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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Lighter RH−0.094%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$150.145% of the position
Long on Lighter RHShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 7 days+0.081%+$8 · spread now −0.094%, 7d avg −0.046%
Together, before fees+0.112%+ Points / potential airdropLighter RH: Points live · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.048% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of −0.046%). If the spread goes back, that is −$5 on $10k: about 8.9 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH XAG65.3590.0032pay 0.0004% / 1h28m 26s$4.6M$9.8M25x
ShortPolymarket Perps SILVER-USD65.2970.0050get 0.0006% / 1h28m 26s$3.8M$718K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Lighter RH. 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

Funding earned
$3.78
Price spread: −0.094% → −0.046%
−$4.83
Slippage, 4 orders
−$6.55
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$15.6
Costs to cover
0.145%
Break-even
35.9 days
Slippage from Lighter RH: live order book, 5 min ago; Polymarket Perps: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 5 min ago1.54 bp1.5 bp −$22.4 bp −$2423.8 bp −$2,380doesn't fit
Sell Polymarket Perps live order book, 6 min ago1.61 bp5.7 bp −$65.8 bp −$587.4 bp −$742doesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi XAG/USDT-P−0.0176%1h65.280−0.120%$20K$20K10xas long as short
Ondo Perps XAG-USD.P−0.0093%1h65.220−0.212%$5.6M$9.7M25xas long as short
Hotstuff SILVER-PERP−0.0048%1h65.328−0.047%$35K$21K20xas long as short
dYdX XAG-USD0.0000%1h65.295−0.097%$12K$5K5xas long as short
Bybit XAGUSDT0.0000%4h65.340−0.029%$28.0M$39.8M150xas long as short
SunX XAG-USDT0.0000%4h65.340−0.029%$2K$2.6M20xas long as short
HTX XAG-USDT0.0000%4h65.380+0.033%$1.1M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h65.360+0.002%$1.5M$280K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.310−0.075%$118K—250xas long as short
Gate XAG_USDT+0.0022%4h65.360+0.002%$141.2M$182.2M100xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XAGlong+0.0032%1h65.359long leg$4.6M$9.8M25x
Extended XAG-USD+0.0032%1h65.281−0.119%$5.1M$11.6M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+1.593%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h65.330−0.044%$786K$2.9M40xas long as short
Aster XAGUSDT+0.0041%4h65.340−0.029%$2.7M$966K100xas long as short
Variational Omni XAG+0.0043%4h65.344−0.023%$5.5M$9.4M—as long as short
Vest SI-PERP+0.0046%1h65.753+0.603%——25xas long as short
QFEX SILVER-USD+0.0050%1h65.330−0.044%$152K$2.8M20xas long as short
tradeXYZ xyz:SILVER+0.0050%1h65.307−0.079%$170.3M$83.6M25xas long as short
Polymarket Perps SILVER-USDshort+0.0050%1h65.297−0.094%$3.8M$718K20x
SoDEX SILVER-USD+0.0050%1h65.265−0.143%$3K$6K20xas long as short
Paradex XAG-USD-PERP+0.0056%8h65.325−0.051%$29K$1K5xas long as short
RISEx XAG/USDC+0.0061%1h65.348−0.016%$1.2M$4.9M20xas long as short
Phoenix SILVER+0.0061%1h65.313−0.070%$56K$31K25xas long as short
MEXC SILVER_USDT+0.0064%4h65.330−0.044%$115.9M$157.4M1000xas long as short
Binance XAGUSDT+0.0064%4h65.340−0.029%$190.1M$763.5M100xas long as short
Aevo XAG-PERP+0.0072%1h65.328−0.047%$47K—10xas long as short
edgeX XAGUSDC+0.0073%4h65.347−0.018%$665K$314K30xas long as short
Kalshi KXSILVERPERP+0.0077%24h65.302−0.087%$487K$30.8M8.1xas long as short
Pacifica XAG+0.0100%1h65.307−0.079%$467K$624K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.310−0.075%$25.3M$5.0M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.340−0.029%$112K$19K50xas long as short
GRVT XAG_USDT_Perp+0.0114%4h65.360+0.002%$397K$1.6M25xas long as short
Coinbase International SILVER-PERP-INTX+0.0120%1h65.380+0.033%$1.6M$1.4M20xas long as short
Nado XAG-PERP+0.0129%1h65.291−0.104%$1.2M$5.4M10xas long as short
Lighter XAG+0.0136%1h65.369+0.016%$5.4M$11.4M25xas long as short
Bullet SILVER-USD+0.0177%1h65.348−0.016%$44K$76K10xas long as short
Bitget XAGUSDT+0.0178%4h65.330−0.044%$23.8M$46.4M100xas long as short
OKX XAG-USDT-SWAP+0.0184%8h65.340−0.029%$28.0M$71.0M50xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0210%1h65.310−0.075%$65K$377K20xas long as short
Aftermath Perps XAGUSD+0.0220%1h65.312−0.071%$79K$37K10xas long as short
BloFin XAG-USDT+0.0260%4h65.350−0.013%$2.6M$611K100xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0273% / S −0.0241%1h65.355−0.006%$93K—111xas long as short
Kraken Futures PF_XAGUSD+0.0493%1h65.301−0.088%$915K$746K25xas long as short