Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h −0.013%
Price spread now: gTrade (Gains Network) against Polymarket Perps−0.054%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2812.814% of the position
Funding, last 3 days (all we have)−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)+0.124%+$12 · spread now −0.054%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.025% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SILVER-USD | 66.446 | 0.0050 | pay 0.0006% / 1h | 45m 43s | $3.9M | $699K | 20x |
| Short | gTrade (Gains Network) XAG/USD | 66.410 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 45m 43s | $120K | — | 250x |
Polymarket Perps SILVER-USD
gTrade (Gains Network) XAG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.27
- Price spread: −0.054% → −0.028%
- −$2.54
- Slippage, 4 orders
- −$263.4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$293.21
- Costs to cover
- 2.814%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 63 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, 3 min ago | 1.05 bp | 6.1 bp −$6 | 6.2 bp −$62 | 7.8 bp −$783 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 63 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2012.7 bp −$1.01M |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.428 | −0.026% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.460 | +0.021% | $25.7M | $33.3M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.440 | −0.009% | $147.4M | $169.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.480 | +0.051% | $2K | $3.1M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.480 | +0.051% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.480 | +0.051% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDshort | L +0.0004% / S −0.0006% | 1h | 66.410 | −0.054% | $120K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 66.432 | −0.021% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.383 | −0.095% | $5.5M | $12.3M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.069% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SILVER | +0.0036% | 1h | 66.397 | −0.074% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.400 | −0.069% | $795K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.912 | +0.701% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.436 | −0.015% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USDlong | +0.0050% | 1h | 66.446 | long leg | $3.9M | $699K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.408 | −0.057% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.350 | −0.144% | $5.7M | $10.0M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0059% | 24h | 66.415 | −0.047% | $592K | $21.3M | 8.1x | as long as short |
| QFEX SILVER-USD | +0.0061% | 1h | 66.470 | +0.036% | $124K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0069% | 1h | 66.409 | −0.056% | $165.5M | $87.5M | 25x | as long as short |
| Variational Omni XAG | +0.0086% | 4h | 66.457 | +0.016% | $5.6M | $10.3M | — | as long as short |
| Aster XAGUSDT | +0.0089% | 4h | 66.450 | +0.006% | $2.8M | $1.1M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.389 | −0.086% | $475K | $625K | 10x | as long as short |
| MEXC SILVER_USDT | +0.0100% | 4h | 66.440 | −0.009% | $114.2M | $152.8M | 1000x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.420 | −0.039% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.400 | −0.069% | $126K | $26K | 50x | as long as short |
| Binance XAGUSDT | +0.0101% | 4h | 66.447 | +0.001% | $191.6M | $723.7M | 100x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.463 | +0.026% | $48K | — | 10x | as long as short |
| Paradex XAG-USD-PERP | +0.0105% | 8h | 66.430 | −0.024% | $30K | $1K | 5x | as long as short |
| edgeX XAGUSDC | +0.0110% | 4h | 66.444 | −0.003% | $674K | $315K | 30x | as long as short |
| BloFin XAG-USDT | +0.0111% | 4h | 66.450 | +0.006% | $2.6M | $650K | 100x | as long as short |
| Lighter XAG | +0.0112% | 1h | 66.429 | −0.025% | $5.2M | $10.3M | 25x | as long as short |
| Bitget XAGUSDT | +0.0116% | 4h | 66.450 | +0.006% | $24.2M | $47.9M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0147% | 1h | 66.421 | −0.037% | $80K | $40K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0152% | 4h | 66.460 | +0.021% | $395K | $1.4M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0160% | 1h | 66.460 | +0.021% | $1.9M | $860K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0188% | 8h | 66.450 | +0.006% | $27.6M | $66.3M | 50x | as long as short |
| RISEx XAG/USDC | +0.0208% | 1h | 66.451 | +0.007% | $1.3M | $4.2M | 20x | as long as short |
| Bullet SILVER-USD | +0.0245% | 1h | 66.486 | +0.061% | $45K | $76K | 10x | as long as short |
| Nado XAG-PERP | +0.0254% | 1h | 66.425 | −0.032% | $1.3M | $6.5M | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0258% / S −0.0231% | 1h | 66.475 | +0.044% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0288% | 1h | 66.400 | −0.069% | $20K | $22K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0352% | 1h | 66.450 | +0.006% | $51K | $360K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0596% | 1h | 66.436 | −0.016% | $768K | $569K | 25x | as long as short |
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
Hotstuff SILVER-PERP
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Variational Omni XAG
Aster XAGUSDT
Pacifica XAG
MEXC SILVER_USDT
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Binance XAGUSDT
Aevo XAG-PERP
Paradex XAG-USD-PERP
edgeX XAGUSDC
BloFin XAG-USDT
Lighter XAG
Bitget XAGUSDT
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
RISEx XAG/USDC
Bullet SILVER-USD
Nado XAG-PERP
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD