Funding you earn now, next payment 23:00 UTC+0.0208%/8h= +22.7% APRnext payment +$0.26 per $10,000 · paid last 24h −0.026%
Price spread now: Polymarket Perps against Lighter+0.067%45s7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as 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−$140.140% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 7 days−0.138%−$14 · spread now +0.067%, 7d avg −0.067%
=Together, before fees−0.248%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Polymarket Perps is 0.134% dearer against Lighter than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.067%. Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XAG | 66.100 | 0.0032 | pay 0.0004% / 1h | 58m 44s | $5.1M | $10.5M | 25x |
| Short | Polymarket Perps SILVER-USD | 66.145 | 0.0240 | get 0.0030% / 1h | 58m 44s | $3.9M | $770K | 20x |
Lighter XAG
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Lighter. 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
- $43.58
- Price spread: +0.067% → −0.067%
- $13.41
- Slippage, 4 orders
- −$6.03
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $42.96
- Costs to cover
- 0.140%
- Break-even
- 0.1 days
Slippage from Lighter: live order book, 5 min ago; 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 Lighter live order book, 5 min ago | 0.96 bp | 1.3 bp −$1 | 1.4 bp −$14 | 9.0 bp −$905 | 32.1 bp −$16.1K |
| Sell Polymarket Perps live order book, 5 min ago | 1.66 bp | 6.1 bp −$6 | 6.3 bp −$63 | 9.3 bp −$929 | doesn't fit |
XAG on 42 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 | 66.067 | −0.050% | $776K | $609K | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0120% | 1h | 66.037 | −0.096% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.121 | +0.032% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.130 | +0.045% | $25.5M | $35.1M | 150x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | 66.145 | +0.068% | $1.3M | $4.3M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.110 | +0.015% | $146.6M | $170.3M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.120 | +0.030% | $2K | $3.3M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.150 | +0.075% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.120 | +0.030% | $1.5M | $248K | 100x | as long as short |
| Bitget XAGUSDT | +0.0010% | 4h | 66.140 | +0.060% | $23.6M | $49.5M | 100x | as long as short |
Kraken Futures PF_XAGUSD
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
RISEx XAG/USDC
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Bitget XAGUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAGUSD | +0.0010% | 1h | 66.048 | −0.079% | $80K | $40K | 10x | as long as short |
| Aster XAGUSDT | +0.0013% | 4h | 66.160 | +0.090% | $2.8M | $1.1M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0016% | 4h | 66.084 | −0.025% | $392K | $1.6M | 25x | as long as short |
| Lighter XAGlong | +0.0032% | 1h | 66.100 | long leg | $5.1M | $10.5M | 25x | |
| Lighter RH XAG | +0.0032% | 1h | 66.098 | −0.003% | $4.4M | $9.3M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.084 | −0.025% | $5.4M | $14.8M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.453% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.030 | −0.107% | $790K | $2.8M | 40x | as long as short |
| Variational Omni XAG | +0.0045% | 4h | 66.103 | +0.003% | $5.3M | $11.1M | — | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.588 | +0.738% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.095 | −0.008% | $164.1M | $96.1M | 25x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.078 | −0.034% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.050 | −0.076% | $5.4M | $9.8M | 25x | as long as short |
| Binance XAGUSDT | +0.0053% | 4h | 66.140 | +0.060% | $190.3M | $782.6M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0054% | 4h | 66.110 | +0.015% | $121.8M | $179.7M | 1000x | as long as short |
| Kalshi KXSILVERPERP | +0.0055% | 24h | 66.097 | −0.005% | $660K | $21.3M | 8.1x | as long as short |
| edgeX XAGUSDC | +0.0057% | 4h | 66.096 | −0.006% | $670K | $316K | 30x | as long as short |
| Aevo XAG-PERP | +0.0064% | 1h | 66.129 | +0.044% | $47K | — | 10x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 66.019 | −0.123% | $56K | $26K | 25x | as long as short |
| BloFin XAG-USDT | +0.0075% | 4h | 66.110 | +0.015% | $2.6M | $1.2M | 100x | as long as short |
| Nado XAG-PERP | +0.0076% | 1h | 66.065 | −0.053% | $1.3M | $6.5M | 10x | as long as short |
| QFEX SILVER-USD | +0.0080% | 1h | 66.090 | −0.016% | $143K | $2.8M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0099% | 8h | 66.128 | +0.042% | $30K | $1K | 5x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.091 | −0.015% | $473K | $643K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.120 | +0.030% | $24.2M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.080 | −0.031% | $112K | $85K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 66.130 | +0.045% | $1.9M | $972K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0142% | 8h | 66.150 | +0.075% | $27.3M | $68.4M | 50x | as long as short |
| Bullet SILVER-USD | +0.0210% | 1h | 66.145 | +0.068% | $44K | $74K | 10x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0240% | 1h | 66.145 | +0.067% | $3.9M | $770K | 20x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0360% / S −0.0369% | 1h | 66.145 | +0.067% | $103K | — | 29x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0506% | 1h | 66.150 | +0.075% | $60K | $363K | 20x | as long as short |
Aftermath Perps XAGUSD
Aster XAGUSDT
GRVT XAG_USDT_Perp
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Variational Omni XAG
Vest SI-PERP
tradeXYZ xyz:SILVER
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Binance XAGUSDT
MEXC SILVER_USDT
Kalshi KXSILVERPERP
edgeX XAGUSDC
Aevo XAG-PERP
Phoenix SILVER
BloFin XAG-USDT
Nado XAG-PERP
QFEX SILVER-USD
Paradex XAG-USD-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL