Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h −0.013%
Price spread now: gTrade (Gains Network) against Polymarket Perps−0.012%55s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2802.804% of the position
Funding, last 3 days (all we have)−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.012%, 7d avg −0.035%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.023% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.035%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 42 hours. The two prices were read 55 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 | 65.276 | 0.0050 | pay 0.0006% / 1h | 32m 14s | $3.8M | $856K | 20x |
| Short | gTrade (Gains Network) XAG/USD | 65.268 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 32m 14s | $118K | — | 250x |
Polymarket Perps SILVER-USD
gTrade (Gains Network) XAG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.27
- Price spread: −0.012% → −0.035%
- $2.3
- Slippage, 4 orders
- −$262.42
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$287.4
- Costs to cover
- 2.804%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 37 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, 2 min ago | 1.15 bp | 5.3 bp −$5 | 5.3 bp −$53 | 7.1 bp −$706 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 37 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2012.7 bp −$1.01M |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0056% | 1h | 65.295 | +0.029% | $35K | $21K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0037% | 1h | 65.190 | −0.132% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.242 | −0.052% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.310 | +0.052% | $27.8M | $39.4M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.300 | +0.037% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.340 | +0.098% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.320 | +0.067% | $1.5M | $281K | 100x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.332 | +0.086% | $5.5M | $9.1M | — | as long as short |
| gTrade (Gains Network) XAG/USDshort | L +0.0004% / S −0.0006% | 1h | 65.268 | −0.012% | $118K | — | 250x | |
| Aster XAGUSDT | +0.0024% | 4h | 65.300 | +0.037% | $2.7M | $928K | 100x | as long as short |
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Variational Omni XAG
Aster XAGUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SILVER_USDT | +0.0026% | 4h | 65.300 | +0.037% | $119.3M | $157.4M | 1000x | as long as short |
| Binance XAGUSDT | +0.0026% | 4h | 65.299 | +0.035% | $191.6M | $753.7M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.293 | +0.027% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.244 | −0.049% | $5.0M | $11.6M | 10x | as long as short |
| edgeX XAGUSDC | +0.0032% | 4h | 65.342 | +0.101% | $665K | $313K | 30x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.722% | $11K | $94K | 52x | as long as short |
| Gate XAG_USDT | +0.0034% | 4h | 65.320 | +0.067% | $140.7M | $178.3M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.330 | +0.083% | $786K | $2.9M | 40x | as long as short |
| Aevo XAG-PERP | +0.0040% | 1h | 65.290 | +0.022% | $47K | — | 10x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.300 | +0.037% | $157K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.721 | +0.682% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.264 | −0.018% | $169.6M | $81.7M | 25x | as long as short |
| Polymarket Perps SILVER-USDlong | +0.0050% | 1h | 65.276 | long leg | $3.8M | $856K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.238 | −0.058% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0052% | 8h | 65.291 | +0.023% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.316 | +0.061% | $56K | $31K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0079% | 24h | 65.256 | −0.031% | $466K | $31.8M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.300 | +0.037% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.253 | −0.035% | $464K | $611K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.280 | +0.006% | $25.3M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.310 | +0.052% | $112K | $19K | 50x | as long as short |
| BloFin XAG-USDT | +0.0107% | 4h | 65.350 | +0.113% | $2.7M | $574K | 100x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.325 | +0.075% | $1.2M | $4.8M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0130% | 4h | 65.372 | +0.147% | $384K | $1.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0152% | 4h | 65.300 | +0.037% | $23.2M | $44.7M | 100x | as long as short |
| Nado XAG-PERP | +0.0159% | 1h | 65.275 | −0.001% | $1.2M | $4.7M | 10x | as long as short |
| Lighter XAG | +0.0160% | 1h | 65.297 | +0.033% | $5.3M | $11.1M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0166% | 8h | 65.310 | +0.052% | $28.2M | $69.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0183% | 1h | 65.299 | +0.035% | $79K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0184% | 1h | 65.313 | +0.057% | $20K | $17K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0210% | 1h | 65.280 | +0.006% | $65K | $391K | 20x | as long as short |
| Bullet SILVER-USD | +0.0220% | 1h | 65.314 | +0.058% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.305 | +0.044% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0363% | 1h | 65.267 | −0.014% | $1.0M | $868K | 25x | as long as short |
MEXC SILVER_USDT
Binance XAGUSDT
Lighter RH XAG
Extended XAG-USD
edgeX XAGUSDC
Injective XAG/USDC PERP
Gate XAG_USDT
StandX XAG-USD
Aevo XAG-PERP
QFEX SILVER-USD
Vest SI-PERP
tradeXYZ xyz:SILVER
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Phoenix SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
RISEx XAG/USDC
GRVT XAG_USDT_Perp
Bitget XAGUSDT
Nado XAG-PERP
Lighter XAG
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD