Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.012%

Price spread now: Polymarket Perps against Gate−0.037%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days−0.059%−$6 · spread now −0.037%, 7d avg −0.115%

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.079% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.390	0.0026	pay 0.0013% / 4h	1h 26m	$141.1M	$182.4M	100x
Short	Polymarket Perps SILVER-USD	65.366	0.0050	get 0.0006% / 1h	26m 21s	$3.8M	$718K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.037%Rate

Funding earned: $5.04
Price spread: −0.037% → −0.115%: $7.87
Slippage, 4 orders: −$4.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.52
Costs to cover: 0.274%
Break-even: 27.2 days

Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago	0.76 bp	8.3 bp −$8	9.6 bp −$96	11.8 bp −$1,175	14.2 bp −$7,101
Sell Polymarket Perps live order book, 3 min ago	1.45 bp	5.5 bp −$5	5.5 bp −$55	7.0 bp −$695	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
Hibachi XAG/USDT-P	−0.0176%	1h	65.292	−0.149%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0088%	1h	65.260	−0.199%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.145%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.380	−0.015%	$27.8M	$40.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.420	+0.046%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	0.000%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.320	−0.108%	$118K	—	250x	as long as short
Gate XAG_USDTlong	+0.0026%	4h	65.390	long leg	$141.1M	$182.4M	100x
Lighter RH XAG	+0.0032%	1h	65.378	−0.019%	$4.6M	$9.8M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.326	−0.098%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.545%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.344	−0.070%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	−0.046%	$786K	$2.9M	40x	as long as short
Variational Omni XAG	+0.0043%	4h	65.344	−0.071%	$5.5M	$9.4M	—	as long as short
Vest SI-PERP	+0.0046%	1h	65.807	+0.638%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.380	−0.015%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.338	−0.080%	$170.3M	$83.7M	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.366	−0.037%	$3.8M	$718K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.318	−0.110%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.370	−0.030%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.384	−0.010%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.313	−0.118%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0062%	4h	65.390	0.000%	$116.0M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0062%	4h	65.378	−0.018%	$191.0M	$763.7M	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.362	−0.043%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.356	−0.052%	$517K	$31.0M	8.1x	as long as short
edgeX XAGUSDC	+0.0082%	4h	65.326	−0.098%	$665K	$312K	30x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.319	−0.109%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.327	−0.097%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.360	−0.046%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.290	−0.153%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0114%	4h	65.360	−0.046%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.320	−0.107%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0130%	1h	65.348	−0.065%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.378	−0.019%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDT	+0.0176%	4h	65.380	−0.015%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0178%	1h	65.369	−0.032%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0184%	8h	65.380	−0.015%	$28.0M	$70.7M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.360	−0.046%	$65K	$378K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.336	−0.083%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0255%	4h	65.350	−0.061%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.365	−0.038%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.353	−0.056%	$916K	$746K	25x	as long as short