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 −0.030%

Price spread now: HTX against Pacifica+0.168%7-day average +0.114% · you sell dearer than you buy

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

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.168%, 7d avg +0.114%

Together, before fees−0.107%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.055% dearer against Pacifica than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.114%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 7 days (−0.077% in total) that is about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	66.548	0.0100	pay 0.0013% / 1h	12m 27s	$481K	$618K	10x
Short	HTX XAG-USDT	66.660	0	get 0.0000% / 4h	12m 27s	$1.1M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.168%Rate

Funding earned: −$21
Price spread: +0.168% → +0.114%: $5.46
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.54
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 66 min ago; HTX: live order book, 6 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, 66 min ago	0.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 6 min ago	3.00 bp	9.9 bp −$10	10.4 bp −$104	13.0 bp −$1,299	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	66.560	+0.018%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.630	+0.123%	$26.5M	$34.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.620	+0.108%	$156.0M	$174.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.630	+0.123%	$2K	$3.0M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.660	+0.168%	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.620	+0.108%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.540	−0.012%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.588	+0.059%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.541	−0.011%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.222%	$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
Phoenix SILVER	+0.0036%	1h	66.596	+0.072%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.570	+0.033%	$797K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.050	+0.754%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.575	+0.041%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.550	+0.003%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.510	−0.057%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.584	+0.054%	$581K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.590	+0.063%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.568	+0.030%	$165.9M	$87.0M	25x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	66.584	+0.054%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	+0.0089%	4h	66.600	+0.078%	$2.6M	$652K	100x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.548	long leg	$481K	$618K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.560	+0.018%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.590	+0.063%	$127K	$26K	50x	as long as short
Variational Omni XAG	+0.0103%	4h	66.615	+0.101%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0106%	8h	66.595	+0.071%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.608	+0.090%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.591	+0.064%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.612	+0.096%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.600	+0.078%	$115.5M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.610	+0.093%	$191.8M	$723.1M	100x	as long as short
edgeX XAGUSDC	+0.0130%	4h	66.608	+0.090%	$676K	$316K	30x	as long as short
Bitget XAGUSDT	+0.0158%	4h	66.620	+0.108%	$24.4M	$48.2M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.610	+0.093%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0172%	1h	66.576	+0.043%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.634	+0.130%	$401K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0198%	8h	66.620	+0.108%	$28.0M	$66.8M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.611	+0.095%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.614	+0.099%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0255%	1h	66.552	+0.005%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.571	+0.035%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.625	+0.116%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.600	+0.078%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.588	+0.060%	$764K	$588K	25x	as long as short