Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.005%

Price spread now: edgeX against Pacifica+0.078%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.078%, 7d avg +0.055%

Together, before fees+0.019%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.023% dearer against Pacifica than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	66.041	0.0100	pay 0.0013% / 1h	13m 04s	$470K	$615K	10x
Short	edgeX XAGUSDC	66.092	0.0222	get 0.0111% / 4h	13m 04s	$671K	$313K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $25.65
Price spread: +0.078% → +0.055%: $2.28
Slippage, 4 orders: −$10.18
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $0.75
Costs to cover: 0.272%
Break-even: 6.8 days

Slippage from Pacifica: live order book, 46 min ago; edgeX: live order book, 46 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, 46 min ago	0.08 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 46 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	20.9 bp −$10.4K

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	66.018	−0.035%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.089%	$150.1M	$163.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.089%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.135%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.120%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.037	−0.005%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.076	+0.053%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.036	−0.007%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.544%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.104%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0042%	1h	65.980	−0.092%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.532	+0.743%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.086	+0.068%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.070	+0.044%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.016	−0.038%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.090	+0.074%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.025	−0.024%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.065	+0.036%	$546K	$25.4M	8.1x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.041	long leg	$470K	$615K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.070	+0.044%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	+0.029%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0125%	1h	66.052	+0.017%	$165.8M	$74.3M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.096	+0.083%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.092	+0.077%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.090	+0.074%	$2.7M	$881K	100x	as long as short
Bybit XAGUSDT	+0.0164%	4h	66.110	+0.104%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.075	+0.052%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.094	+0.080%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0193%	4h	66.120	+0.120%	$2.6M	$554K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	+0.195%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0203%	4h	66.163	+0.185%	$5.6M	$9.5M	—	as long as short
Nado XAG-PERP	+0.0210%	1h	66.048	+0.010%	$1.4M	$6.4M	10x	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.090	+0.074%	$110.4M	$152.9M	1000x	as long as short
Binance XAGUSDT	+0.0211%	4h	66.092	+0.077%	$192.3M	$700.8M	100x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.079	+0.057%	$80K	$36K	10x	as long as short
edgeX XAGUSDCshort	+0.0222%	4h	66.092	+0.078%	$671K	$313K	30x
OKX XAG-USDT-SWAP	+0.0233%	8h	66.080	+0.059%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.090	+0.074%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.094	+0.080%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0286%	1h	66.116	+0.114%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.070	+0.044%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.050	+0.014%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.115	+0.112%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.069	+0.042%	$912K	$683K	25x	as long as short