XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Polymarket Perps against ApeX Omni−0.051%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.155%−$15 · spread now −0.051%, 7d avg −0.049%

Together, before fees−0.269%−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	66.490	0.0100	pay 0.0013% / 1h	40m 37s	$126K	$23K	50x
Short	Polymarket Perps SILVER-USD	66.456	0.0050	get 0.0006% / 1h	40m 37s	$3.9M	$669K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$10.5
Price spread: −0.051% → −0.049%: −$0.2
Slippage, 4 orders: −$39.14
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$67.83
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 25 min ago; Polymarket Perps: live order book, 3 min ago.

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 ApeX Omni live order book, 25 min ago	9.02 bp	20.7 bp −$21	59.7 bp −$597	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.35 bp	5.7 bp −$6	5.8 bp −$58	7.3 bp −$733	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
Hotstuff SILVER-PERP	−0.0008%	1h	66.483	−0.011%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.101%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	+0.075%	$154.6M	$161.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.500	+0.015%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.520	+0.045%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.060%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.439	−0.076%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.502	+0.017%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.465	−0.038%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.135%	$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	66.480	−0.015%	$800K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.924	+0.653%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.116%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	66.456	−0.051%	$3.9M	$669K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.450	−0.060%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.440	−0.075%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.530	+0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.438	−0.078%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0069%	4h	66.540	+0.075%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.538	+0.073%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.480	−0.015%	$166.0M	$79.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.489	−0.002%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	+0.015%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.490	long leg	$126K	$23K	50x
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.120%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0115%	4h	66.519	+0.044%	$2.8M	$971K	100x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	66.519	+0.044%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.022%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.507	+0.026%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0148%	4h	66.530	+0.060%	$108.3M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0149%	4h	66.520	+0.045%	$193.0M	$707.6M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	+0.118%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0168%	1h	66.532	+0.063%	$5.4M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.045%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.530	+0.060%	$28.1M	$66.0M	50x	as long as short
Bitget XAGUSDT	+0.0222%	4h	66.540	+0.075%	$24.4M	$45.8M	100x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	66.470	−0.031%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.465	−0.038%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.591	+0.151%	$395K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.430	−0.091%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.500	+0.015%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.485	−0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.466	−0.036%	$766K	$491K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.520	+0.045%	$50K	$325K	20x	as long as short