XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.042%

Price spread now: Coinbase International against Polymarket Perps−0.024%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 3 days (all we have)+0.085%+$9 · spread now −0.024%, 7d avg +0.029%

Together, before fees+0.243%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.053% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.029%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	66.336	0.0079	pay 0.0010% / 1h	58m 38s	$3.9M	$672K	20x
Short	Coinbase International SILVER-PERP-INTX	66.320	0.0192	get 0.0024% / 1h	58m 38s	$1.9M	$971K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.024%Rate

Funding earned: $23.79
Price spread: −0.024% → +0.029%: −$5.35
Slippage, 4 orders: −$6.01
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.57
Costs to cover: 0.240%
Break-even: 8.6 days

Slippage from Polymarket Perps: live order book, 5 min ago; Coinbase International: live order book, 5 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	1.13 bp	5.5 bp −$5	6.1 bp −$61	8.2 bp −$819	doesn't fit
Sell Coinbase International live order book, 5 min ago	0.75 bp	7.1 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit

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	−0.055%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.420	+0.127%	$152.2M	$161.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.370	+0.051%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.400	+0.096%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.370	+0.051%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.292	−0.067%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.386	+0.075%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.317	−0.029%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.096%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.350	+0.021%	$798K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.791	+0.686%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.315	−0.032%	$56K	$25K	25x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.282	−0.081%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.084%	$5.7M	$9.7M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.410	+0.112%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.308	−0.042%	$536K	$24.5M	8.1x	as long as short
Polymarket Perps SILVER-USDlong	+0.0079%	1h	66.336	long leg	$3.9M	$672K	20x
Pacifica XAG	+0.0100%	1h	66.343	+0.011%	$472K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.350	+0.021%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.280	−0.084%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0141%	1h	66.343	+0.011%	$166.0M	$75.7M	25x	as long as short
Aster XAGUSDT	+0.0141%	4h	66.382	+0.069%	$2.7M	$934K	100x	as long as short
Paradex XAG-USD-PERP	+0.0141%	8h	66.375	+0.059%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0152%	4h	66.440	+0.157%	$26.7M	$36.4M	150x	as long as short
Variational Omni XAG	+0.0176%	4h	66.333	−0.004%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.349	+0.020%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.414	+0.117%	$1.3M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.390	+0.081%	$111.6M	$151.6M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.433	+0.147%	$192.5M	$707.0M	100x	as long as short
Lighter XAG	+0.0192%	1h	66.391	+0.084%	$5.3M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0192%	1h	66.320	−0.024%	$1.9M	$971K	20x
edgeX XAGUSDC	+0.0197%	4h	66.335	−0.002%	$673K	$315K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.430	+0.142%	$27.9M	$65.8M	50x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.317	−0.029%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.283	−0.079%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0237%	1h	66.309	−0.041%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0240%	1h	66.297	−0.059%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.400	+0.096%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.382	+0.069%	$399K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0327% / S −0.0336%	1h	66.370	+0.051%	$103K	—	111x	as long as short
Bullet SILVER-USD	+0.0347%	1h	66.360	+0.036%	$46K	$75K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.350	+0.021%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.330	−0.009%	$765K	$478K	25x	as long as short