XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0337%/8h= −36.9% APRnext payment −$0.42 per $10,000 · paid last 24h −0.060%

Price spread now: Polymarket Perps against GMX−0.059%7-day average −0.074% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.197%−$20 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now −0.059%, 7d avg −0.074%

Together, before fees−0.262%−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	65.985	L +0.0387% / S −0.0440%	pay 0.0048% / 1h	39m 34s	$105K	—	111x
Short	Polymarket Perps SILVER-USD	65.946	0.0050	get 0.0006% / 1h	39m 34s	$3.9M	$674K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GMX. 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 GMXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$70.78
Price spread: −0.059% → −0.074%: $1.46
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$89.32
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 4 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 4 min ago	0.99 bp	5.6 bp −$6	5.9 bp −$59	7.7 bp −$774	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Ondo Perps XAG-USD.P	−0.0046%	1h	65.880	−0.159%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.078%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.010	+0.038%	$149.6M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.980	−0.008%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.010	+0.038%	$1.0M	$966K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	−0.008%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.911	−0.112%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.964	−0.031%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.929	−0.085%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.629%	$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	65.970	−0.023%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.397	+0.624%	—	—	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.946	−0.059%	$3.9M	$674K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.916	−0.105%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.944	−0.062%	$166.0M	$73.5M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.980	−0.008%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	65.963	−0.033%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.935	−0.076%	$539K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.889	−0.145%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.992	+0.010%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.924	−0.093%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.950	−0.053%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	−0.099%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0109%	4h	66.010	+0.038%	$27.4M	$36.4M	150x	as long as short
Lighter XAG	+0.0112%	1h	65.981	−0.007%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0116%	8h	65.986	+0.002%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0137%	4h	65.970	−0.023%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0180%	1h	65.937	−0.072%	$1.4M	$6.0M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	65.973	−0.018%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	−0.033%	$5.6M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0202%	4h	65.990	+0.008%	$191.0M	$702.6M	100x	as long as short
MEXC SILVER_USDT	+0.0202%	4h	65.990	+0.008%	$112.8M	$152.1M	1000x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.960	−0.038%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	65.973	−0.018%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.053%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0213%	4h	65.953	−0.048%	$669K	$310K	30x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.939	−0.070%	$79K	$36K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0233%	8h	65.990	+0.008%	$27.7M	$64.7M	50x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.990	+0.008%	$45K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0238%	4h	65.960	−0.038%	$2.6M	$556K	100x	as long as short
Bitget XAGUSDT	+0.0242%	4h	65.990	+0.008%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	65.912	−0.111%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0387% / S −0.0440%	1h	65.985	long leg	$105K	—	111x
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.940	−0.068%	$910K	$683K	25x	as long as short