Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.012%

Price spread now: Polymarket Perps against Gate−0.008%7-day average −0.115% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days−0.085%−$8 · spread now −0.008%, 7d avg −0.115%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Polymarket Perps is 0.107% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.410	0.0036	pay 0.0018% / 4h	39m 46s	$140.9M	$177.5M	100x
Short	Polymarket Perps SILVER-USD	65.405	0.0050	get 0.0006% / 1h	39m 46s	$3.8M	$856K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.008%Rate

Funding earned: $2.94
Price spread: −0.008% → −0.115%: $10.71
Slippage, 4 orders: −$5.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.16
Costs to cover: 0.288%
Break-even: 43.1 days

Slippage from Gate: 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 Gate live order book, 4 min ago	0.76 bp	9.8 bp −$10	9.8 bp −$98	10.5 bp −$1,051	11.8 bp −$5,902
Sell Polymarket Perps live order book, 4 min ago	0.99 bp	5.0 bp −$5	5.5 bp −$55	8.2 bp −$824	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
Ondo Perps XAG-USD.P	−0.0032%	1h	65.320	−0.138%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.354	−0.086%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.390	−0.031%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	+0.031%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.470	+0.092%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	+0.046%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.381	−0.045%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0008%	4h	65.432	+0.034%	$5.5M	$9.1M	—	as long as short
Aster XAGUSDT	+0.0024%	4h	65.414	+0.006%	$2.7M	$928K	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.359	−0.078%	$4.6M	$9.7M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.378	−0.049%	$5.1M	$11.6M	10x	as long as short
MEXC SILVER_USDT	+0.0032%	4h	65.390	−0.031%	$118.6M	$157.2M	1000x	as long as short
Binance XAGUSDT	+0.0033%	4h	65.390	−0.031%	$192.0M	$755.7M	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.514%	$11K	$94K	52x	as long as short
Gate XAG_USDTlong	+0.0036%	4h	65.410	long leg	$140.9M	$177.5M	100x
StandX XAG-USD	+0.0040%	1h	65.450	+0.061%	$787K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.410	0.000%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.853	+0.677%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.423	+0.020%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.405	−0.008%	$3.8M	$856K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.377	−0.050%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0052%	1h	65.328	−0.125%	$169.8M	$81.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.420	+0.015%	$29K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0054%	4h	65.373	−0.056%	$665K	$312K	30x	as long as short
Phoenix SILVER	+0.0061%	1h	65.292	−0.180%	$56K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.405	−0.008%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.404	−0.009%	$481K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	−0.076%	$1.6M	$1.3M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.381	−0.044%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.400	−0.015%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	−0.153%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.445	+0.054%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.361	−0.074%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0133%	4h	65.440	+0.046%	$2.7M	$576K	100x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.390	−0.031%	$23.3M	$45.1M	100x	as long as short
Nado XAG-PERP	+0.0164%	1h	65.397	−0.020%	$1.2M	$4.8M	10x	as long as short
Lighter XAG	+0.0168%	1h	65.366	−0.068%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0170%	8h	65.390	−0.031%	$28.1M	$70.3M	50x	as long as short
Hibachi XAG/USDT-P	+0.0176%	1h	65.360	−0.076%	$20K	$17K	10x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	65.344	−0.101%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.420	+0.015%	$65K	$389K	20x	as long as short
Bullet SILVER-USD	+0.0230%	1h	65.454	+0.067%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.445	+0.054%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.406	−0.006%	$1.0M	$868K	25x	as long as short