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 (Gold on-chain) and XAG (Silver on-chain) on various platforms such as Binance, Hyperliquid, Lighter, etc., making it easy to quickly compare rate differences between different platforms.
According to Pacifica real-time data, there has been a significant difference in the funding rates of PAXG (Gold) and XAG (Silver) related contracts in the past 24 hours among different trading platforms. 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, funding rates can serve as a basis for screening trading pairs with manageable trading costs. Under this logic, some traders will preferentially select trading pairs with advantages on this platform to reduce trading slippage or engage in arbitrage.
Users can use the on-chain copy trading tool Coinbob Pacifica (@CoinbobPAC_bot) to copy trades of relevant traders, earn profits from trading, and accumulate Pacifica platform points in preparation for potential airdrops.
