Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against HTX−0.090%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.090%, 7d avg −0.111%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.021% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.340	0	get 0.0000% / 4h	2h 04m	$1.0M	$1.1M	75x
Short	Polymarket Perps SILVER-USD	66.280	0.0050	get 0.0006% / 1h	4m 50s	$3.9M	$670K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against HTX. 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 HTXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.090%Rate

Funding earned: $10.5
Price spread: −0.090% → −0.111%: $2.06
Slippage, 4 orders: −$13.94
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.38
Costs to cover: 0.339%
Break-even: 21.3 days

Slippage from HTX: 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 HTX live order book, 4 min ago	5.28 bp	11.3 bp −$11	11.3 bp −$113	14.2 bp −$1,416	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.13 bp	5.6 bp −$6	5.7 bp −$57	7.5 bp −$749	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
dYdX XAG-USD	0.0000%	1h	66.245	−0.144%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.295	−0.068%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.350	+0.015%	$152.0M	$165.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.320	−0.030%	$2K	$2.8M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.340	long leg	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.330	−0.015%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.250	−0.136%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.306	−0.051%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.245	−0.143%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.090%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.340	0.000%	$798K	$2.9M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0042%	1h	66.190	−0.226%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.744	+0.609%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.266	−0.112%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	66.280	−0.090%	$3.9M	$670K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.246	−0.142%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.290	−0.075%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.246	−0.142%	$550K	$24.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.306	−0.051%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	66.310	−0.045%	$165.9M	$75.6M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.253	−0.131%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.280	−0.090%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.270	−0.106%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.324	−0.024%	$2.7M	$937K	100x	as long as short
Paradex XAG-USD-PERP	+0.0137%	8h	66.304	−0.054%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0147%	4h	66.360	+0.030%	$26.7M	$36.5M	150x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.313	−0.040%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0170%	4h	66.313	−0.040%	$5.5M	$9.8M	—	as long as short
MEXC SILVER_USDT	+0.0182%	4h	66.320	−0.030%	$103.7M	$158.9M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.280	−0.090%	$1.9M	$970K	20x	as long as short
Binance XAGUSDT	+0.0184%	4h	66.347	+0.010%	$192.4M	$707.2M	100x	as long as short
Lighter XAG	+0.0192%	1h	66.312	−0.043%	$5.3M	$10.7M	25x	as long as short
edgeX XAGUSDC	+0.0200%	4h	66.297	−0.065%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	66.340	0.000%	$27.8M	$66.0M	50x	as long as short
Nado XAG-PERP	+0.0218%	1h	66.254	−0.130%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.265	−0.114%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0239%	1h	66.282	−0.088%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0250%	4h	66.340	0.000%	$23.9M	$46.2M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0262%	4h	66.279	−0.092%	$392K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0286%	1h	66.332	−0.011%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0325% / S −0.0332%	1h	66.325	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.300	−0.060%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.278	−0.094%	$764K	$478K	25x	as long as short