Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Injective against Polymarket Perps+2.017%111s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 2.017% dearer against Polymarket Perps than usual: you sell high and buy low (spread +2.017% now, against zero (this spread has no 7-day history yet)): +$202 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 months. At the pace of the last 7 days (−0.093% in total) that is about 5 months. The two prices were read 111 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 | 65.087 | 0.0050 | pay 0.0006% / 1h | 21m 31s | $3.8M | $892K | 20x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 21m 31s | $11K | $94K | 52x |
Polymarket Perps SILVER-USD
Injective XAG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$3.5
- Price spread: +2.017% → 0.000%
- $201.73
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $190.21
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 2 min ago; Injective: 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 | 0.92 bp | 5.6 bp −$6 | 5.9 bp −$59 | 7.9 bp −$791 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0056% | 1h | 65.059 | −0.043% | $35K | $21K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0033% | 1h | 64.990 | −0.149% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.070 | −0.026% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.130 | +0.066% | $27.6M | $39.2M | 150x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.043 | −0.068% | $5.5M | $9.1M | — | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.090 | +0.005% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.110 | +0.035% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.120 | +0.051% | $1.5M | $278K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.069 | −0.028% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0030% | 4h | 65.120 | +0.051% | $140.4M | $180.7M | 100x | as long as short |
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Bybit XAGUSDT
Variational Omni XAG
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SILVER_USDT | +0.0030% | 4h | 65.110 | +0.035% | $124.7M | $160.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0030% | 4h | 65.118 | +0.047% | $191.5M | $757.2M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.101 | +0.022% | $4.6M | $9.9M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.042 | −0.069% | $5.0M | $11.7M | 10x | as long as short |
| Aster XAGUSDT | +0.0033% | 4h | 65.120 | +0.051% | $2.7M | $971K | 100x | as long as short |
| edgeX XAGUSDC | +0.0033% | 4h | 65.105 | +0.027% | $663K | $313K | 30x | as long as short |
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | +2.017% | $11K | $94K | 52x | |
| StandX XAG-USD | +0.0040% | 1h | 65.140 | +0.081% | $784K | $2.9M | 40x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.090 | +0.005% | $160K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.530 | +0.681% | — | — | 25x | as long as short |
| Aevo XAG-PERP | +0.0048% | 1h | 65.073 | −0.021% | $47K | — | 10x | as long as short |
| Polymarket Perps SILVER-USDlong | +0.0050% | 1h | 65.087 | long leg | $3.8M | $892K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.024 | −0.097% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0053% | 8h | 65.085 | −0.003% | $29K | $1K | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0059% | 1h | 65.097 | +0.015% | $172.3M | $83.9M | 25x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.047 | −0.061% | $55K | $31K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0080% | 24h | 65.099 | +0.018% | $475K | $32.2M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 64.970 | −0.180% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.041 | −0.071% | $463K | $606K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.080 | −0.011% | $25.2M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.080 | −0.011% | $111K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.115 | +0.043% | $1.2M | $4.8M | 20x | as long as short |
| BloFin XAG-USDT | +0.0120% | 4h | 65.170 | +0.128% | $2.7M | $624K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0132% | 4h | 65.067 | −0.031% | $386K | $1.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0154% | 4h | 65.120 | +0.051% | $23.2M | $44.9M | 100x | as long as short |
| Nado XAG-PERP | +0.0165% | 1h | 65.082 | −0.007% | $1.2M | $4.7M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0169% | 8h | 65.130 | +0.066% | $28.3M | $70.4M | 50x | as long as short |
| Lighter XAG | +0.0176% | 1h | 65.105 | +0.028% | $5.3M | $11.3M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0195% | 1h | 65.096 | +0.014% | $78K | $37K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0211% | 1h | 65.060 | −0.041% | $65K | $394K | 20x | as long as short |
| Bullet SILVER-USD | +0.0230% | 1h | 65.098 | +0.017% | $45K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0232% | 1h | 65.044 | −0.066% | $20K | $17K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.135 | +0.074% | $92K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0364% | 1h | 65.066 | −0.032% | $1.0M | $869K | 25x | as long as short |
MEXC SILVER_USDT
Binance XAGUSDT
Lighter RH XAG
Extended XAG-USD
Aster XAGUSDT
edgeX XAGUSDC
StandX XAG-USD
QFEX SILVER-USD
Vest SI-PERP
Aevo XAG-PERP
SoDEX SILVER-USD
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Phoenix SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Bitget XAGUSDT
Nado XAG-PERP
OKX XAG-USDT-SWAP
Lighter XAG
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD