Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h −0.010%

Price spread now: Bybit against Pacifica+0.081%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Pacifica Short on Bybit

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)+0.068%+$7 · spread now +0.081%, 7d avg +0.072%

Together, before fees+0.034%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.072%, 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	Pacifica XAG	65.617	0.0100	pay 0.0013% / 1h	50m 59s	$467K	$570K	10x
Short	Bybit XAGUSDT	65.670	0.0137	get 0.0068% / 4h	1h 50m	$30.6M	$48.2M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.081%Rate

Funding earned: $7.67
Price spread: +0.081% → +0.072%: $0.85
Slippage, 4 orders: −$6.28
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$16.76
Costs to cover: 0.253%
Break-even: 22.3 days

Slippage from Pacifica: live order book, 61 min ago; Bybit: live order book, 1 min ago.

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, 61 min ago	1.30 bp	5.5 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.76 bp	6.3 bp −$6	7.8 bp −$78	17.8 bp −$1,776	74.3 bp −$37.2K

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−1.5176%	1h	65.532	−0.130%	$36K	$23K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.651	+0.052%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.690	+0.111%	$138.6M	$204.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.680	+0.096%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.700	+0.126%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	+0.111%	$1.5M	$251K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0002%	1h	65.580	−0.056%	$5.7M	$11.0M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.658	+0.062%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.666	+0.075%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.605	−0.018%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.547%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.690	+0.111%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.115	+0.759%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.656	+0.059%	$3.8M	$893K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.611	−0.009%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.670	+0.081%	$447K	$1.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	65.633	+0.024%	$174.5M	$94.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.658	+0.062%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0096%	4h	65.678	+0.093%	$5.7M	$9.1M	—	as long as short
Kalshi KXSILVERPERP	+0.0099%	24h	65.690	+0.111%	$720K	$38.7M	8.1x	as long as short
Pacifica XAGlong	+0.0100%	1h	65.617	long leg	$467K	$570K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.640	+0.035%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.670	+0.081%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	+0.111%	$1.6M	$1.9M	20x	as long as short
Aster XAGUSDT	+0.0111%	4h	65.671	+0.082%	$2.7M	$1.1M	100x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.668	+0.077%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0113%	4h	65.667	+0.076%	$191.8M	$864.7M	100x	as long as short
MEXC SILVER_USDT	+0.0114%	4h	65.650	+0.050%	$122.0M	$162.8M	1000x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.689	+0.110%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0122%	1h	65.676	+0.090%	$55K	$14K	25x	as long as short
Bybit XAGUSDTshort	+0.0137%	4h	65.670	+0.081%	$30.6M	$48.2M	150x
edgeX XAGUSDC	+0.0138%	4h	65.690	+0.111%	$669K	$314K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0140%	4h	65.730	+0.172%	$396K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0141%	1h	65.649	+0.049%	$1.2M	$3.6M	10x	as long as short
Lighter XAG	+0.0152%	1h	65.666	+0.075%	$5.1M	$11.6M	25x	as long as short
Bullet SILVER-USD	+0.0205%	1h	65.692	+0.115%	$45K	$74K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.660	+0.066%	$77K	$414K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.670	+0.081%	$28.0M	$85.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	65.669	+0.080%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.670	+0.081%	$23.2M	$52.8M	100x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	65.696	+0.121%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0269% / S −0.0236%	1h	65.745	+0.195%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0355%	4h	65.690	+0.111%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.655	+0.057%	$1.0M	$943K	25x	as long as short