Funding you earn now, next payment 10:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.033%
Price spread now: Polymarket Perps against GRVT−0.060%63s7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$260.260% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.060%, 7d avg −0.114%
=Together, before fees−0.029%+ Points / potential airdropGRVT: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.054% dearer against GRVT than usual: you sell high and buy low (spread −0.060% now, against its 7-day average of −0.114%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.037% in total) that is about 10 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT XAG_USDT_Perp | 65.335 | 0.0190 | pay 0.0095% / 4h | 2h 18m | $394K | $1.6M | 25x |
| Short | Polymarket Perps SILVER-USD | 65.296 | 0.0050 | get 0.0006% / 1h | 18m 08s | $3.8M | $890K | 20x |
GRVT XAG_USDT_Perp
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against GRVT. 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
- −$29.4
- Price spread: −0.060% → −0.114%
- $5.39
- Slippage, 4 orders
- −$9.01
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$50.03
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 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 GRVT live order book, 3 min ago | 0.76 bp | 7.7 bp −$8 | 8.3 bp −$83 | 43.0 bp −$4,300 | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 1.07 bp | 5.2 bp −$5 | 8.3 bp −$83 | 22.0 bp −$2,199 | doesn't fit |
XAG on 44 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | −0.0220% | 1h | 64.602 | −1.123% | $11K | $240 | 52x | as long as short |
| Ondo Perps XAG-USD.P | −0.0004% | 1h | 65.220 | −0.177% | $5.7M | $10.4M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.257 | −0.121% | $12K | $6K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.360 | +0.038% | $139.3M | $199.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.340 | +0.007% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.390 | +0.084% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.360 | +0.038% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.278 | −0.089% | $118K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.350 | +0.022% | $4.5M | $9.7M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.262 | −0.113% | $5.1M | $11.6M | 10x | as long as short |
Injective XAG/USDC PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 65.330 | −0.008% | $786K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.743 | +0.624% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 65.319 | −0.025% | $36K | $23K | 20x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0050% | 1h | 65.296 | −0.060% | $3.8M | $890K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.266 | −0.106% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0058% | 8h | 65.307 | −0.044% | $29K | $166 | 5x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 65.320 | −0.024% | $443K | $1.4M | 20x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0088% | 1h | 65.350 | +0.022% | $1.6M | $1.7M | 20x | as long as short |
| Variational Omni XAG | +0.0094% | 4h | 65.332 | −0.006% | $5.7M | $9.2M | — | as long as short |
| Kalshi KXSILVERPERP | +0.0096% | 24h | 65.344 | +0.013% | $649K | $37.1M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.255 | −0.123% | $464K | $574K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.320 | −0.024% | $25.2M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.270 | −0.100% | $111K | $19K | 50x | as long as short |
| Phoenix SILVER | +0.0110% | 1h | 65.307 | −0.044% | $55K | $13K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0123% | 1h | 65.312 | −0.036% | $174.1M | $93.0M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0128% | 4h | 65.340 | +0.007% | $119.6M | $166.7M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0128% | 1h | 65.328 | −0.012% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0129% | 4h | 65.359 | +0.037% | $193.0M | $837.3M | 100x | as long as short |
| Aster XAGUSDT | +0.0137% | 4h | 65.355 | +0.030% | $2.7M | $1.1M | 100x | as long as short |
| edgeX XAGUSDC | +0.0138% | 4h | 65.348 | +0.019% | $666K | $314K | 30x | as long as short |
| Nado XAG-PERP | +0.0182% | 1h | 65.280 | −0.085% | $1.2M | $3.9M | 10x | as long as short |
| GRVT XAG_USDT_Perplong | +0.0190% | 4h | 65.335 | long leg | $394K | $1.6M | 25x | |
| Lighter XAG | +0.0192% | 1h | 65.342 | +0.011% | $5.1M | $11.7M | 25x | as long as short |
| RISEx XAG/USDC | +0.0206% | 1h | 65.334 | −0.002% | $1.2M | $4.9M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0214% | 8h | 65.350 | +0.022% | $27.9M | $82.3M | 50x | as long as short |
| Bybit XAGUSDT | +0.0215% | 4h | 65.370 | +0.053% | $30.4M | $46.8M | 150x | as long as short |
| Aftermath Perps XAGUSD | +0.0219% | 1h | 65.314 | −0.032% | $78K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0246% | 4h | 65.350 | +0.022% | $23.1M | $50.3M | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0262% / S −0.0228% | 1h | 65.355 | +0.030% | $93K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0272% | 1h | 65.290 | −0.070% | $21K | $12K | 10x | as long as short |
| Bullet SILVER-USD | +0.0276% | 1h | 65.334 | −0.002% | $44K | $74K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0363% | 1h | 65.320 | −0.024% | $77K | $411K | 20x | as long as short |
| BloFin XAG-USDT | +0.0368% | 4h | 65.360 | +0.038% | $2.7M | $754K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0776% | 1h | 65.302 | −0.051% | $1.0M | $937K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Hotstuff SILVER-PERP
SoDEX SILVER-USD
Paradex XAG-USD-PERP
QFEX SILVER-USD
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Phoenix SILVER
tradeXYZ xyz:SILVER
MEXC SILVER_USDT
Aevo XAG-PERP
Binance XAGUSDT
Aster XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
Lighter XAG
RISEx XAG/USDC
OKX XAG-USDT-SWAP
Bybit XAGUSDT
Aftermath Perps XAGUSD
Bitget XAGUSDT
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
BloFin XAG-USDT
Kraken Futures PF_XAGUSD