Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against SunX−0.054%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.054%, 7d avg −0.072%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.072%, 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	SunX XAG-USDT	66.190	0	get 0.0000% / 4h	20m 58s	$2K	$2.7M	20x
Short	Polymarket Perps SILVER-USD	66.154	0.0050	get 0.0006% / 1h	20m 58s	$3.9M	$672K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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 SunXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.054%Rate

Funding earned: $10.5
Price spread: −0.054% → −0.072%: $1.81
Slippage, 4 orders: −$62.4
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$66.09
Costs to cover: 0.784%
Break-even: 51.1 days

Slippage from SunX: live order book, 6 min ago; Polymarket Perps: live order book, 3 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 SunX live order book, 6 min ago	29.47 bp	33.5 bp −$33	62.6 bp −$626	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.28 bp	5.5 bp −$6	5.6 bp −$56	7.4 bp −$739	doesn't fit

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	66.141	−0.074%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	0.000%	$150.2M	$163.4M	100x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.190	long leg	$2K	$2.7M	20x
HTX XAG-USDT	0.0000%	4h	66.210	+0.030%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.180	−0.015%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.109	−0.123%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.161	−0.043%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.109	−0.123%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.317%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	−0.015%	$796K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.623	+0.654%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0046%	1h	66.040	−0.227%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	66.154	−0.054%	$3.9M	$672K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.105	−0.128%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.160	−0.045%	$115K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.145	−0.068%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.143	−0.071%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.144	−0.069%	$545K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.116	−0.111%	$471K	$622K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.150	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.130	−0.091%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.141	−0.074%	$165.9M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.180	−0.015%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0144%	8h	66.179	−0.017%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0144%	4h	66.173	−0.025%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0165%	4h	66.190	0.000%	$27.0M	$36.2M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.166	−0.036%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.175	−0.023%	$48K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	−0.030%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0203%	1h	66.126	−0.097%	$1.4M	$6.4M	10x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	−0.011%	$5.6M	$9.6M	—	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.170	−0.030%	$110.0M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.173	−0.026%	$192.5M	$700.8M	100x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	66.152	−0.058%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0228%	4h	66.187	−0.005%	$672K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0232%	8h	66.180	−0.015%	$27.7M	$65.2M	50x	as long as short
BloFin XAG-USDT	+0.0247%	4h	66.180	−0.015%	$2.6M	$554K	100x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.170	−0.030%	$23.8M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.198	+0.013%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0290%	1h	66.196	+0.009%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.150	−0.060%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.121	−0.104%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0423%	1h	66.175	−0.023%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.147	−0.065%	$913K	$678K	25x	as long as short