XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.068%

Price spread now: Polymarket Perps against Deribit−0.064%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.095%−$10 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.064%, 7d avg −0.051%

Together, before fees−0.133%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.990	0.0205	pay 0.0026% / 1h	44m 39s	$75K	$363K	20x
Short	Polymarket Perps SILVER-USD	65.948	0.0050	get 0.0006% / 1h	44m 39s	$3.9M	$674K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$32.51
Price spread: −0.064% → −0.051%: −$1.31
Slippage, 4 orders: −$8.99
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$57.8
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Deribit: live order book, 9 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 Deribit live order book, 9 min ago	0.76 bp	4.3 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.21 bp	5.6 bp −$6	5.9 bp −$59	7.2 bp −$718	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
Ondo Perps XAG-USD.P	−0.0046%	1h	65.870	−0.182%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.085%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.000	+0.015%	$149.5M	$163.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.010	+0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.030	+0.061%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.061%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.943	−0.071%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.966	−0.037%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.926	−0.097%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.621%	$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	66.010	+0.030%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.412	+0.639%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.945	−0.068%	$165.9M	$73.6M	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.948	−0.064%	$3.9M	$674K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.945	−0.068%	$3K	$6K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.984	−0.009%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.970	−0.030%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.959	−0.047%	$535K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.967	−0.035%	$56K	$26K	25x	as long as short
Bybit XAGUSDT	+0.0076%	4h	66.000	+0.015%	$27.3M	$36.4M	150x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.986	−0.006%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.922	−0.103%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.960	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.970	−0.030%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0120%	1h	65.972	−0.027%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	65.977	−0.020%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0140%	4h	66.010	+0.030%	$2.7M	$871K	100x	as long as short
BloFin XAG-USDT	+0.0159%	4h	66.000	+0.015%	$2.6M	$556K	100x	as long as short
Nado XAG-PERP	+0.0169%	1h	65.936	−0.082%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	65.999	+0.014%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	66.003	+0.020%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0204%	4h	65.980	−0.015%	$112.9M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0205%	4h	65.980	−0.015%	$190.9M	$702.6M	100x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0205%	1h	65.990	long leg	$75K	$363K	20x
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.061%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.009	+0.029%	$394K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.014	+0.036%	$670K	$312K	30x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.967	−0.034%	$79K	$36K	10x	as long as short
Bullet SILVER-USD	+0.0231%	1h	65.980	−0.015%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0233%	8h	65.990	0.000%	$27.6M	$64.7M	50x	as long as short
Bitget XAGUSDT	+0.0246%	4h	65.980	−0.015%	$24.0M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	65.968	−0.034%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.995	+0.008%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.962	−0.042%	$910K	$683K	25x	as long as short