XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.042%

Price spread now: Polymarket Perps against Coinbase International−0.002%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.002%, 7d avg −0.028%

Together, before fees−0.256%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.026% dearer against Coinbase International than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.028%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	65.590	0.0120	pay 0.0015% / 1h	54m 51s	$1.6M	$1.3M	20x
Short	Polymarket Perps SILVER-USD	65.589	0.0050	get 0.0006% / 1h	54m 51s	$3.9M	$712K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$14.7
Price spread: −0.002% → −0.028%: $2.63
Slippage, 4 orders: −$8.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$38.42
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Polymarket Perps: live order book, 4 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 Coinbase International live order book, 4 min ago	0.76 bp	8.6 bp −$9	9.8 bp −$98	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	0.46 bp	4.8 bp −$5	4.8 bp −$48	6.3 bp −$632	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
Hibachi XAG/USDT-P	−0.0096%	1h	65.550	−0.061%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0022%	1h	65.510	−0.122%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.584	−0.008%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.610	+0.030%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.660	+0.107%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.590	0.000%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.527	−0.097%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.577	−0.020%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.502	−0.134%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.235%	$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
Gate XAG_USDT	+0.0034%	4h	65.540	−0.076%	$144.0M	$176.5M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.581	−0.014%	$56K	$31K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.610	+0.030%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.032	+0.674%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.575	−0.023%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.620	+0.046%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.550	−0.061%	$170.9M	$83.0M	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.589	−0.002%	$3.9M	$712K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.533	−0.087%	$3K	$6K	20x	as long as short
Aster XAGUSDT	+0.0059%	4h	65.540	−0.076%	$2.7M	$955K	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	65.607	+0.026%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.630	+0.061%	$1.2M	$4.9M	20x	as long as short
Bybit XAGUSDT	+0.0064%	4h	65.540	−0.076%	$28.8M	$39.3M	150x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.562	−0.043%	$468K	$29.2M	8.1x	as long as short
Nado XAG-PERP	+0.0092%	1h	65.582	−0.012%	$1.2M	$5.5M	10x	as long as short
Variational Omni XAG	+0.0096%	4h	65.634	+0.066%	$5.5M	$9.4M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.564	−0.039%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.550	−0.061%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.030%	$112K	$19K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	65.520	−0.107%	$188.5M	$747.1M	100x	as long as short
Lighter XAG	+0.0104%	1h	65.582	−0.013%	$5.4M	$11.2M	25x	as long as short
MEXC SILVER_USDT	+0.0104%	4h	65.530	−0.091%	$113.6M	$156.2M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.585	−0.008%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0119%	4h	65.591	+0.002%	$668K	$314K	30x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0120%	1h	65.590	long leg	$1.6M	$1.3M	20x
GRVT XAG_USDT_Perp	+0.0148%	4h	65.631	+0.062%	$395K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0181%	1h	65.652	+0.095%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0198%	4h	65.550	−0.061%	$23.8M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0203%	8h	65.530	−0.091%	$27.8M	$70.5M	50x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.604	+0.021%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.580	−0.015%	$66K	$370K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.585	−0.008%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0342%	4h	65.610	+0.030%	$2.6M	$619K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0491%	1h	65.563	−0.041%	$914K	$735K	25x	as long as short