Funding you earn now, next payment 03:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h −0.004%
Price spread now: Polymarket Perps against tradeXYZ+0.014%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$290.294% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now +0.014%, 7d avg −0.022%
=Together, before fees−0.031%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.036% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.022%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.037% in total) that is about 6.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SILVER | 66.124 | 0.0095 | pay 0.0012% / 1h | 0m 42s | $165.4M | $73.9M | 25x |
| Short | Polymarket Perps SILVER-USD | 66.133 | 0.0050 | get 0.0006% / 1h | 0m 42s | $3.9M | $672K | 20x |
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against tradeXYZ. 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
- −$9.38
- Price spread: +0.014% → −0.022%
- $3.56
- Slippage, 4 orders
- −$3.37
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$35.19
- Costs to cover
- 0.294%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Polymarket Perps: 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 tradeXYZ live order book, 9 min ago | 0.08 bp | 9.5 bp −$9 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 0.61 bp | 5.2 bp −$5 | 5.5 bp −$55 | 7.2 bp −$725 | doesn't fit |
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 | 66.087 | −0.056% | $15K | — | 5x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.134 | +0.015% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.190 | +0.100% | $149.9M | $165.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.210 | +0.130% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.210 | +0.130% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.220 | +0.145% | $1.5M | $256K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.114 | −0.016% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.143 | +0.029% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.108 | −0.024% | $5.2M | $12.0M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.417% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0039% | 1h | 66.050 | −0.112% | $5.7M | $9.7M | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.150 | +0.039% | $796K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.594 | +0.711% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0050% | 1h | 66.133 | +0.014% | $3.9M | $672K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.108 | −0.024% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.160 | +0.054% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0066% | 24h | 66.137 | +0.020% | $545K | $24.8M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.097 | −0.041% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVERlong | +0.0095% | 1h | 66.124 | long leg | $165.4M | $73.9M | 25x | |
| Pacifica XAG | +0.0100% | 1h | 66.108 | −0.024% | $470K | $612K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.130 | +0.009% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.110 | −0.021% | $113K | $30K | 50x | as long as short |
| Aster XAGUSDT | +0.0126% | 4h | 66.177 | +0.081% | $2.7M | $877K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0129% | 8h | 66.164 | +0.061% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0134% | 4h | 66.190 | +0.100% | $26.9M | $36.0M | 150x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.177 | +0.080% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0181% | 4h | 66.181 | +0.087% | $5.6M | $9.8M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.179 | +0.083% | $1.3M | $4.4M | 20x | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.148 | +0.037% | $5.2M | $10.6M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0190% | 4h | 66.170 | +0.070% | $107.8M | $154.4M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.180 | +0.085% | $1.8M | $1.0M | 20x | as long as short |
| Binance XAGUSDT | +0.0192% | 4h | 66.160 | +0.054% | $192.2M | $704.0M | 100x | as long as short |
| edgeX XAGUSDC | +0.0198% | 4h | 66.162 | +0.058% | $671K | $315K | 30x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0204% | 1h | 66.150 | +0.039% | $63K | $337K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0217% | 8h | 66.170 | +0.070% | $27.7M | $65.8M | 50x | as long as short |
| Nado XAG-PERP | +0.0223% | 1h | 66.118 | −0.009% | $1.3M | $6.5M | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0228% | 1h | 66.141 | +0.026% | $80K | $37K | 10x | as long as short |
| BloFin XAG-USDT | +0.0233% | 4h | 66.180 | +0.085% | $2.6M | $551K | 100x | as long as short |
| Bitget XAGUSDT | +0.0240% | 4h | 66.170 | +0.070% | $23.8M | $45.6M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0256% | 4h | 66.163 | +0.058% | $397K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0273% | 1h | 66.190 | +0.099% | $45K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.100 | −0.036% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0362% / S −0.0390% | 1h | 66.195 | +0.107% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0550% | 1h | 66.148 | +0.036% | $913K | $674K | 25x | as long as short |
Ondo Perps XAG-USD.P
StandX XAG-USD
Vest SI-PERP
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
Paradex XAG-USD-PERP
Bybit XAGUSDT
Aevo XAG-PERP
Variational Omni XAG
RISEx XAG/USDC
Lighter XAG
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
Binance XAGUSDT
edgeX XAGUSDC
Deribit SILVER_USDC-PERPETUAL
OKX XAG-USDT-SWAP
Nado XAG-PERP
Aftermath Perps XAGUSD
BloFin XAG-USDT
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD