−0.031%	$5.2M	$10.3M	25x	as long as short
edgeX XAGUSDC	+0.0114%	4h	66.457	+0.025%	$674K	$314K	30x	as long as short
Bitget XAGUSDT	+0.0122%	4h	66.440	0.000%	$24.2M	$47.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0150%	1h	66.414	−0.039%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0158%	4h	66.470	+0.045%	$395K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.420	−0.030%	$1.9M	$848K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.430	−0.015%	$27.6M	$66.1M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.436	−0.006%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0246%	1h	66.432	−0.012%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0253%	1h	66.374	−0.100%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.435	−0.008%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.409	−0.046%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.430	−0.015%	$50K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.420	−0.030%	$768K	$566K	25x	as long as short