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: MEXC against Pacifica+0.100%7-day average +0.040% · you sell dearer than you buy

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

Long on Pacifica Short on MEXC

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.060% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	65.994	0.0100	pay 0.0013% / 1h	6m 46s	$469K	$604K	10x
Short	MEXC SILVER_USDT	66.060	0.0174	get 0.0087% / 4h	3h 06m	$114.5M	$152.8M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.100%Rate

Funding earned: $15.54
Price spread: +0.100% → +0.040%: $5.99
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $13.53
Costs to cover: 0.080%
Break-even: 0.9 days

Slippage unknown: Pacifica: live order book, 47 min ago; MEXC: live order book, 2 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 Pacifica live order book, 47 min ago	0.08 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell 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 −$1,462

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	−0.067%	$5.7M	$9.2M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	66.012	+0.027%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.008%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	+0.115%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.130%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.050	+0.085%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.982	−0.018%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.049	+0.083%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.980	−0.021%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.615%	$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	+0.039%	$794K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0042%	4h	66.060	+0.100%	$149.8M	$164.4M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.463	+0.711%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.014	+0.030%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.984	−0.015%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.046	+0.078%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.030	+0.055%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.013	+0.029%	$166.3M	$73.8M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.977	−0.026%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.003	+0.014%	$537K	$26.5M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.051	+0.086%	$1.3M	$4.9M	20x	as long as short
Pacifica XAGlong	+0.0100%	1h	65.994	long leg	$469K	$604K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.020	+0.039%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.960	−0.052%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0100%	4h	66.090	+0.145%	$27.8M	$36.5M	150x	as long as short
Lighter XAG	+0.0120%	1h	66.052	+0.088%	$5.2M	$10.9M	25x	as long as short
Aster XAGUSDT	+0.0120%	4h	66.050	+0.085%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0163%	4h	66.003	+0.013%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.036	+0.064%	$47K	—	10x	as long as short
MEXC SILVER_USDTshort	+0.0174%	4h	66.060	+0.100%	$114.5M	$152.8M	1000x
Binance XAGUSDT	+0.0175%	4h	66.065	+0.108%	$191.0M	$702.6M	100x	as long as short
edgeX XAGUSDC	+0.0182%	4h	66.013	+0.029%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0185%	1h	66.003	+0.013%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0197%	1h	66.013	+0.029%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.030	+0.055%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.028	+0.051%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.021%	$1.8M	$1.0M	20x	as long as short
BloFin XAG-USDT	+0.0224%	4h	66.030	+0.055%	$2.6M	$569K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.050	+0.085%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.060	+0.100%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0235%	1h	66.052	+0.087%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	65.980	−0.021%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.055	+0.092%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.023	+0.044%	$911K	$685K	25x	as long as short