Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.017%

Price spread now: Polymarket Perps against Binance−0.045%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 2 days (all we have)−0.029%−$3 · spread now −0.045%, 7d avg −0.049%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.520	0.0102	pay 0.0051% / 4h	3h 25m	$192.4M	$722.2M	100x
Short	Polymarket Perps SILVER-USD	66.490	0.0050	get 0.0006% / 1h	25m 06s	$3.9M	$700K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$10.9
Price spread: −0.045% → −0.049%: $0.4
Slippage, 4 orders: −$3.82
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$32.32
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Polymarket Perps: live order book, 4 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 Binance live order book, 4 min ago	0.75 bp	5.8 bp −$6	5.9 bp −$59	8.7 bp −$871	22.4 bp −$11.2K
Sell Polymarket Perps live order book, 4 min ago	0.75 bp	5.0 bp −$5	5.1 bp −$51	7.2 bp −$715	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	66.490	−0.045%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.540	+0.030%	$25.7M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	+0.030%	$155.0M	$168.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.520	0.000%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	+0.060%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.045%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.466	−0.080%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.506	−0.021%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.463	−0.085%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.180%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.550	+0.045%	$801K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.957	+0.657%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.473	−0.071%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	66.490	−0.045%	$3.9M	$700K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.466	−0.081%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.410	−0.165%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.500	−0.030%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0052%	1h	66.486	−0.051%	$165.4M	$85.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.462	−0.087%	$562K	$21.5M	8.1x	as long as short
BloFin XAG-USDT	+0.0081%	4h	66.550	+0.045%	$2.6M	$706K	100x	as long as short
Aster XAGUSDT	+0.0086%	4h	66.520	0.000%	$2.8M	$1.1M	100x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	66.486	−0.051%	$35K	$21K	20x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	−0.009%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.500	−0.030%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.455	−0.097%	$474K	$623K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.520	0.000%	$108.7M	$160.3M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	−0.060%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.060%	$126K	$24K	50x	as long as short
Binance XAGUSDTlong	+0.0102%	4h	66.520	long leg	$192.4M	$722.2M	100x
Aevo XAG-PERP	+0.0104%	1h	66.512	−0.012%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0111%	4h	66.544	+0.036%	$675K	$313K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.522	+0.003%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	66.535	+0.022%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.515	−0.007%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0168%	1h	66.461	−0.089%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0174%	4h	66.530	+0.015%	$24.5M	$48.0M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.090%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	66.540	+0.030%	$27.9M	$67.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0197%	1h	66.501	−0.028%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.535	+0.023%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.480	−0.060%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	+0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	0.000%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.494	−0.039%	$764K	$565K	25x	as long as short