Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h +0.009%

Price spread now: edgeX against Pacifica−0.001%52s7-day average +0.056% · you buy dearer than you sell

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

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.001%, 7d avg +0.056%

Together, before fees+0.109%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.056% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.056%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	65.327	0.0100	pay 0.0013% / 1h	26m 33s	$467K	$624K	10x
Short	edgeX XAGUSDC	65.326	0.0082	get 0.0041% / 4h	1h 26m	$665K	$312K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$3.71
Price spread: −0.001% → +0.056%: −$5.64
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$26.35
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 17 min ago; edgeX: live order book, 17 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, 17 min ago	0.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 17 min ago	2.29 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.4 bp −$10.7K

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
Hibachi XAG/USDT-P	−0.0176%	1h	65.292	−0.053%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0088%	1h	65.260	−0.102%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.048%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.390	+0.097%	$27.9M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.380	+0.082%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.390	+0.097%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.380	+0.082%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.281	−0.070%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.400	+0.112%	$141.1M	$182.4M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.386	+0.091%	$4.6M	$9.8M	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	65.324	−0.005%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.643%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.347	+0.030%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	+0.005%	$786K	$2.9M	40x	as long as short
Variational Omni XAG	+0.0043%	4h	65.344	+0.026%	$5.5M	$9.4M	—	as long as short
Vest SI-PERP	+0.0046%	1h	65.785	+0.702%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.380	+0.082%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.345	+0.028%	$170.4M	$83.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.330	+0.005%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.292	−0.053%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.370	+0.067%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.377	+0.078%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.313	−0.021%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0062%	4h	65.370	+0.066%	$116.0M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0062%	4h	65.382	+0.084%	$191.0M	$763.3M	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.351	+0.037%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.320	−0.010%	$487K	$30.8M	8.1x	as long as short
edgeX XAGUSDCshort	+0.0082%	4h	65.326	−0.001%	$665K	$312K	30x
Hotstuff SILVER-PERP	+0.0096%	1h	65.319	−0.012%	$35K	$21K	20x	as long as short
Pacifica XAGlong	+0.0100%	1h	65.327	long leg	$467K	$624K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.340	+0.020%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.290	−0.056%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0114%	4h	65.360	+0.051%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.082%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0130%	1h	65.314	−0.020%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.393	+0.102%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDT	+0.0176%	4h	65.390	+0.097%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0178%	1h	65.370	+0.066%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0184%	8h	65.390	+0.097%	$28.0M	$70.7M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	+0.005%	$65K	$378K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.330	+0.006%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0255%	4h	65.350	+0.036%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.365	+0.059%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.332	+0.008%	$915K	$746K	25x	as long as short