Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.031%

Price spread now: OKX against Polymarket Perps+0.018%47s7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$230.228% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days+0.045%+$5 · spread now +0.018%, 7d avg +0.095%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.077% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.095%). If the spread goes back, that is −$8 on $10k: about 42 hours of funding at the current rate (+$4 a day). The two prices were read 47 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	66.368	0.0050	pay 0.0006% / 1h	37m 40s	$3.9M	$669K	20x
Short	OKX XAG-USDT-SWAP	66.380	0.0197	get 0.0197% / 8h	6h 37m	$28.0M	$65.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $30.93
Price spread: +0.018% → +0.095%: −$7.68
Slippage, 4 orders: −$4.84
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $0.42
Costs to cover: 0.228%
Break-even: 6.9 days

Slippage from Polymarket Perps: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	1.28 bp	5.5 bp −$6	5.6 bp −$56	7.0 bp −$705	doesn't fit
Sell OKX live order book, 1 min ago	0.75 bp	5.8 bp −$6	7.2 bp −$72	14.2 bp −$1,415	106.3 bp −$53.2K

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
dYdX XAG-USD	0.0000%	1h	66.294	−0.111%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.380	+0.018%	$153.7M	$162.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.380	+0.018%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.550	+0.274%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.400	+0.048%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.303	−0.099%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.366	−0.004%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.309	−0.088%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.048%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.530	+0.244%	$800K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.874	+0.762%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	+0.068%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	66.368	long leg	$3.9M	$669K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.303	−0.098%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.027%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.430	+0.093%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.361	−0.011%	$577K	$23.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.450	+0.124%	$1.2M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0080%	4h	66.410	+0.063%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.349	−0.029%	$165.6M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.328	−0.060%	$472K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.350	−0.027%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	+0.184%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.304%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0118%	4h	66.360	−0.012%	$2.7M	$968K	100x	as long as short
Paradex XAG-USD-PERP	+0.0123%	8h	66.372	+0.007%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.206%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.362	−0.009%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.390	+0.033%	$102.2M	$158.0M	1000x	as long as short
Binance XAGUSDT	+0.0153%	4h	66.384	+0.024%	$192.6M	$708.1M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	+0.302%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0160%	1h	66.377	+0.013%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.229%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAPshort	+0.0197%	8h	66.380	+0.018%	$28.0M	$65.9M	50x
Aftermath Perps XAGUSD	+0.0221%	1h	66.456	+0.133%	$80K	$38K	10x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.483	+0.173%	$35K	$21K	20x	as long as short
Nado XAG-PERP	+0.0225%	1h	66.386	+0.028%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.400	+0.048%	$24.4M	$45.9M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.520	+0.229%	$400K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.473	+0.158%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0278%	1h	66.388	+0.030%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.375	+0.011%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.350	−0.027%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.346	−0.033%	$765K	$472K	25x	as long as short