Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0072%/8h= −7.8% APRpaid last 24h −0.017%

Price spread now: Polymarket Perps against edgeX+0.020%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.020%, 7d avg −0.054%

Together, before fees−0.106%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.074% dearer against edgeX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.054%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.478	0.0122	pay 0.0061% / 4h	21m 33s	$674K	$314K	30x
Short	Polymarket Perps SILVER-USD	66.491	0.0050	get 0.0006% / 1h	21m 33s	$3.9M	$699K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$15.04
Price spread: +0.020% → −0.054%: $7.42
Slippage, 4 orders: −$7.35
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.97
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from edgeX: live order book, 57 min ago; Polymarket Perps: live order book, 2 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 edgeX live order book, 57 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	20.9 bp −$10.5K
Sell Polymarket Perps live order book, 2 min ago	0.98 bp	5.7 bp −$6	6.0 bp −$60	7.3 bp −$729	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
dYdX XAG-USD	0.0000%	1h	66.484	+0.009%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.540	+0.094%	$26.2M	$34.5M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.530	+0.079%	$154.5M	$173.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.540	+0.094%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	+0.124%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.109%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.481	+0.006%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.515	+0.057%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.470	−0.011%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.117%	$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
Phoenix SILVER	+0.0036%	1h	66.485	+0.011%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.430	−0.072%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.971	+0.742%	—	—	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	66.491	+0.020%	$3.9M	$699K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.482	+0.007%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.440	−0.057%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.498	+0.031%	$594K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.530	+0.079%	$124K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.450	−0.042%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0073%	1h	66.495	+0.026%	$165.7M	$86.8M	25x	as long as short
Variational Omni XAG	+0.0100%	4h	66.457	−0.030%	$5.6M	$10.1M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.475	−0.004%	$480K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	+0.034%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.450	−0.042%	$126K	$26K	50x	as long as short
Paradex XAG-USD-PERP	+0.0109%	8h	66.521	+0.066%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0112%	4h	66.537	+0.089%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.516	+0.057%	$5.2M	$10.4M	25x	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.520	+0.064%	$115.0M	$153.2M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.522	+0.066%	$48K	—	10x	as long as short
edgeX XAGUSDClong	+0.0122%	4h	66.478	long leg	$674K	$314K	30x
Binance XAGUSDT	+0.0123%	4h	66.530	+0.079%	$192.6M	$722.7M	100x	as long as short
BloFin XAG-USDT	+0.0146%	4h	66.500	+0.034%	$2.6M	$651K	100x	as long as short
Bitget XAGUSDT	+0.0148%	4h	66.530	+0.079%	$24.4M	$48.2M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.410	−0.102%	$1.9M	$848K	20x	as long as short
Aftermath Perps XAGUSD	+0.0166%	1h	66.430	−0.071%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.490	+0.018%	$390K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.530	+0.079%	$27.9M	$66.6M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.545	+0.101%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0256%	1h	66.532	+0.082%	$45K	$76K	10x	as long as short
Nado XAG-PERP	+0.0258%	1h	66.483	+0.008%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.545	+0.101%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.484	+0.009%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.540	+0.094%	$50K	$369K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.506	+0.042%	$762K	$586K	25x	as long as short