Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0299%/8h= +32.8% APRpaid last 24h +0.028%

Price spread now: BloFin against Polymarket Perps+0.046%45s7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as 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−$250.252% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.211%−$21 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.046%, 7d avg +0.068%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.068%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.211%, so the current rate has only just turned in your favour. The two prices were read 45 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	Polymarket Perps SILVER-USD	65.560	0.0050	pay 0.0006% / 1h	43m 43s	$3.8M	$893K	20x
Short	BloFin XAG-USDT	65.590	0.0349	get 0.0175% / 4h	1h 43m	$2.7M	$771K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.046%Rate

Funding earned: $62.83
Price spread: +0.046% → +0.068%: −$2.22
Slippage, 4 orders: −$5.18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $35.43
Costs to cover: 0.252%
Break-even: 3.1 days

Slippage from Polymarket Perps: live order book, 3 min ago; BloFin: 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 Polymarket Perps live order book, 3 min ago	1.60 bp	5.6 bp −$6	5.7 bp −$57	13.6 bp −$1,355	doesn't fit
Sell BloFin live order book, 3 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	9.0 bp −$904	18.0 bp −$8,981

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	−3.2000%	1h	65.532	−0.043%	$36K	$23K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0002%	1h	65.490	−0.107%	$5.7M	$11.0M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.525	−0.053%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.610	+0.076%	$138.3M	$204.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.610	+0.076%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.630	+0.107%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	+0.107%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.566	+0.009%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.602	+0.064%	$4.6M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.532	−0.043%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.461%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.590	+0.046%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.026	+0.711%	—	—	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	65.560	long leg	$3.8M	$893K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.551	−0.014%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.590	+0.046%	$446K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.580	+0.030%	$29K	—	5x	as long as short
tradeXYZ xyz:SILVER	+0.0059%	1h	65.567	+0.011%	$174.3M	$94.1M	25x	as long as short
Variational Omni XAG	+0.0081%	4h	65.578	+0.028%	$5.7M	$9.1M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.544	−0.025%	$466K	$567K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.560	0.000%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.620	+0.092%	$112K	$19K	50x	as long as short
Kalshi KXSILVERPERP	+0.0100%	24h	65.594	+0.052%	$718K	$38.7M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	+0.198%	$1.6M	$1.9M	20x	as long as short
Aster XAGUSDT	+0.0104%	4h	65.600	+0.061%	$2.7M	$1.1M	100x	as long as short
Binance XAGUSDT	+0.0105%	4h	65.602	+0.065%	$191.2M	$864.0M	100x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	65.590	+0.046%	$121.7M	$163.3M	1000x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.604	+0.067%	$47K	—	10x	as long as short
Bybit XAGUSDT	+0.0116%	4h	65.620	+0.092%	$30.6M	$48.2M	150x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.600	+0.061%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0122%	1h	65.545	−0.023%	$55K	$14K	25x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.656	+0.147%	$396K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0130%	4h	65.649	+0.135%	$669K	$315K	30x	as long as short
Nado XAG-PERP	+0.0139%	1h	65.557	−0.004%	$1.2M	$3.6M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.601	+0.063%	$5.1M	$11.6M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.600	+0.061%	$77K	$414K	20x	as long as short
Bullet SILVER-USD	+0.0208%	1h	65.610	+0.076%	$44K	$73K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	65.600	+0.061%	$27.9M	$85.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	65.609	+0.075%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	65.600	+0.061%	$23.2M	$52.8M	100x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	65.554	−0.008%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0270% / S −0.0238%	1h	65.615	+0.084%	$93K	—	111x	as long as short
BloFin XAG-USDTshort	+0.0349%	4h	65.590	+0.046%	$2.7M	$771K	100x
Kraken Futures PF_XAGUSD	+0.0548%	1h	65.581	+0.032%	$1.0M	$943K	25x	as long as short