Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0020%/8hpaid last 24h +0.019%

Price spread now: MEXC against Pacifica+0.035%45s7-day average +0.038% · you sell dearer than you buy

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

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.035%, 7d avg +0.038%

Together, before fees+0.028%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 45 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	66.217	0.0100	pay 0.0013% / 1h	21m 55s	$474K	$701K	10x
Short	MEXC SILVER_USDT	66.240	0.0120	get 0.0060% / 4h	21m 55s	$123.9M	$188.0M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.035%Rate

Funding earned: $4.2
Price spread: +0.035% → +0.038%: −$0.24
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$4.04
Costs to cover: 0.080%
Break-even: 13.7 days

Slippage unknown: Pacifica: live order book, 11 min ago; MEXC: live order book, 2 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, 11 min ago	0.61 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	3.2 bp −$1,610

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
Ondo Perps XAG-USD.P	−0.0062%	1h	66.150	−0.101%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.222	+0.007%	$15K	$997	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.232	+0.023%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.250	+0.050%	$133.4M	$192.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.260	+0.065%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.300	+0.126%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.260	+0.065%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.210	−0.010%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.240	+0.035%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.189	−0.042%	$5.4M	$14.9M	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	+0.277%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.228	+0.017%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.238	+0.032%	$691K	$21.6M	8.1x	as long as short
StandX XAG-USD	+0.0040%	1h	66.190	−0.040%	$700K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.716	+0.754%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.223	+0.009%	$161.8M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.231	+0.022%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.205	−0.018%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.250	+0.050%	$134K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0063%	4h	66.230	+0.020%	$2.6M	$1.4M	100x	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	66.260	+0.065%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0096%	4h	66.258	+0.062%	$2.8M	$1.2M	100x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.217	long leg	$474K	$701K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.200	−0.025%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.010%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.242	+0.038%	$5.5M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	−0.003%	$5.6M	$12.6M	—	as long as short
MEXC SILVER_USDTshort	+0.0120%	4h	66.240	+0.035%	$123.9M	$188.0M	1000x
Aevo XAG-PERP	+0.0120%	1h	66.263	+0.070%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.246	+0.044%	$191.8M	$787.6M	100x	as long as short
edgeX XAGUSDC	+0.0140%	4h	66.232	+0.023%	$670K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0156%	4h	66.250	+0.050%	$25.2M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.270	+0.080%	$1.4M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	66.218	+0.003%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	66.250	+0.050%	$27.4M	$67.8M	50x	as long as short
Bullet SILVER-USD	+0.0174%	1h	66.273	+0.084%	$45K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0180%	1h	66.188	−0.044%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.267%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0203%	1h	66.250	+0.050%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0214%	4h	66.260	+0.065%	$398K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.202	−0.023%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0277% / S −0.0261%	1h	66.265	+0.073%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.240	+0.035%	$23.4M	$50.7M	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.238	+0.033%	$779K	$644K	25x	as long as short