XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%

Price spread now: ApeX Omni against Polymarket Perps−0.046%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$530.525% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.046%, 7d avg +0.041%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.087% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.041%). If the spread goes back, that is −$9 on $10k: about 5.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	65.750	0.0050	pay 0.0006% / 1h	7m 07s	$3.8M	$905K	20x
Short	ApeX Omni XAGUSDT	65.720	0.0100	get 0.0013% / 1h	7m 07s	$112K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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 Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now −0.046%Rate

Funding earned: $10.5
Price spread: −0.046% → +0.041%: −$8.68
Slippage, 4 orders: −$34.51
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$50.69
Costs to cover: 0.525%
Break-even: 40.8 days

Slippage from Polymarket Perps: live order book, 5 min ago; ApeX Omni: live order book, 36 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 Polymarket Perps live order book, 5 min ago	0.08 bp	6.8 bp −$7	6.9 bp −$69	8.5 bp −$852	doesn't fit
Sell ApeX Omni live order book, 36 min ago	7.63 bp	19.3 bp −$19	52.1 bp −$521	doesn't fit	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−3.2000%	1h	65.748	−0.003%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.705	−0.068%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.810	+0.091%	$137.9M	$207.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.770	+0.030%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.820	+0.106%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.770	+0.030%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.708	−0.064%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.767	+0.026%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.705	−0.069%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.746%	$11K	$240	52x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.730	−0.030%	$791K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.199	+0.683%	—	—	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	65.750	long leg	$3.8M	$905K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.704	−0.070%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.690	−0.091%	$5.6M	$11.2M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.760	+0.015%	$448K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.758	+0.013%	$29K	—	5x	as long as short
Bybit XAGUSDT	+0.0060%	4h	65.800	+0.076%	$30.4M	$48.2M	150x	as long as short
Variational Omni XAG	+0.0068%	4h	65.678	−0.109%	$5.6M	$9.0M	—	as long as short
Aster XAGUSDT	+0.0085%	4h	65.790	+0.061%	$2.7M	$1.2M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0088%	1h	65.760	+0.015%	$175.8M	$92.5M	25x	as long as short
MEXC SILVER_USDT	+0.0088%	4h	65.780	+0.046%	$116.5M	$166.8M	1000x	as long as short
Binance XAGUSDT	+0.0090%	4h	65.790	+0.061%	$191.2M	$863.7M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	65.754	+0.006%	$47K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	65.726	−0.037%	$465K	$523K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.730	−0.030%	$25.4M	$4.4M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.720	−0.046%	$112K	$19K	50x
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.620	−0.198%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0105%	24h	65.777	+0.041%	$779K	$39.2M	8.1x	as long as short
edgeX XAGUSDC	+0.0109%	4h	65.707	−0.065%	$670K	$314K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0110%	4h	65.769	+0.030%	$391K	$1.6M	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.780	+0.046%	$1.3M	$5.4M	20x	as long as short
Nado XAG-PERP	+0.0119%	1h	65.743	−0.011%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0122%	1h	65.666	−0.128%	$55K	$14K	25x	as long as short
Lighter XAG	+0.0144%	1h	65.792	+0.064%	$5.3M	$12.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	65.790	+0.061%	$28.1M	$86.1M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0206%	1h	65.750	0.000%	$77K	$412K	20x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	65.705	−0.068%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	65.800	+0.076%	$23.2M	$53.0M	100x	as long as short
Bullet SILVER-USD	+0.0230%	1h	65.772	+0.034%	$45K	$73K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.680	−0.106%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0279% / S −0.0250%	1h	65.805	+0.084%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0330%	4h	65.770	+0.030%	$2.7M	$783K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0546%	1h	65.743	−0.011%	$1.0M	$947K	25x	as long as short