Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.007%

Price spread now: Polymarket Perps against Paradex−0.013%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAG-USD-PERP	65.409	0.0059	pay 0.0059% / 8h	1h 50m	$29K	$1K	5x
Short	Polymarket Perps SILVER-USD	65.401	0.0050	get 0.0006% / 1h	50m 05s	$3.9M	$716K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Paradex. 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 ParadexbpFee Polymarket PerpsbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$1.91
Price spread: −0.013% → 0.000%: −$1.25
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 4 min ago	0.76 bp	4.8 bp −$5	5.3 bp −$53	6.5 bp −$650	doesn't fit

Paradex: 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
Hibachi XAG/USDT-P	−0.0120%	1h	65.433	+0.036%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0064%	1h	65.310	−0.152%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.406	−0.005%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.470	+0.093%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.480	+0.108%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	+0.047%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.397	−0.018%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.460	+0.078%	$142.1M	$178.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.431	+0.033%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.402	−0.011%	$5.1M	$11.6M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.515%	$11K	$94K	52x	as long as short
Bybit XAGUSDT	+0.0039%	4h	65.470	+0.093%	$28.6M	$39.5M	150x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	65.460	+0.078%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.440	+0.047%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.867	+0.700%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.430	+0.032%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.417	+0.012%	$170.6M	$83.2M	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.401	−0.013%	$3.9M	$716K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.404	−0.008%	$3K	$6K	20x	as long as short
Aster XAGUSDT	+0.0053%	4h	65.440	+0.047%	$2.7M	$956K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.440	+0.047%	$66K	$370K	20x	as long as short
Paradex XAG-USD-PERPlong	+0.0059%	8h	65.409	long leg	$29K	$1K	5x
RISEx XAG/USDC	+0.0061%	1h	65.436	+0.041%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.232%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.415	+0.009%	$499K	$29.6M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	65.454	+0.068%	$5.4M	$11.3M	25x	as long as short
Variational Omni XAG	+0.0084%	4h	65.404	−0.008%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0092%	4h	65.450	+0.062%	$189.5M	$758.5M	100x	as long as short
MEXC SILVER_USDT	+0.0096%	4h	65.440	+0.047%	$112.9M	$156.5M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.386	−0.036%	$467K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.420	+0.017%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.470	+0.093%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.429	+0.031%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0108%	4h	65.508	+0.151%	$667K	$313K	30x	as long as short
Nado XAG-PERP	+0.0118%	1h	65.417	+0.012%	$1.2M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.370	−0.060%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.500	+0.139%	$394K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0149%	1h	65.439	+0.046%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0192%	4h	65.450	+0.062%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	65.450	+0.062%	$27.8M	$71.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.474	+0.100%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.435	+0.039%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0336%	4h	65.460	+0.078%	$2.6M	$617K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.399	−0.015%	$917K	$744K	25x	as long as short