Funding spread now, next payment 16:00 UTC+0.0225%/8h
next payment, per $10,000+$0.28paid, last 24h+0.034%paid, last 3 days+0.020%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid 0.020% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SILVER-USD | 66.194 | 0.0050 | pay 0.0006% / 1h | 23m 18s | $3.7M | $244K | 20x |
| Short | GMX SILVER/USD [ETH-USDC] | 66.235 | L +0.0271% / S −0.0275% | get 0.0034% / 1h | 23m 18s | $85K | — | 111x |
Funding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $47.18
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $27.18
- Break-even
- 3.0 days
Slippage unknown: Polymarket Perps: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.
Price risk
price view- Price gap now
- +0.062%
- Avg gap 7d
- —
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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 | 1.28 bp | 6.0 bp −$6 | 6.2 bp −$62 | 8.1 bp −$806 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 43 venues
lowest funding first. Swap a leg.| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0051% | 1h | $6.1M | $7.8M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | $15K | $997 | 5x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | $1.4M | $3.2M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | $130.0M | $182.2M | 100x | as long as short |
| Kalshi KXSILVERPERP | 0.0000% | 24h | $704K | $18.7M | 8.1x | as long as short |
| Phoenix SILVER | 0.0000% | 1h | $56K | $26K | 25x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | $2K | $3.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | $1.0M | $894K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | $1.5M | $247K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | $115K | — | 250x | as long as short |
Polymarket Perps SILVER-USD
GMX SILVER/USD [ETH-USDC]
RISEx XAG/USDC
Gate XAG_USDT
Phoenix SILVER
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Kraken Futures PF_XAGUSD
Aster XAGUSDT
BloFin XAG-USDT
Lighter RH XAG
Injective XAG/USDC PERP
StandX XAG-USD
tradeXYZ xyz:SILVER
SoDEX SILVER-USD
Variational Omni XAG
Paradex XAG-USD-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Extended XAG-USD
Lighter XAG
Bybit XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Bitget XAGUSDT
Deribit SILVER_USDC-PERPETUAL
Coinbase International SILVER-PERP-INTX