Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against Pacifica−0.086%7-day average +0.073% · you buy dearer than you sell

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

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 3 days (all we have)+0.194%+$19 · spread now −0.086%, 7d avg +0.073%

Together, before fees+0.117%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.159% cheaper against Pacifica than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	66.437	0.0100	pay 0.0013% / 1h	38m 20s	$473K	$605K	10x
Short	SunX XAG-USDT	66.380	0	get 0.0000% / 4h	2h 38m	$2K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$21
Price spread: −0.086% → +0.073%: −$15.87
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$52.87
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 30 min ago; SunX: live order book, 9 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, 30 min ago	0.08 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	29.29 bp	33.3 bp −$33	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
dYdX XAG-USD	0.0000%	1h	66.423	−0.022%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	−0.116%	$153.6M	$162.0M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.380	−0.086%	$2K	$2.8M	20x
HTX XAG-USDT	0.0000%	4h	66.550	+0.170%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.400	−0.056%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.303	−0.202%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.370	−0.101%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.308	−0.194%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.056%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.530	+0.140%	$800K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.874	+0.658%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.036%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.368	−0.104%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.303	−0.202%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.131%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.430	−0.010%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.361	−0.114%	$577K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0077%	4h	66.410	−0.040%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.450	+0.020%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0093%	1h	66.325	−0.168%	$165.6M	$76.0M	25x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.437	long leg	$473K	$605K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.380	−0.086%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	+0.080%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.200%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0118%	4h	66.360	−0.116%	$2.7M	$968K	100x	as long as short
Paradex XAG-USD-PERP	+0.0123%	8h	66.454	+0.025%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.102%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.362	−0.112%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0150%	4h	66.360	−0.116%	$102.2M	$158.0M	1000x	as long as short
Binance XAGUSDT	+0.0152%	4h	66.381	−0.084%	$192.6M	$707.9M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	+0.198%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0160%	1h	66.381	−0.084%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.125%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.400	−0.056%	$27.9M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.456	+0.029%	$80K	$38K	10x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.483	+0.069%	$35K	$21K	20x	as long as short
Nado XAG-PERP	+0.0225%	1h	66.386	−0.076%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.340	−0.146%	$24.4M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.520	+0.125%	$400K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.473	+0.054%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0278%	1h	66.388	−0.074%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.375	−0.093%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.350	−0.131%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.346	−0.137%	$765K	$472K	25x	as long as short