Funding you earn now, next payment 05:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Injective against Polymarket Perps+0.569%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 0.569% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.569% now, against zero (this spread has no 7-day history yet)): +$57 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−0.093% in total) that is about 43 days. The two prices were read 51 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 | 66.024 | 0.0050 | pay 0.0006% / 1h | 13m 51s | $3.9M | $676K | 20x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 13m 51s | $11K | $94K | 52x |
Polymarket Perps SILVER-USD
Injective XAG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$3.5
- Price spread: +0.569% → 0.000%
- $56.95
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $45.43
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 5 min ago; Injective: no order-book sample. 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 Polymarket Perps live order book, 5 min ago | 0.08 bp | 4.4 bp −$4 | 4.4 bp −$44 | 7.0 bp −$697 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0057% | 1h | 65.960 | −0.097% | $5.7M | $9.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | −0.054% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.070 | +0.070% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.080 | +0.085% | $1.0M | $949K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.060 | +0.055% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.993 | −0.046% | $120K | — | 250x | as long as short |
| Hotstuff SILVER-PERP | +0.0024% | 1h | 66.024 | 0.000% | $35K | $21K | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.049 | +0.038% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.996 | −0.042% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | +0.569% | $11K | $94K | 52x |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Hotstuff SILVER-PERP
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate XAG_USDT | +0.0034% | 4h | 66.080 | +0.085% | $149.9M | $164.2M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.060 | +0.055% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.478 | +0.688% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USDlong | +0.0050% | 1h | 66.024 | long leg | $3.9M | $676K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.994 | −0.045% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0054% | 1h | 66.030 | +0.009% | $166.3M | $74.0M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 66.041 | +0.026% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.050 | +0.039% | $114K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 66.008 | −0.024% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0073% | 24h | 66.020 | −0.006% | $557K | $26.4M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.065 | +0.062% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.003 | −0.032% | $470K | $605K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.030 | +0.009% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.010 | −0.021% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0112% | 1h | 66.051 | +0.042% | $5.2M | $10.9M | 25x | as long as short |
| Bybit XAGUSDT | +0.0113% | 4h | 66.080 | +0.085% | $27.8M | $36.5M | 150x | as long as short |
| Aster XAGUSDT | +0.0121% | 4h | 66.066 | +0.063% | $2.7M | $866K | 100x | as long as short |
| Variational Omni XAG | +0.0165% | 4h | 66.053 | +0.045% | $5.6M | $9.5M | — | as long as short |
| BloFin XAG-USDT | +0.0165% | 4h | 66.060 | +0.055% | $2.6M | $563K | 100x | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.053 | +0.043% | $47K | — | 10x | as long as short |
| Nado XAG-PERP | +0.0176% | 1h | 66.012 | −0.018% | $1.4M | $5.8M | 10x | as long as short |
| MEXC SILVER_USDT | +0.0176% | 4h | 66.050 | +0.039% | $115.0M | $152.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0177% | 4h | 66.069 | +0.068% | $191.6M | $702.0M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0178% | 4h | 66.079 | +0.084% | $395K | $1.5M | 25x | as long as short |
| edgeX XAGUSDC | +0.0186% | 4h | 66.058 | +0.052% | $670K | $312K | 30x | as long as short |
| Aftermath Perps XAGUSD | +0.0191% | 1h | 66.046 | +0.034% | $80K | $36K | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 66.030 | +0.009% | $1.8M | $1.0M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0225% | 8h | 66.070 | +0.070% | $27.7M | $64.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0226% | 4h | 66.070 | +0.070% | $24.0M | $45.2M | 100x | as long as short |
| Bullet SILVER-USD | +0.0231% | 1h | 66.064 | +0.060% | $44K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.020 | −0.006% | $20K | $19K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.040 | +0.024% | $75K | $363K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0440% | 1h | 66.065 | +0.062% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 66.029 | +0.008% | $911K | $683K | 25x | as long as short |
Gate XAG_USDT
StandX XAG-USD
Vest SI-PERP
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Bybit XAGUSDT
Aster XAGUSDT
Variational Omni XAG
BloFin XAG-USDT
Aevo XAG-PERP
Nado XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
GRVT XAG_USDT_Perp
edgeX XAGUSDC
Aftermath Perps XAGUSD
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD