Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.017%

Price spread now: Binance against Polymarket Perps−0.019%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 2 days (all we have)+0.093%+$9 · spread now −0.019%, 7d avg +0.051%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.071% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.051%). If the spread goes back, that is −$7 on $10k: about 41 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	66.349	0.0050	pay 0.0006% / 1h	1m 50s	$3.9M	$672K	20x
Short	Binance XAGUSDT	66.336	0.0188	get 0.0094% / 4h	2h 01m	$192.3M	$707.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: $28.89
Price spread: −0.019% → +0.051%: −$7.07
Slippage, 4 orders: −$4.89
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1.07
Costs to cover: 0.229%
Break-even: 7.3 days

Slippage from Polymarket Perps: live order book, 7 min ago; Binance: live order book, 12 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, 7 min ago	1.13 bp	5.7 bp −$6	6.0 bp −$60	7.8 bp −$776	doesn't fit
Sell Binance live order book, 12 min ago	0.75 bp	5.8 bp −$6	6.3 bp −$63	10.1 bp −$1,007	23.2 bp −$11.6K

XAG on 43 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
dYdX XAG-USD	0.0000%	1h	66.300	−0.074%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.340	−0.014%	$151.9M	$166.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.390	+0.062%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.400	+0.077%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.370	+0.032%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.318	−0.046%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.317	−0.049%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.265	−0.126%	$5.3M	$12.2M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.282	−0.101%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.077%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.350	+0.002%	$798K	$2.9M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0042%	1h	66.270	−0.119%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.807	+0.690%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.266	−0.125%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	66.349	long leg	$3.9M	$672K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.300	−0.074%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.370	+0.032%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.323	−0.039%	$550K	$24.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.391	+0.064%	$1.3M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.292	−0.086%	$165.9M	$75.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.327	−0.033%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.290	−0.089%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.270	−0.119%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.348	−0.001%	$2.7M	$934K	100x	as long as short
Paradex XAG-USD-PERP	+0.0139%	8h	66.377	+0.042%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0149%	4h	66.350	+0.002%	$26.7M	$36.5M	150x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.382	+0.050%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0170%	4h	66.313	−0.054%	$5.5M	$9.8M	—	as long as short
MEXC SILVER_USDT	+0.0184%	4h	66.330	−0.029%	$111.4M	$159.8M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.280	−0.104%	$1.9M	$970K	20x	as long as short
Binance XAGUSDTshort	+0.0188%	4h	66.336	−0.019%	$192.3M	$707.1M	100x
Lighter XAG	+0.0192%	1h	66.324	−0.038%	$5.3M	$10.7M	25x	as long as short
edgeX XAGUSDC	+0.0200%	4h	66.297	−0.079%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	66.330	−0.029%	$27.8M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0217%	1h	66.327	−0.033%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.276	−0.111%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0238%	1h	66.299	−0.076%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.330	−0.029%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0270%	4h	66.330	−0.029%	$398K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.396	+0.071%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0326% / S −0.0334%	1h	66.395	+0.069%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.360	+0.017%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.352	+0.004%	$765K	$478K	25x	as long as short