Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h −0.008%

Price spread now: Polymarket Perps against Aster−0.046%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.046%, 7d avg −0.098%

Together, before fees+0.050%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.052% dearer against Aster than usual: you sell high and buy low (spread −0.046% now, against its 7-day average of −0.098%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.447	0.0131	pay 0.0066% / 4h	2h 18m	$2.8M	$939K	100x
Short	Polymarket Perps SILVER-USD	66.417	0.0050	get 0.0006% / 1h	18m 07s	$3.9M	$669K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aster. 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 AsterbpFee Polymarket PerpsbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$17.04
Price spread: −0.046% → −0.098%: $5.25
Slippage, 4 orders: −$4.49
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$32.28
Costs to cover: 0.205%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: live order book, 6 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 Aster live order book, 5 min ago	0.75 bp	4.8 bp −$5	6.5 bp −$65	15.6 bp −$1,562	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	0.75 bp	5.5 bp −$5	5.5 bp −$55	7.1 bp −$711	doesn't fit

XAG on 43 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	66.363	−0.127%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.420	−0.041%	$152.6M	$164.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.450	+0.004%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.490	+0.064%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	−0.011%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.388	−0.089%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.424	−0.035%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.378	−0.105%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.071%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.430	−0.026%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.873	+0.641%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.352	−0.143%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	66.320	−0.192%	$5.7M	$9.5M	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	66.417	−0.046%	$3.9M	$669K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.372	−0.113%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.400	−0.071%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.406	−0.062%	$561K	$23.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.430	−0.026%	$1.3M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.373	−0.112%	$165.7M	$75.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.376	−0.107%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.410	−0.056%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.360	−0.131%	$126K	$23K	50x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	66.388	−0.089%	$35K	$21K	20x	as long as short
Bybit XAGUSDT	+0.0125%	4h	66.420	−0.041%	$26.6M	$36.4M	150x	as long as short
Aster XAGUSDTlong	+0.0131%	4h	66.447	long leg	$2.8M	$939K	100x
Paradex XAG-USD-PERP	+0.0134%	8h	66.434	−0.020%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0159%	4h	66.443	−0.007%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.438	−0.014%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.410	−0.056%	$102.8M	$158.5M	1000x	as long as short
Binance XAGUSDT	+0.0176%	4h	66.410	−0.056%	$192.4M	$706.9M	100x	as long as short
edgeX XAGUSDC	+0.0180%	4h	66.431	−0.024%	$674K	$314K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.056%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.437	−0.016%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0208%	8h	66.420	−0.041%	$28.0M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.385	−0.094%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.392	−0.083%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.363	−0.128%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.410	−0.056%	$23.9M	$46.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	66.440	−0.011%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.462	+0.022%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.465	+0.027%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.420	−0.041%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.413	−0.052%	$766K	$478K	25x	as long as short