XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Polymarket Perps against ApeX Omni−0.084%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.084%, 7d avg −0.041%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.043% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	65.620	0.0100	pay 0.0013% / 1h	44m 54s	$112K	$19K	50x
Short	Polymarket Perps SILVER-USD	65.565	0.0050	get 0.0006% / 1h	44m 54s	$3.8M	$893K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$10.5
Price spread: −0.084% → −0.041%: −$4.27
Slippage, 4 orders: −$38.34
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$71.11
Costs to cover: 0.563%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; Polymarket Perps: live order book, 7 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 ApeX Omni live order book, 63 min ago	7.66 bp	20.5 bp −$21	59.1 bp −$591	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 7 min ago	1.29 bp	5.9 bp −$6	6.9 bp −$69	9.2 bp −$915	doesn't fit

XAG on 44 exchanges

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	−3.2000%	1h	65.532	−0.134%	$36K	$23K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.525	−0.144%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.630	+0.015%	$138.4M	$204.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.620	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.630	+0.015%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	+0.015%	$1.5M	$252K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.480	−0.213%	$5.7M	$11.0M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.566	−0.082%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.620	0.000%	$4.6M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.566	−0.083%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.551%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.640	+0.030%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.021	+0.611%	—	—	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.565	−0.084%	$3.8M	$893K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.547	−0.111%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.580	−0.061%	$446K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.549	−0.108%	$29K	$166	5x	as long as short
tradeXYZ xyz:SILVER	+0.0059%	1h	65.600	−0.030%	$174.4M	$94.1M	25x	as long as short
Variational Omni XAG	+0.0081%	4h	65.578	−0.064%	$5.7M	$9.1M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.508	−0.171%	$466K	$567K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.590	−0.046%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	65.620	long leg	$112K	$19K	50x
Kalshi KXSILVERPERP	+0.0100%	24h	65.543	−0.117%	$719K	$38.7M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	+0.107%	$1.6M	$1.9M	20x	as long as short
Aster XAGUSDT	+0.0105%	4h	65.583	−0.057%	$2.7M	$1.1M	100x	as long as short
Binance XAGUSDT	+0.0108%	4h	65.610	−0.015%	$191.3M	$864.2M	100x	as long as short
MEXC SILVER_USDT	+0.0108%	4h	65.610	−0.015%	$121.8M	$163.2M	1000x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.592	−0.043%	$47K	—	10x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.580	−0.062%	$1.2M	$4.9M	20x	as long as short
Bybit XAGUSDT	+0.0117%	4h	65.620	0.000%	$30.6M	$48.2M	150x	as long as short
Phoenix SILVER	+0.0122%	1h	65.545	−0.114%	$55K	$14K	25x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.656	+0.055%	$396K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0130%	4h	65.649	+0.044%	$669K	$315K	30x	as long as short
Nado XAG-PERP	+0.0141%	1h	65.559	−0.092%	$1.2M	$3.6M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.612	−0.012%	$5.1M	$11.6M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.600	−0.030%	$77K	$414K	20x	as long as short
Bullet SILVER-USD	+0.0209%	1h	65.614	−0.008%	$44K	$73K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	65.610	−0.015%	$27.9M	$85.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	65.596	−0.036%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	65.610	−0.015%	$23.2M	$52.8M	100x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	65.607	−0.020%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0270% / S −0.0238%	1h	65.615	−0.008%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0349%	4h	65.590	−0.046%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0548%	1h	65.568	−0.079%	$1.0M	$943K	25x	as long as short