Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.021%

Price spread now: Binance against Polymarket Perps0.000%7-day average +0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days+0.064%+$6 · spread now 0.000%, 7d avg +0.101%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.101% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	65.128	0.0050	pay 0.0006% / 1h	9m 05s	$3.8M	$892K	20x
Short	Binance XAGUSDT	65.128	0.0034	get 0.0017% / 4h	9m 05s	$191.3M	$755.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$3.28
Price spread: 0.000% → +0.101%: −$10.15
Slippage, 4 orders: −$4.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.81
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Binance: live order book, 5 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 Polymarket Perps live order book, 5 min ago	1.30 bp	5.4 bp −$5	5.5 bp −$55	6.9 bp −$692	doesn't fit
Sell Binance live order book, 5 min ago	0.77 bp	5.8 bp −$6	5.8 bp −$58	8.3 bp −$834	22.0 bp −$11.0K

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	−0.0027%	1h	65.040	−0.135%	$5.7M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.120	−0.012%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.140	+0.018%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.152%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.150	+0.034%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.170	+0.064%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.150	+0.034%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.080	−0.073%	$118K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	65.128	0.000%	$35K	$21K	20x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.140	+0.018%	$140.3M	$181.5M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.141	+0.020%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.091	−0.056%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.953%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.130	+0.003%	$125.9M	$162.3M	1000x	as long as short
Binance XAGUSDTshort	+0.0034%	4h	65.128	0.000%	$191.3M	$755.7M	100x
StandX XAG-USD	+0.0040%	1h	65.240	+0.172%	$785K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.120	−0.012%	$2.7M	$981K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.150	+0.034%	$171K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.588	+0.706%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.147	+0.029%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	65.128	long leg	$3.8M	$892K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.088	−0.061%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.251	+0.189%	$664K	$312K	30x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.141	+0.020%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.211	+0.127%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.086	−0.064%	$173.0M	$84.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.146	+0.028%	$490K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.243%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.100	−0.042%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.110	−0.028%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.200	+0.111%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.158	+0.046%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0138%	4h	65.150	+0.034%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.219	+0.139%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.116	−0.018%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.140	+0.018%	$23.2M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0172%	8h	65.130	+0.003%	$28.4M	$70.5M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.128	−0.001%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.145	+0.026%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.130	+0.003%	$65K	$397K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.173	+0.068%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.159	+0.048%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.145	+0.026%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.119	−0.014%	$1.0M	$869K	25x	as long as short