Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.024%

Price spread now: edgeX against Polymarket Perps+0.132%64s7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$240.239% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.132%, 7d avg +0.054%

Together, before fees−0.045%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.077% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.054%. The two prices were read 64 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	65.694	0.0050	pay 0.0006% / 1h	30m 13s	$3.9M	$704K	20x
Short	edgeX XAGUSDC	65.780	0.0157	get 0.0078% / 4h	2h 30m	$669K	$313K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.132%Rate

Funding earned: $22.37
Price spread: +0.132% → +0.054%: $7.73
Slippage, 4 orders: −$6.88
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $6.22
Costs to cover: 0.239%
Break-even: 5.1 days

Slippage from Polymarket Perps: live order book, 4 min ago; edgeX: live order book, 19 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	0.68 bp	4.7 bp −$5	5.6 bp −$56	7.3 bp −$733	doesn't fit
Sell edgeX live order book, 19 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$919	21.3 bp −$10.6K

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
Ondo Perps XAG-USD.P	−0.0034%	1h	65.620	−0.113%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.655	−0.059%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.720	+0.040%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.740	+0.070%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.750	+0.085%	$1.5M	$264K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.659	−0.054%	$120K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.740	+0.070%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.710	+0.025%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.665	−0.045%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.075%	$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
Phoenix SILVER	+0.0036%	1h	65.634	−0.091%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.730	+0.055%	$148.6M	$167.1M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.700	+0.009%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.140	+0.679%	—	—	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	65.694	long leg	$3.9M	$704K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.662	−0.049%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.720	+0.040%	$156K	$2.8M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.700	+0.009%	$72K	$366K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.560	−0.204%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.726	+0.049%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0065%	1h	65.670	−0.037%	$166.2M	$76.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.697	+0.005%	$562K	$27.3M	8.1x	as long as short
Bybit XAGUSDT	+0.0088%	4h	65.750	+0.085%	$28.4M	$38.4M	150x	as long as short
Aster XAGUSDT	+0.0099%	4h	65.738	+0.067%	$2.7M	$926K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.674	−0.030%	$468K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.700	+0.009%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.600	−0.143%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0120%	1h	65.716	+0.033%	$5.4M	$11.0M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.712	+0.027%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0137%	4h	65.665	−0.044%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0146%	4h	65.720	+0.040%	$117.4M	$153.5M	1000x	as long as short
Binance XAGUSDT	+0.0148%	4h	65.730	+0.055%	$189.6M	$719.7M	100x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.696	+0.003%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDCshort	+0.0157%	4h	65.780	+0.132%	$669K	$313K	30x
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.680	−0.021%	$1.7M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.700	+0.009%	$390K	$1.5M	25x	as long as short
BloFin XAG-USDT	+0.0206%	4h	65.670	−0.037%	$2.6M	$605K	100x	as long as short
Bitget XAGUSDT	+0.0212%	4h	65.730	+0.055%	$24.5M	$46.8M	100x	as long as short
Aftermath Perps XAGUSD	+0.0214%	1h	65.773	+0.120%	$79K	$36K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0218%	8h	65.730	+0.055%	$27.4M	$68.6M	50x	as long as short
Bullet SILVER-USD	+0.0230%	1h	65.730	+0.055%	$43K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.608	−0.131%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0360%	1h	65.725	+0.047%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.706	+0.018%	$919K	$749K	25x	as long as short