Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.051%

Price spread now: Polymarket Perps against Bitget−0.112%50s7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$260.265% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.112%, 7d avg −0.102%

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

The price spread sits at its 7-day average of −0.102%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 50 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	Bitget XAGUSDT	65.430	0.0172	pay 0.0086% / 4h	1h 21m	$23.8M	$46.4M	100x
Short	Polymarket Perps SILVER-USD	65.357	0.0050	get 0.0006% / 1h	21m 32s	$3.8M	$718K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$25.62
Price spread: −0.112% → −0.102%: −$0.97
Slippage, 4 orders: −$6.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$53.07
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Polymarket Perps: live order book, 2 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 Bitget live order book, 2 min ago	0.76 bp	6.8 bp −$7	8.5 bp −$85	15.7 bp −$1,570	45.7 bp −$22.9K
Sell Polymarket Perps live order book, 2 min ago	1.68 bp	5.8 bp −$6	5.9 bp −$59	6.9 bp −$692	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
Hibachi XAG/USDT-P	−0.0160%	1h	65.311	−0.182%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0086%	1h	65.300	−0.199%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.349	−0.125%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.430	0.000%	$27.9M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.420	−0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.450	+0.031%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	−0.061%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.321	−0.167%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0024%	4h	65.440	+0.015%	$141.2M	$182.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.424	−0.009%	$4.6M	$9.8M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.369	−0.093%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.483%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0035%	4h	65.420	−0.015%	$2.7M	$975K	100x	as long as short
Variational Omni XAG	+0.0035%	4h	65.364	−0.102%	$5.5M	$9.4M	—	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	65.363	−0.102%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.400	−0.046%	$787K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.829	+0.610%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.420	−0.015%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.391	−0.060%	$170.5M	$83.5M	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.357	−0.112%	$3.8M	$718K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.334	−0.147%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.412	−0.028%	$29K	$1K	5x	as long as short
Binance XAGUSDT	+0.0056%	4h	65.420	−0.015%	$191.2M	$763.9M	100x	as long as short
MEXC SILVER_USDT	+0.0056%	4h	65.420	−0.015%	$116.2M	$157.5M	1000x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.394	−0.054%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.347	−0.127%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.383	−0.071%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	65.369	−0.093%	$665K	$313K	30x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.375	−0.084%	$518K	$31.0M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.372	−0.089%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.390	−0.061%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	−0.138%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.408	−0.034%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.320	−0.168%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0129%	1h	65.387	−0.066%	$1.2M	$5.3M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.425	−0.007%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDTlong	+0.0172%	4h	65.430	long leg	$23.8M	$46.4M	100x
Bullet SILVER-USD	+0.0176%	1h	65.395	−0.053%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0180%	8h	65.420	−0.015%	$28.0M	$70.9M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.380	−0.076%	$65K	$380K	20x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.340	−0.138%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0233%	4h	65.380	−0.076%	$2.6M	$601K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.395	−0.053%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.362	−0.105%	$916K	$746K	25x	as long as short