XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.025%

Price spread now: Lighter against Polymarket Perps+0.058%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$140.135% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days+0.025%+$3 · spread now +0.058%, 7d avg +0.065%

Together, before fees+0.131%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	66.502	0.0050	pay 0.0006% / 1h	29m 01s	$3.9M	$700K	20x
Short	Lighter XAG	66.540	0.0112	get 0.0014% / 1h	29m 01s	$5.4M	$10.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.058%Rate

Funding earned: $13.02
Price spread: +0.058% → +0.065%: −$0.73
Slippage, 4 orders: −$5.53
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.24
Costs to cover: 0.135%
Break-even: 7.7 days

Slippage from Polymarket Perps: live order book, 5 min ago; Lighter: live order book, 4 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	0.08 bp	4.1 bp −$4	4.1 bp −$41	5.5 bp −$548	doesn't fit
Sell Lighter live order book, 4 min ago	0.65 bp	0.7 bp −$1	0.8 bp −$8	8.2 bp −$822	19.7 bp −$9,830

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	66.490	−0.018%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.570	+0.102%	$155.1M	$167.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.550	+0.072%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.600	+0.147%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.610	+0.162%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.472	−0.044%	$120K	—	250x	as long as short
Bybit XAGUSDT	+0.0007%	4h	66.580	+0.117%	$26.1M	$35.4M	150x	as long as short
Lighter RH XAG	+0.0032%	1h	66.525	+0.034%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.471	−0.046%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.153%	$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	66.540	+0.057%	$801K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.972	+0.707%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.505	+0.005%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.492	−0.015%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.519	+0.026%	$165.4M	$85.5M	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	66.502	long leg	$3.9M	$700K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.472	−0.045%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.440	−0.093%	$5.7M	$9.7M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.530	+0.042%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.498	−0.006%	$567K	$21.5M	8.1x	as long as short
BloFin XAG-USDT	+0.0083%	4h	66.570	+0.102%	$2.6M	$703K	100x	as long as short
Aster XAGUSDT	+0.0083%	4h	66.540	+0.057%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0087%	4h	66.545	+0.064%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0095%	8h	66.534	+0.048%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	66.550	+0.072%	$108.6M	$160.2M	1000x	as long as short
Binance XAGUSDT	+0.0099%	4h	66.568	+0.100%	$192.5M	$723.0M	100x	as long as short
edgeX XAGUSDC	+0.0099%	4h	66.546	+0.066%	$675K	$316K	30x	as long as short
Pacifica XAG	+0.0100%	1h	66.486	−0.024%	$474K	$623K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	−0.003%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.540	+0.057%	$127K	$24K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0104%	4h	66.559	+0.085%	$394K	$1.5M	25x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.531	+0.043%	$48K	—	10x	as long as short
Lighter XAGshort	+0.0112%	1h	66.540	+0.058%	$5.4M	$10.5M	25x
RISEx XAG/USDC	+0.0148%	1h	66.540	+0.057%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0165%	1h	66.484	−0.027%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	66.560	+0.087%	$24.5M	$48.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.117%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.570	+0.102%	$28.0M	$67.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	66.532	+0.045%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0220%	1h	66.543	+0.062%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.496	−0.009%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.545	+0.065%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	+0.027%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.507	+0.008%	$765K	$565K	25x	as long as short