Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h −0.005%

Price spread now: Pacifica against Binance−0.086%7-day average −0.063% · you buy dearer than you sell

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

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 2 days (all we have)+0.032%+$3 · spread now −0.086%, 7d avg −0.063%

Together, before fees+0.044%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.023% cheaper against Binance than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.063%). If the spread goes back, that is −$2 on $10k: about 31 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.013% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.209	0.0041	pay 0.0021% / 4h	1h 47m	$189.3M	$760.4M	100x
Short	Pacifica XAG	66.152	0.0100	get 0.0013% / 1h	47m 32s	$474K	$641K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.086%Rate

Funding earned: $12.37
Price spread: −0.086% → −0.063%: −$2.3
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$7.93
Costs to cover: 0.180%
Break-even: 11.5 days

Slippage unknown: Binance: live order book, 11 min ago; Pacifica: live order book, 36 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 Binance live order book, 11 min ago	0.76 bp	5.8 bp −$6	6.1 bp −$61	12.0 bp −$1,195	28.2 bp −$14.1K
Sell Pacifica live order book, 36 min ago	0.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

XAG on 43 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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.168	−0.062%	$777K	$591K	25x	as long as short
Hotstuff SILVER-PERP	−0.0072%	1h	66.161	−0.072%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.132%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.210	+0.002%	$25.5M	$34.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.209	0.000%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	−0.028%	$146.4M	$171.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	−0.028%	$2K	$3.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.220	+0.017%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	+0.002%	$1.5M	$247K	100x	as long as short
Bitget XAGUSDT	+0.0002%	4h	66.220	+0.017%	$23.7M	$48.6M	100x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.131	−0.118%	$120K	—	10x	as long as short
Aster XAGUSDT	+0.0005%	4h	66.200	−0.014%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0008%	4h	66.209	0.000%	$395K	$1.6M	25x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.190	−0.028%	$144K	$2.8M	20x	as long as short
Variational Omni XAG	+0.0031%	4h	66.189	−0.029%	$5.4M	$10.7M	—	as long as short
Lighter XAG	+0.0032%	1h	66.177	−0.049%	$5.2M	$10.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.174	−0.052%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.147	−0.093%	$5.5M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.289%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	66.200	−0.013%	$116.6M	$181.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	66.160	−0.074%	$792K	$2.8M	40x	as long as short
Binance XAGUSDTlong	+0.0041%	4h	66.209	long leg	$189.3M	$760.4M	100x
Vest SI-PERP	+0.0046%	1h	66.640	+0.651%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.160	−0.074%	$164.0M	$91.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.176	−0.050%	$3.9M	$715K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.131	−0.118%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.120	−0.134%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0054%	24h	66.149	−0.090%	$589K	$21.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0056%	1h	66.188	−0.032%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0056%	4h	66.191	−0.027%	$671K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0068%	4h	66.180	−0.044%	$2.5M	$1.2M	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.148	−0.092%	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	+0.0075%	1h	66.151	−0.088%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0090%	8h	66.186	−0.034%	$30K	$1K	5x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.152	−0.086%	$474K	$641K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.059%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	−0.089%	$113K	$51K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.180	−0.044%	$1.9M	$886K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0140%	8h	66.210	+0.002%	$27.2M	$67.5M	50x	as long as short
Nado XAG-PERP	+0.0150%	1h	66.151	−0.087%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0175%	1h	66.213	+0.007%	$45K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.195	−0.021%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0808%	1h	66.210	+0.002%	$60K	$357K	20x	as long as short