Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.006%

Price spread now: Pacifica against edgeX−0.072%7-day average −0.055% · you buy dearer than you sell

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

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.072%, 7d avg −0.055%

Together, before fees−0.032%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.552	0.0123	pay 0.0061% / 4h	3h 01m	$675K	$315K	30x
Short	Pacifica XAG	66.504	0.0100	get 0.0013% / 1h	1m 26s	$474K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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 edgeXbpFee PacificabpOrdersPrice spread, now −0.072%Rate

Funding earned: −$4.8
Price spread: −0.072% → −0.055%: −$1.76
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.56
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 7 min ago; Pacifica: live order book, 7 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 edgeX live order book, 7 min ago	2.25 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$916	20.8 bp −$10.4K
Sell Pacifica live order book, 7 min ago	0.08 bp	doesn't fit	doesn't fit	doesn't fit	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	66.529	−0.034%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.560	+0.012%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	+0.012%	$155.5M	$169.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.610	+0.087%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.610	+0.087%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.590	+0.057%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.489	−0.095%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.543	−0.014%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.494	−0.088%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.229%	$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
StandX XAG-USD	+0.0040%	1h	66.590	+0.057%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.989	+0.656%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.514	−0.057%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	−0.068%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.522	−0.045%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.517	−0.053%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.154%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	−0.018%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.529	−0.035%	$566K	$21.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.513	−0.059%	$165.8M	$84.7M	25x	as long as short
Aster XAGUSDT	+0.0098%	4h	66.557	+0.008%	$2.8M	$1.0M	100x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.504	−0.072%	$474K	$619K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.520	−0.048%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	−0.033%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0102%	4h	66.563	+0.016%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.546	−0.010%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.550	−0.003%	$108.8M	$161.4M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.583	+0.046%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.547	−0.008%	$193.5M	$716.8M	100x	as long as short
edgeX XAGUSDClong	+0.0123%	4h	66.552	long leg	$675K	$315K	30x
Lighter XAG	+0.0128%	1h	66.549	−0.005%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.556	+0.006%	$1.3M	$4.2M	20x	as long as short
BloFin XAG-USDT	+0.0158%	4h	66.550	−0.003%	$2.6M	$695K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	−0.033%	$1.9M	$934K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.506	−0.070%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.010%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.560	+0.012%	$28.0M	$66.8M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.560	+0.012%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	66.536	−0.024%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.564	+0.017%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.531	−0.032%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.555	+0.004%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.580	+0.042%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.560	+0.012%	$765K	$564K	25x	as long as short