Significant Divergence in 24-hour Funding Rates for Silver Perpetual Contracts across Platforms, with a 1.35% Delta between Pacifica and Binance

BlockBeats News, February 2nd. Recently, there has been high trading activity in gold and silver markets. The Pacifica decentralized perpetual contract trading platform currently supports viewing funding rate data for PAXG (on-chain gold) and XAG (on-chain silver) on various platforms such as Binance, Hyperliquid, and Lighter, making it easy to quickly compare rate differences between different platforms.

According to Pacifica real-time data, there has been a noticeable difference in the funding rates of PAXG (gold) and XAG (silver) contracts across different trading platforms in the past 24 hours. Currently, most platforms still have positive rates, but the PAXG contract on Backpack has turned negative. Some differential information is as follows (Pacifica compared to other platforms):

XAG (Pacifica vs Binance): -1.35%;

XAG (Pacifica vs Lighter): +0.10%;

PAXG (Pacifica vs Backpack): +0.13%;

PAXG (Pacifica vs Binance): +0.03%;

For traders focusing on high-frequency trading or hedging, the funding rate can serve as a basis for selecting trading pairs with manageable trading costs. Following this logic, some traders will prioritize trading pairs that have advantages on this platform to reduce trading friction or engage in arbitrage.

Users can use the on-chain copy trading tool Coinbob Pacifica (@CoinbobPAC_bot) to copy relevant traders, earn profits from trading, and accumulate Pacifica platform points in preparation for potential airdrops.