Funding you earn now, next payment 11:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.036%
Price spread now: Polymarket Perps against Coinbase International+0.089%47s7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.229% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.089%, 7d avg −0.028%
=The price spread pays, funding is against you. Polymarket Perps is 0.117% dearer against Coinbase International than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.028%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.2 days. The two prices were read 47 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 | Coinbase International SILVER-PERP-INTX | 65.510 | 0.0104 | pay 0.0013% / 1h | 6m 24s | $1.6M | $2.1M | 20x |
| Short | Polymarket Perps SILVER-USD | 65.568 | 0.0050 | get 0.0006% / 1h | 6m 24s | $3.8M | $1.5M | 20x |
Coinbase International SILVER-PERP-INTX
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. 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
- −$11.34
- Price spread: +0.089% → −0.028%
- $11.65
- Slippage, 4 orders
- −$4.9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$22.59
- Costs to cover
- 0.229%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Polymarket Perps: live order book, 6 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 Coinbase International live order book, 5 min ago | 0.76 bp | 5.8 bp −$6 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 6 min ago | 0.08 bp | 5.3 bp −$5 | 5.7 bp −$57 | 7.0 bp −$702 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.6784% | 1h | 65.541 | +0.047% | $39K | $26K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.485 | −0.038% | $13K | $8K | 5x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | 65.595 | +0.130% | $1.3M | $5.6M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.640 | +0.198% | $135.2M | $204.4M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.570 | +0.092% | $2K | $2.3M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.580 | +0.107% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.590 | +0.122% | $1.5M | $257K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.552 | +0.064% | $119K | — | 250x | as long as short |
| Variational Omni XAG | +0.0014% | 4h | 65.557 | +0.072% | $5.4M | $9.3M | — | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.584 | +0.113% | $4.6M | $10.0M | 25x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
RISEx XAG/USDC
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Lighter RH XAGShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.544 | +0.052% | $5.1M | $12.3M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.386% | $11K | $240 | 52x | as long as short |
| Ondo Perps XAG-USD.P | +0.0034% | 1h | 65.480 | −0.046% | $5.7M | $11.1M | 25x | as long as short |
| Aster XAGUSDT | +0.0040% | 4h | 65.620 | +0.168% | $2.7M | $1.2M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.560 | +0.076% | $789K | $3.1M | 40x | as long as short |
| QFEX SILVER-USD | +0.0042% | 1h | 65.580 | +0.107% | $446K | $1.4M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0044% | 4h | 65.590 | +0.122% | $120.7M | $166.6M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0045% | 4h | 65.560 | +0.077% | $668K | $314K | 30x | as long as short |
| Binance XAGUSDT | +0.0045% | 4h | 65.620 | +0.168% | $191.5M | $859.8M | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.022 | +0.782% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0050% | 1h | 65.568 | +0.089% | $3.8M | $1.5M | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.505 | −0.008% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0053% | 8h | 65.570 | +0.092% | $29K | — | 5x | as long as short |
| Bybit XAGUSDT | +0.0062% | 4h | 65.630 | +0.183% | $31.0M | $48.6M | 150x | as long as short |
| Aevo XAG-PERP | +0.0064% | 1h | 65.596 | +0.132% | $47K | — | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0078% | 4h | 65.571 | +0.093% | $390K | $1.6M | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0087% | 1h | 65.589 | +0.121% | $175.8M | $85.9M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.527 | +0.027% | $462K | $501K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.560 | +0.076% | $25.3M | $4.1M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.520 | +0.015% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTXlong | +0.0104% | 1h | 65.510 | long leg | $1.6M | $2.1M | 20x | |
| Kalshi KXSILVERPERP | +0.0112% | 24h | 65.551 | +0.063% | $779K | $38.4M | 8.1x | as long as short |
| Phoenix SILVER | +0.0134% | 1h | 65.516 | +0.009% | $55K | $15K | 25x | as long as short |
| Nado XAG-PERP | +0.0139% | 1h | 65.551 | +0.063% | $1.1M | $3.1M | 10x | as long as short |
| Lighter XAG | +0.0152% | 1h | 65.590 | +0.122% | $5.3M | $12.2M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0162% | 8h | 65.620 | +0.168% | $27.6M | $86.4M | 50x | as long as short |
| BloFin XAG-USDT | +0.0175% | 4h | 65.550 | +0.061% | $2.6M | $770K | 100x | as long as short |
| Bitget XAGUSDT | +0.0188% | 4h | 65.620 | +0.168% | $23.4M | $53.4M | 100x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0208% | 1h | 65.550 | +0.061% | $77K | $380K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0226% | 1h | 65.537 | +0.041% | $79K | $37K | 10x | as long as short |
| Bullet SILVER-USD | +0.0242% | 1h | 65.623 | +0.172% | $43K | $70K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0244% / S −0.0204% | 1h | 65.625 | +0.176% | $93K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0248% | 1h | 65.517 | +0.010% | $21K | $12K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0540% | 1h | 65.538 | +0.043% | $1.0M | $958K | 25x | as long as short |
Extended XAG-USD
Injective XAG/USDC PERP
Ondo Perps XAG-USD.P
Aster XAGUSDT
StandX XAG-USD
QFEX SILVER-USD
MEXC SILVER_USDT
edgeX XAGUSDC
Binance XAGUSDT
Vest SI-PERP
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Bybit XAGUSDT
Aevo XAG-PERP
GRVT XAG_USDT_Perp
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Kalshi KXSILVERPERP
Phoenix SILVER
Nado XAG-PERP
Lighter XAG
OKX XAG-USDT-SWAP
BloFin XAG-USDT
Bitget XAGUSDT
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Kraken Futures PF_XAGUSD