Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.002%

Price spread now: Binance against Pacifica+0.062%7-day average +0.064% · you sell dearer than you buy

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

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 2 days (all we have)−0.003%$0 · spread now +0.062%, 7d avg +0.064%

Together, before fees−0.019%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	66.504	0.0100	pay 0.0013% / 1h	1m 13s	$474K	$619K	10x
Short	Binance XAGUSDT	66.545	0.0122	get 0.0061% / 4h	3h 01m	$193.5M	$716.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.062%Rate

Funding earned: $4.69
Price spread: +0.062% → +0.064%: −$0.26
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.57
Costs to cover: 0.180%
Break-even: 27.2 days

Slippage unknown: Pacifica: live order book, 8 min ago; Binance: live order book, 13 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 Pacifica live order book, 8 min ago	0.08 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	9.2 bp −$917	23.4 bp −$11.7K

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	66.529	+0.038%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.560	+0.084%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	+0.084%	$155.5M	$169.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	+0.084%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.590	+0.129%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.069%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.489	−0.023%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.521	+0.026%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.483	−0.031%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.156%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.590	+0.129%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.989	+0.729%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.514	+0.015%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	+0.005%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.522	+0.027%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.475	−0.044%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.081%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	+0.054%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.519	+0.023%	$566K	$21.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.513	+0.014%	$165.8M	$84.7M	25x	as long as short
Aster XAGUSDT	+0.0098%	4h	66.557	+0.080%	$2.8M	$1.0M	100x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.504	long leg	$474K	$619K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.520	+0.024%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.039%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.059%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.546	+0.062%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.550	+0.069%	$108.8M	$161.4M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.541	+0.056%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0122%	4h	66.590	+0.129%	$2.6M	$683K	100x	as long as short
Binance XAGUSDTshort	+0.0122%	4h	66.545	+0.062%	$193.5M	$716.8M	100x
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.072%	$675K	$315K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.528	+0.037%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.556	+0.079%	$1.3M	$4.2M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	+0.039%	$1.9M	$935K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.506	+0.003%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.082%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.550	+0.069%	$28.0M	$66.8M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.540	+0.054%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	66.536	+0.049%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.564	+0.090%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.531	+0.040%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.555	+0.077%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.530	+0.039%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.520	+0.024%	$765K	$564K	25x	as long as short