XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0336%/8h= +36.7% APRnext payment +$0.42 per $10,000 · paid last 24h +0.045%

Price spread now: GMX against Polymarket Perps+0.095%7-day average +0.074% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.125%+$12 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.095%, 7d avg +0.074%

Together, before fees+0.203%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and GMX is 0.021% dearer against Polymarket Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	66.122	0.0050	pay 0.0006% / 1h	6m 51s	$3.9M	$672K	20x
Short	GMX SILVER/USD [ETH-USDC]	66.185	L +0.0359% / S −0.0386%	get 0.0048% / 1h	6m 51s	$103K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $70.48
Price spread: +0.095% → +0.074%: $2.1
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $52.58
Costs to cover: 0.200%
Break-even: 1.8 days

Slippage unknown: Polymarket Perps: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

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, 2 min ago	0.08 bp	6.5 bp −$6	6.6 bp −$66	7.7 bp −$769	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	66.142	+0.031%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.145	+0.035%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.103%	$149.8M	$165.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	+0.103%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.210	+0.133%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.200	+0.118%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.109	−0.019%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.148	+0.039%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.096	−0.039%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.420%	$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	66.180	+0.088%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.605	+0.730%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0048%	1h	66.080	−0.064%	$5.7M	$9.7M	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	66.122	long leg	$3.9M	$672K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.097	−0.038%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.150	+0.042%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.123	+0.002%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.141	+0.029%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.140	+0.027%	$165.4M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.103	−0.029%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.120	−0.003%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	+0.042%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0125%	4h	66.165	+0.065%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0127%	8h	66.150	+0.043%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0128%	4h	66.200	+0.118%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0161%	4h	66.190	+0.103%	$2.6M	$552K	100x	as long as short
Variational Omni XAG	+0.0174%	4h	66.172	+0.076%	$5.6M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.165	+0.065%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.157	+0.053%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.171	+0.073%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.160	+0.057%	$106.5M	$154.1M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.180	+0.088%	$191.9M	$705.8M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.088%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0200%	4h	66.201	+0.119%	$672K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.180	+0.088%	$27.7M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.111	−0.017%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.162	+0.060%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.180	+0.088%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.200	+0.118%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.178	+0.084%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.170	+0.073%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.160	+0.057%	$63K	$336K	20x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0359% / S −0.0386%	1h	66.185	+0.095%	$103K	—	111x
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.133	+0.016%	$912K	$674K	25x	as long as short