Funding you earn now, next payment 10:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.005%
Price spread now: Polymarket Perps against tradeXYZ+0.005%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now +0.005%, 7d avg −0.022%
=Together, before fees−0.032%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.026% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.022%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.040% in total) that is about 4.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SILVER | 65.346 | 0.0122 | pay 0.0015% / 1h | 15m 09s | $174.1M | $93.0M | 25x |
| Short | Polymarket Perps SILVER-USD | 65.349 | 0.0050 | get 0.0006% / 1h | 15m 09s | $3.8M | $892K | 20x |
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against tradeXYZ. 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
- −$15.22
- Price spread: +0.005% → −0.022%
- $2.64
- Slippage, 4 orders
- −$3.98
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$42.55
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; Polymarket Perps: live order book, 2 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 tradeXYZ live order book, 8 min ago | 0.08 bp | 9.3 bp −$9 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 0.77 bp | 5.4 bp −$5 | 5.5 bp −$55 | 8.8 bp −$877 | doesn't fit |
XAG on 44 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | −0.0220% | 1h | 64.602 | −1.139% | $11K | $240 | 52x | as long as short |
| Ondo Perps XAG-USD.P | −0.0004% | 1h | 65.280 | −0.101% | $5.7M | $10.5M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.326 | −0.031% | $12K | $6K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.390 | +0.067% | $139.1M | $200.1M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.380 | +0.052% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.410 | +0.098% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.370 | +0.037% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.302 | −0.067% | $118K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.367 | +0.032% | $4.5M | $9.7M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.316 | −0.046% | $5.1M | $11.6M | 10x | as long as short |
Injective XAG/USDC PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | +0.0040% | 1h | 65.364 | +0.028% | $36K | $23K | 20x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.330 | −0.024% | $786K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.796 | +0.689% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0050% | 1h | 65.349 | +0.005% | $3.8M | $892K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.294 | −0.080% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0058% | 8h | 65.369 | +0.035% | $29K | $166 | 5x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 65.370 | +0.037% | $444K | $1.4M | 20x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0088% | 1h | 65.330 | −0.024% | $1.6M | $1.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0096% | 24h | 65.361 | +0.023% | $613K | $37.5M | 8.1x | as long as short |
| Variational Omni XAG | +0.0100% | 4h | 65.381 | +0.053% | $5.7M | $9.2M | — | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.321 | −0.038% | $465K | $574K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.330 | −0.024% | $25.2M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.270 | −0.116% | $111K | $19K | 50x | as long as short |
| Phoenix SILVER | +0.0110% | 1h | 65.288 | −0.089% | $55K | $13K | 25x | as long as short |
| tradeXYZ xyz:SILVERlong | +0.0122% | 1h | 65.346 | long leg | $174.1M | $93.0M | 25x | |
| Aevo XAG-PERP | +0.0128% | 1h | 65.398 | +0.079% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0130% | 4h | 65.360 | +0.021% | $119.7M | $166.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0131% | 4h | 65.370 | +0.037% | $193.0M | $835.9M | 100x | as long as short |
| edgeX XAGUSDC | +0.0135% | 4h | 65.324 | −0.034% | $666K | $315K | 30x | as long as short |
| Aster XAGUSDT | +0.0138% | 4h | 65.386 | +0.061% | $2.7M | $1.1M | 100x | as long as short |
| Nado XAG-PERP | +0.0181% | 1h | 65.346 | 0.000% | $1.2M | $3.9M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0188% | 4h | 65.336 | −0.016% | $394K | $1.6M | 25x | as long as short |
| Lighter XAG | +0.0192% | 1h | 65.361 | +0.022% | $5.1M | $11.7M | 25x | as long as short |
| RISEx XAG/USDC | +0.0206% | 1h | 65.400 | +0.083% | $1.2M | $4.9M | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.350 | +0.006% | $77K | $411K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0214% | 8h | 65.370 | +0.037% | $27.9M | $82.3M | 50x | as long as short |
| Bybit XAGUSDT | +0.0216% | 4h | 65.370 | +0.037% | $30.4M | $46.8M | 150x | as long as short |
| Aftermath Perps XAGUSD | +0.0217% | 1h | 65.319 | −0.041% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0248% | 4h | 65.370 | +0.037% | $23.1M | $50.4M | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0263% / S −0.0229% | 1h | 65.405 | +0.090% | $93K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0272% | 1h | 65.305 | −0.063% | $21K | $12K | 10x | as long as short |
| Bullet SILVER-USD | +0.0277% | 1h | 65.390 | +0.068% | $44K | $74K | 10x | as long as short |
| BloFin XAG-USDT | +0.0371% | 4h | 65.350 | +0.006% | $2.7M | $753K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0775% | 1h | 65.345 | −0.001% | $1.0M | $937K | 25x | as long as short |
Hotstuff SILVER-PERP
StandX XAG-USD
Vest SI-PERP
SoDEX SILVER-USD
Paradex XAG-USD-PERP
QFEX SILVER-USD
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Variational Omni XAG
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Phoenix SILVER
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Aster XAGUSDT
Nado XAG-PERP
GRVT XAG_USDT_Perp
Lighter XAG
RISEx XAG/USDC
Deribit SILVER_USDC-PERPETUAL
OKX XAG-USDT-SWAP
Bybit XAGUSDT
Aftermath Perps XAGUSD
Bitget XAGUSDT
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Bullet SILVER-USD
BloFin XAG-USDT
Kraken Futures PF_XAGUSD