Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Phemex−0.098%7-day average −0.098% · you buy dearer than you sell

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

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now −0.098%, 7d avg −0.098%

Together, before fees−0.056%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.098%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	65.230	0	get 0.0000% / 4h	3h 17m	$1.5M	$262K	100x
Short	Pacifica XAG	65.166	0.0100	get 0.0013% / 1h	17m 16s	$463K	$587K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Phemex. 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 PhemexbpFee PacificabpOrdersPrice spread, now −0.098%Rate

Funding earned: $21
Price spread: −0.098% → −0.098%: $0.02
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $1.02
Costs to cover: 0.200%
Break-even: 6.7 days

Slippage unknown: Phemex: live order book, 1 min ago; Pacifica: live order book, 17 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 Phemex live order book, 1 min ago	3.07 bp	13.5 bp −$13	18.0 bp −$180	doesn't fit	doesn't fit
Sell Pacifica live order book, 17 min ago	0.39 bp	doesn't fit	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	65.154	−0.117%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.230	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.240	+0.015%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	65.230	long leg	$1.5M	$262K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.174	−0.086%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0022%	4h	65.230	0.000%	$138.1M	$189.1M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.225	−0.008%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.152	−0.119%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.963%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.080	−0.230%	$783K	$3.0M	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	65.617	+0.593%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.210	−0.031%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.183	−0.072%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.156	−0.113%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.130	−0.153%	$5.6M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0065%	4h	65.026	−0.313%	$5.4M	$9.2M	—	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	65.207	−0.035%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.090	−0.215%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0087%	24h	65.195	−0.054%	$513K	$35.3M	8.1x	as long as short
Pacifica XAGshort	+0.0100%	1h	65.166	−0.098%	$463K	$587K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.220	−0.015%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.920	−0.475%	$111K	$19K	50x	as long as short
edgeX XAGUSDC	+0.0103%	4h	65.057	−0.264%	$663K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0104%	4h	65.230	0.000%	$112.6M	$160.8M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.223	−0.011%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0108%	4h	65.229	−0.002%	$198.9M	$794.0M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	65.136	−0.144%	$56K	$31K	25x	as long as short
Aster XAGUSDT	+0.0126%	4h	65.248	+0.028%	$2.7M	$1.1M	100x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	65.171	−0.090%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	65.179	−0.078%	$173.8M	$89.2M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.240	+0.015%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.179	−0.079%	$1.2M	$4.2M	10x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	64.944	−0.438%	$78K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.240	+0.015%	$29.1M	$76.7M	50x	as long as short
Bitget XAGUSDT	+0.0224%	4h	65.240	+0.015%	$23.0M	$48.1M	100x	as long as short
Lighter XAG	+0.0232%	1h	65.223	−0.011%	$5.2M	$11.3M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.245	+0.023%	$93K	—	111x	as long as short
Bullet SILVER-USD	+0.0311%	1h	65.224	−0.009%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0348%	4h	65.200	−0.046%	$2.8M	$701K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0364%	1h	65.200	−0.046%	$77K	$436K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	65.063	−0.256%	$20K	$12K	10x	as long as short
Bybit XAGUSDT	+0.0382%	4h	65.260	+0.046%	$30.4M	$43.9M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0406%	4h	65.100	−0.199%	$388K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.210	−0.031%	$1.0M	$892K	25x	as long as short