Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.006%

Price spread now: Pacifica against MEXC−0.100%7-day average −0.040% · you buy dearer than you sell

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

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.100%, 7d avg −0.040%

Together, before fees+0.045%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Pacifica is 0.060% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	66.060	0.0174	pay 0.0087% / 4h	3h 06m	$114.5M	$152.8M	1000x
Short	Pacifica XAG	65.994	0.0100	get 0.0013% / 1h	6m 40s	$469K	$604K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now −0.100%Rate

Funding earned: −$15.54
Price spread: −0.100% → −0.040%: −$5.98
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$29.52
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Pacifica: live order book, 47 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 MEXC live order book, 2 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$76	2.9 bp −$1,436
Sell Pacifica live order book, 47 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
Ondo Perps XAG-USD.P	−0.0053%	1h	65.950	−0.167%	$5.7M	$9.2M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	66.012	−0.073%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.108%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	+0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.030%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.050	−0.015%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.982	−0.118%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.049	−0.017%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.980	−0.121%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.515%	$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	66.020	−0.061%	$794K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0042%	4h	66.060	0.000%	$149.8M	$164.4M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.463	+0.610%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.014	−0.070%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.984	−0.115%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.046	−0.022%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.030	−0.045%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.013	−0.071%	$166.3M	$73.8M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.977	−0.126%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.003	−0.086%	$537K	$26.5M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.051	−0.014%	$1.3M	$4.9M	20x	as long as short
Pacifica XAGshort	+0.0100%	1h	65.994	−0.100%	$469K	$604K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.020	−0.061%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.960	−0.151%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0100%	4h	66.090	+0.045%	$27.8M	$36.5M	150x	as long as short
Lighter XAG	+0.0120%	1h	66.052	−0.012%	$5.2M	$10.9M	25x	as long as short
Aster XAGUSDT	+0.0120%	4h	66.050	−0.015%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0163%	4h	66.003	−0.087%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.036	−0.036%	$47K	—	10x	as long as short
MEXC SILVER_USDTlong	+0.0174%	4h	66.060	long leg	$114.5M	$152.8M	1000x
Binance XAGUSDT	+0.0175%	4h	66.065	+0.008%	$191.0M	$702.6M	100x	as long as short
edgeX XAGUSDC	+0.0182%	4h	66.013	−0.071%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0185%	1h	66.003	−0.087%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0197%	1h	66.013	−0.071%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.030	−0.045%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.028	−0.049%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.121%	$1.8M	$1.0M	20x	as long as short
BloFin XAG-USDT	+0.0224%	4h	66.030	−0.045%	$2.6M	$569K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.050	−0.015%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.060	0.000%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0235%	1h	66.052	−0.013%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	65.980	−0.121%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.055	−0.008%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.023	−0.056%	$911K	$685K	25x	as long as short