Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.010%
Price spread now: Pacifica against Bybit−0.185%48s7-day average −0.068% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.185%, 7d avg −0.068%
Together, before fees+0.096%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.117% cheaper against Bybit than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of −0.068%). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.035% in total) that is about 24 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAGUSDT66.8700get 0.0000% / 4h3h 49m$26.2M$35.3M150x
ShortPacifica XAG66.7460.0100get 0.0013% / 1h49m 53s$482K$624K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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

Funding earned
$21
Price spread: −0.185% → −0.068%
−$11.69
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$9.69
Costs to cover
0.190%
Break-even
10.2 days
Slippage unknown: Bybit: live order book, 4 min ago; Pacifica: live order book, 24 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.75 bp6.2 bp −$69.4 bp −$9418.7 bp −$1,86860.9 bp −$30.5K
Sell Pacifica live order book, 24 min ago0.08 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h66.742−0.191%$15K5xas long as short
Bybit XAGUSDTlong0.0000%4h66.870long leg$26.2M$35.3M150x
Gate XAG_USDT0.0000%4h66.8700.000%$155.7M$165.6M100xas long as short
SunX XAG-USDT0.0000%4h66.830−0.060%$2K$3.0M20xas long as short
HTX XAG-USDT0.0000%4h66.860−0.015%$1.1M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.800−0.105%$1.5M$251K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.769−0.151%$121K250xas long as short
Lighter RH XAG+0.0032%1h66.827−0.064%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h66.792−0.117%$5.4M$13.2M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400−0.703%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h66.750−0.179%$803K$2.7M40xas long as short
Vest SI-PERP+0.0046%1h67.247+0.564%25xas long as short
Hotstuff SILVER-PERP+0.0048%1h66.744−0.188%$36K$21K20xas long as short
Phoenix SILVER+0.0048%1h66.759−0.166%$57K$26K25xas long as short
tradeXYZ xyz:SILVER+0.0050%1h66.824−0.069%$166.4M$86.0M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.770−0.150%$3.9M$700K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.766−0.156%$4K$5K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.680−0.284%$5.7M$9.8M25xas long as short
QFEX SILVER-USD+0.0051%1h66.780−0.135%$115K$2.8M20xas long as short
Kalshi KXSILVERPERP+0.0060%24h66.764−0.159%$570K$21.8M8.1xas long as short
Lighter XAG+0.0088%1h66.855−0.022%$5.4M$10.4M25xas long as short
Paradex XAG-USD-PERP+0.0091%8h66.786−0.125%$30K$1K5xas long as short
Variational Omni XAG+0.0091%4h66.775−0.143%$5.7M$9.9Mas long as short
Pacifica XAGshort+0.0100%1h66.746−0.185%$482K$624K10x
KuCoin XAGUSDTM+0.0100%4h66.810−0.090%$24.7M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.750−0.179%$127K$26K50xas long as short
Aster XAGUSDT+0.0105%4h66.860−0.015%$2.8M$1.1M100xas long as short
Binance XAGUSDT+0.0108%4h66.850−0.030%$192.4M$726.0M100xas long as short
MEXC SILVER_USDT+0.0108%4h66.860−0.015%$116.4M$155.6M1000xas long as short
Aevo XAG-PERP+0.0112%1h66.772−0.147%$48K10xas long as short
edgeX XAGUSDC+0.0115%4h66.802−0.102%$678K$314K30xas long as short
Nado XAG-PERP+0.0133%1h66.758−0.167%$1.3M$6.5M10xas long as short
BloFin XAG-USDT+0.0141%4h66.780−0.135%$2.6M$669K100xas long as short
RISEx XAG/USDC+0.0148%1h66.803−0.101%$1.3M$4.2M20xas long as short
Bitget XAGUSDT+0.0166%4h66.860−0.015%$24.8M$48.7M100xas long as short
Aftermath Perps XAGUSD+0.0177%1h66.750−0.179%$80K$40K10xas long as short
Coinbase International SILVER-PERP-INTX+0.0184%1h66.780−0.135%$1.9M$966K20xas long as short
Bullet SILVER-USD+0.0188%1h66.822−0.072%$45K$76K10xas long as short
OKX XAG-USDT-SWAP+0.0190%8h66.840−0.045%$28.2M$67.6M50xas long as short
Hibachi XAG/USDT-P+0.0232%1h66.752−0.177%$20K$22K10xas long as short
GRVT XAG_USDT_Perp+0.0274%4h66.790−0.120%$397K$1.5M25xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0291% / S −0.0281%1h66.825−0.067%$104K111xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0349%1h66.820−0.075%$51K$344K20xas long as short
Kraken Futures PF_XAGUSD+0.0487%1h66.785−0.127%$767K$589K25xas long as short