Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.023%

Price spread now: BloFin against Polymarket Perps+0.122%525s7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$250.250% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.240%−$24 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.122%, 7d avg +0.072%

Together, before fees−0.273%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.049% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.072%. Mind the row above: over the last 7 days funding on this pair cost −0.240%, so the current rate has only just turned in your favour. The two prices were read 525 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	66.489	0.0050	pay 0.0006% / 1h	40m 16s	$3.9M	$669K	20x
Short	BloFin XAG-USDT	66.570	0.0103	get 0.0052% / 4h	2h 40m	$2.6M	$624K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.122%Rate

Funding earned: $11.17
Price spread: +0.122% → +0.072%: $4.94
Slippage, 4 orders: −$4.99
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.87
Costs to cover: 0.250%
Break-even: 12.6 days

Slippage from Polymarket Perps: live order book, 4 min ago; BloFin: live order book, 13 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, 4 min ago	1.35 bp	5.7 bp −$6	6.0 bp −$60	7.9 bp −$791	doesn't fit
Sell BloFin live order book, 13 min ago	0.75 bp	6.8 bp −$7	8.1 bp −$81	11.6 bp −$1,161	20.5 bp −$10.2K

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
Hotstuff SILVER-PERP	−0.0008%	1h	66.483	−0.009%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.100%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.510	+0.032%	$154.5M	$161.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.530	+0.062%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.540	+0.077%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.062%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.449	−0.060%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.487	−0.003%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.447	−0.063%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.134%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.480	−0.014%	$800K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.952	+0.696%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.114%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	66.489	long leg	$3.9M	$669K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.438	−0.077%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.440	−0.074%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.530	+0.062%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.473	−0.024%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0069%	4h	66.530	+0.062%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.538	+0.074%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.481	−0.012%	$166.0M	$79.5M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.489	0.000%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.470	−0.029%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	+0.002%	$126K	$23K	50x	as long as short
BloFin XAG-USDTshort	+0.0103%	4h	66.570	+0.122%	$2.6M	$624K	100x
Aster XAGUSDT	+0.0115%	4h	66.520	+0.047%	$2.8M	$971K	100x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	66.519	+0.046%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.024%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.511	+0.033%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0148%	4h	66.510	+0.032%	$108.2M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0149%	4h	66.523	+0.051%	$193.0M	$707.7M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	+0.120%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0160%	1h	66.506	+0.026%	$5.4M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.047%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.520	+0.047%	$28.1M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	66.494	+0.007%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0222%	4h	66.520	+0.047%	$24.4M	$45.8M	100x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.465	−0.037%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.591	+0.153%	$395K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.447	−0.063%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.528	+0.059%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.515	+0.039%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.490	+0.002%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.484	−0.008%	$767K	$488K	25x	as long as short