Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Pacifica+0.049%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$290.291% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.049%, 7d avg +0.004%

Together, before fees+0.018%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.045% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	65.288	0.0100	pay 0.0013% / 1h	34m 27s	$465K	$611K	10x
Short	KuCoin XAGUSDTM	65.320	0.0100	get 0.0050% / 4h	34m 27s	$25.3M	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.004%: $4.49
Slippage, 4 orders: −$9.06
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$24.57
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago	0.08 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.77 bp	8.5 bp −$8	14.8 bp −$148	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	−0.0041%	1h	65.240	−0.074%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	+0.014%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.360	+0.110%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	+0.080%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	+0.126%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.110%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	+0.068%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.298	+0.015%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.360	+0.110%	$2.7M	$928K	100x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	65.316	+0.043%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0026%	4h	65.330	+0.064%	$118.7M	$157.3M	1000x	as long as short
Binance XAGUSDT	+0.0027%	4h	65.356	+0.104%	$191.7M	$753.4M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.340	+0.079%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.287	−0.002%	$5.1M	$11.6M	10x	as long as short
Gate XAG_USDT	+0.0032%	4h	65.360	+0.110%	$140.8M	$178.2M	100x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	+0.082%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.703%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	+0.095%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.330	+0.064%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.766	+0.732%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.334	+0.071%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.313	+0.038%	$169.8M	$81.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.316	+0.043%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.291	+0.005%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.322	+0.052%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.297	+0.014%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.331	+0.066%	$531K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	+0.018%	$1.6M	$1.4M	20x	as long as short
Pacifica XAGlong	+0.0100%	1h	65.288	long leg	$465K	$611K	10x
KuCoin XAGUSDTMshort	+0.0100%	4h	65.320	+0.049%	$25.3M	$4.7M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	+0.034%	$112K	$19K	50x	as long as short
BloFin XAG-USDT	+0.0111%	4h	65.360	+0.110%	$2.7M	$575K	100x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.353	+0.100%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0128%	4h	65.357	+0.105%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.350	+0.095%	$23.2M	$44.7M	100x	as long as short
Nado XAG-PERP	+0.0160%	1h	65.304	+0.024%	$1.2M	$4.7M	10x	as long as short
Lighter XAG	+0.0160%	1h	65.342	+0.083%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	65.350	+0.095%	$28.2M	$69.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0182%	1h	65.330	+0.065%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.330	+0.064%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	+0.080%	$65K	$390K	20x	as long as short
Bullet SILVER-USD	+0.0221%	1h	65.363	+0.114%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	+0.103%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.320	+0.049%	$1.0M	$868K	25x	as long as short