Funding you earn now, next payment 06:00 UTC−0.0179%/8h= −19.6% APRnext payment −$0.22 per $10,000 · paid last 24h −0.050%
Price spread now: Polymarket Perps against Bullet−0.059%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.059% cheaper against Bullet than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet SILVER-USD | 65.693 | 0.0229 | pay 0.0029% / 1h | 30m 57s | $43K | $76K | 10x |
| Short | Polymarket Perps SILVER-USD | 65.654 | 0.0050 | get 0.0006% / 1h | 30m 57s | $3.9M | $701K | 20x |
Bullet SILVER-USD
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$37.66
- Price spread: −0.059% → 0.000%
- −$5.94
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$59.59
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Polymarket Perps: live order book, 3 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 3 min ago | 0.68 bp | 5.7 bp −$6 | 5.9 bp −$59 | 7.9 bp −$785 | doesn't fit |
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0036% | 1h | 65.570 | −0.187% | $5.6M | $9.4M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.597 | −0.146% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.680 | −0.020% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.720 | +0.041% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.690 | −0.005% | $1.5M | $264K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.610 | −0.126% | $120K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 65.692 | −0.001% | $1.3M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.660 | −0.050% | $4.7M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.652 | −0.063% | $5.1M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.076% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
RISEx XAG/USDC
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SILVER | +0.0036% | 1h | 65.634 | −0.090% | $56K | $26K | 25x | as long as short |
| Gate XAG_USDT | +0.0038% | 4h | 65.720 | +0.041% | $147.2M | $165.0M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.600 | −0.142% | $788K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.103 | +0.624% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0050% | 1h | 65.654 | −0.059% | $3.9M | $701K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.607 | −0.131% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.670 | −0.035% | $156K | $2.8M | 20x | as long as short |
| Hotstuff SILVER-PERP | +0.0056% | 1h | 65.560 | −0.202% | $35K | $21K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0059% | 8h | 65.675 | −0.027% | $29K | $1K | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0065% | 1h | 65.665 | −0.043% | $166.2M | $76.2M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0075% | 24h | 65.655 | −0.058% | $569K | $27.3M | 8.1x | as long as short |
| Bybit XAGUSDT | +0.0085% | 4h | 65.740 | +0.072% | $28.4M | $38.4M | 150x | as long as short |
| Aster XAGUSDT | +0.0098% | 4h | 65.690 | −0.005% | $2.7M | $926K | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.632 | −0.093% | $468K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.670 | −0.035% | $24.7M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.600 | −0.142% | $112K | $30K | 50x | as long as short |
| Lighter XAG | +0.0120% | 1h | 65.668 | −0.038% | $5.4M | $11.0M | 25x | as long as short |
| Aevo XAG-PERP | +0.0136% | 1h | 65.734 | +0.063% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0137% | 4h | 65.665 | −0.043% | $5.6M | $9.5M | — | as long as short |
| MEXC SILVER_USDT | +0.0146% | 4h | 65.730 | +0.056% | $117.4M | $153.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0147% | 4h | 65.720 | +0.041% | $189.6M | $719.0M | 100x | as long as short |
| edgeX XAGUSDC | +0.0157% | 4h | 65.780 | +0.133% | $669K | $313K | 30x | as long as short |
| Nado XAG-PERP | +0.0159% | 1h | 65.639 | −0.083% | $1.3M | $5.5M | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.640 | −0.081% | $1.7M | $1.3M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0190% | 4h | 65.700 | +0.010% | $390K | $1.5M | 25x | as long as short |
| BloFin XAG-USDT | +0.0206% | 4h | 65.670 | −0.035% | $2.6M | $605K | 100x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0207% | 1h | 65.650 | −0.065% | $72K | $366K | 20x | as long as short |
| Bitget XAGUSDT | +0.0212% | 4h | 65.730 | +0.056% | $24.5M | $46.8M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0214% | 1h | 65.800 | +0.163% | $79K | $37K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0219% | 8h | 65.730 | +0.056% | $27.4M | $68.4M | 50x | as long as short |
| Bullet SILVER-USDlong | +0.0229% | 1h | 65.693 | long leg | $43K | $76K | 10x | |
| Hibachi XAG/USDT-P | +0.0352% | 1h | 65.608 | −0.129% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0366% / S −0.0360% | 1h | 65.675 | −0.027% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0469% | 1h | 65.655 | −0.058% | $918K | $748K | 25x | as long as short |
Phoenix SILVER
Gate XAG_USDT
StandX XAG-USD
Vest SI-PERP
SoDEX SILVER-USD
QFEX SILVER-USD
Hotstuff SILVER-PERP
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Bybit XAGUSDT
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Aevo XAG-PERP
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
BloFin XAG-USDT
Deribit SILVER_USDC-PERPETUAL
Bitget XAGUSDT
Aftermath Perps XAGUSD
OKX XAG-USDT-SWAP
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD