XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.014%

Price spread now: Polymarket Perps against gTrade (Gains Network)+0.035%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2802.802% of the position

Long on gTrade (Gains Network)Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.035%, 7d avg +0.029%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAG/USD	66.152	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	48m 31s	$120K	—	10x
Short	Polymarket Perps SILVER-USD	66.175	0.0050	get 0.0006% / 1h	48m 31s	$3.9M	$715K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Polymarket PerpsbpOrdersPrice spread, now +0.035%Rate

Funding earned: $9.72
Price spread: +0.035% → +0.029%: $0.68
Slippage, 4 orders: −$262.21
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$269.81
Costs to cover: 2.802%
Break-even: 201.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), just now; Polymarket Perps: live order book, 5 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 gTrade (Gains Network) virtual book (oracle venue), just now	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	579.9 bp −$58.0K	2587.5 bp −$1.29M
Sell Polymarket Perps live order book, 5 min ago	0.83 bp	5.0 bp −$5	5.1 bp −$51	7.0 bp −$699	doesn't fit

XAG on 43 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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.184	+0.049%	$777K	$593K	25x	as long as short
Hotstuff SILVER-PERP	−0.0032%	1h	66.165	+0.020%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.046%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.210	+0.088%	$25.5M	$34.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.210	+0.088%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.200	+0.073%	$146.4M	$171.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.220	+0.103%	$2K	$3.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.250	+0.149%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	+0.088%	$1.5M	$247K	100x	as long as short
Bitget XAGUSDT	+0.0002%	4h	66.210	+0.088%	$23.7M	$48.7M	100x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	66.152	long leg	$120K	—	10x
Aster XAGUSDT	+0.0006%	4h	66.205	+0.081%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0008%	4h	66.209	+0.087%	$395K	$1.6M	25x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.190	+0.058%	$144K	$2.8M	20x	as long as short
Variational Omni XAG	+0.0031%	4h	66.189	+0.057%	$5.4M	$10.7M	—	as long as short
Lighter XAG	+0.0032%	1h	66.186	+0.051%	$5.2M	$10.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.177	+0.038%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.153	+0.002%	$5.5M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.376%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	66.200	+0.073%	$116.5M	$181.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	66.160	+0.013%	$792K	$2.8M	40x	as long as short
Binance XAGUSDT	+0.0042%	4h	66.206	+0.082%	$189.3M	$760.5M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.644	+0.744%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.163	+0.017%	$164.0M	$91.6M	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	66.175	+0.035%	$3.9M	$715K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.147	−0.007%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.120	−0.048%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0054%	24h	66.165	+0.020%	$589K	$21.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0056%	1h	66.205	+0.081%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0056%	4h	66.191	+0.059%	$671K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0068%	4h	66.180	+0.043%	$2.5M	$1.2M	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.124	−0.042%	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	+0.0074%	1h	66.139	−0.019%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0090%	8h	66.193	+0.062%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.154	+0.004%	$474K	$641K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	+0.028%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.110	−0.063%	$113K	$77K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.200	+0.073%	$1.9M	$889K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0139%	8h	66.210	+0.088%	$27.2M	$67.6M	50x	as long as short
Nado XAG-PERP	+0.0146%	1h	66.149	−0.004%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0162%	1h	66.223	+0.108%	$45K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.225	+0.111%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0657%	1h	66.230	+0.119%	$60K	$357K	20x	as long as short