Funding you earn now, next payment 23:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Injective−0.280%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Polymarket Perps is 0.280% cheaper against Injective than usual: you would sell low and buy high (spread −0.280% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 56 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.094% in total) that is about 21 days. The two prices were read 51 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 | Injective XAG/USDC PERP | 66.400 | 0.0033 | pay 0.0004% / 1h | 18m 09s | $11K | $94K | 52x |
| Short | Polymarket Perps SILVER-USD | 66.214 | 0.0050 | get 0.0006% / 1h | 18m 09s | $3.9M | $698K | 20x |
Injective XAG/USDC PERP
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Injective. 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
- $3.5
- Price spread: −0.280% → 0.000%
- −$28.01
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$32.53
- Costs to cover
- 0.080%
- Break-even
- 72.1 days
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 6 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 6 min ago | 0.08 bp | 5.0 bp −$5 | 5.9 bp −$59 | 7.1 bp −$713 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAGUSD | −0.0272% | 1h | 66.210 | −0.286% | $766K | $569K | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.175 | −0.339% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.250 | −0.226% | $25.6M | $33.3M | 150x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | 66.241 | −0.239% | $1.3M | $4.2M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.240 | −0.241% | $146.3M | $173.0M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.250 | −0.226% | $2K | $3.1M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.270 | −0.196% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.260 | −0.211% | $1.5M | $248K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.177 | −0.336% | $120K | — | 250x | as long as short |
| QFEX SILVER-USD | +0.0016% | 1h | 66.220 | −0.271% | $144K | $2.8M | 20x | as long as short |
Kraken Futures PF_XAGUSD
dYdX XAG-USD
Bybit XAGUSDT
RISEx XAG/USDC
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
QFEX SILVER-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAG | +0.0032% | 1h | 66.228 | −0.259% | $4.7M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.175 | −0.340% | $5.5M | $12.4M | 10x | as long as short |
| Injective XAG/USDC PERPlong | +0.0033% | 1h | 66.400 | long leg | $11K | $94K | 52x | |
| StandX XAG-USD | +0.0040% | 1h | 66.180 | −0.331% | $792K | $2.7M | 40x | as long as short |
| BloFin XAG-USDT | +0.0044% | 4h | 66.250 | −0.226% | $2.5M | $847K | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.677 | +0.417% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.203 | −0.297% | $165.0M | $88.3M | 25x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0050% | 1h | 66.214 | −0.280% | $3.9M | $698K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.174 | −0.340% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.150 | −0.377% | $5.7M | $9.9M | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0056% | 1h | 66.201 | −0.300% | $35K | $21K | 20x | as long as short |
| Aster XAGUSDT | +0.0057% | 4h | 66.252 | −0.223% | $2.8M | $1.0M | 100x | as long as short |
| Kalshi KXSILVERPERP | +0.0057% | 24h | 66.196 | −0.307% | $583K | $21.3M | 8.1x | as long as short |
| Bitget XAGUSDT | +0.0060% | 4h | 66.260 | −0.211% | $24.0M | $47.7M | 100x | as long as short |
| Variational Omni XAG | +0.0064% | 4h | 66.237 | −0.246% | $5.5M | $10.5M | — | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 66.188 | −0.319% | $56K | $26K | 25x | as long as short |
| MEXC SILVER_USDT | +0.0078% | 4h | 66.240 | −0.241% | $118.1M | $181.8M | 1000x | as long as short |
| Binance XAGUSDT | +0.0081% | 4h | 66.250 | −0.226% | $189.8M | $727.6M | 100x | as long as short |
| edgeX XAGUSDC | +0.0084% | 4h | 66.235 | −0.248% | $672K | $315K | 30x | as long as short |
| Aevo XAG-PERP | +0.0088% | 1h | 66.230 | −0.255% | $48K | — | 10x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.184 | −0.325% | $473K | $625K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.210 | −0.286% | $24.3M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.180 | −0.331% | $113K | $26K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 66.220 | −0.271% | $1.9M | $862K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0106% | 4h | 66.235 | −0.249% | $390K | $1.5M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0116% | 8h | 66.227 | −0.261% | $30K | $1K | 5x | as long as short |
| Aftermath Perps XAGUSD | +0.0125% | 1h | 66.194 | −0.311% | $80K | $40K | 10x | as long as short |
| Lighter XAG | +0.0136% | 1h | 66.228 | −0.259% | $5.2M | $11.0M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0136% | 1h | 66.180 | −0.331% | $20K | $22K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0170% | 8h | 66.250 | −0.226% | $27.3M | $66.3M | 50x | as long as short |
| Nado XAG-PERP | +0.0221% | 1h | 66.188 | −0.319% | $1.3M | $6.5M | 10x | as long as short |
| Bullet SILVER-USD | +0.0264% | 1h | 66.252 | −0.223% | $44K | $74K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0302% / S −0.0300% | 1h | 66.245 | −0.233% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0354% | 1h | 66.230 | −0.256% | $51K | $359K | 20x | as long as short |
Lighter RH XAG
Extended XAG-USD
StandX XAG-USD
BloFin XAG-USDT
Vest SI-PERP
tradeXYZ xyz:SILVER
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
Aster XAGUSDT
Kalshi KXSILVERPERP
Bitget XAGUSDT
Variational Omni XAG
Phoenix SILVER
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Aevo XAG-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Paradex XAG-USD-PERP
Aftermath Perps XAGUSD
Lighter XAG
Hibachi XAG/USDT-P
OKX XAG-USDT-SWAP
Nado XAG-PERP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL