XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0194%/8h= −21.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.070%

Price spread now: Polymarket Perps against GMX−0.078%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Polymarket Perps is 0.078% cheaper against GMX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	65.575	L +0.0244% / S −0.0204%	pay 0.0031% / 1h	6m 54s	$93K	—	111x
Short	Polymarket Perps SILVER-USD	65.524	0.0050	get 0.0006% / 1h	6m 54s	$3.8M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GMX. 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 GMXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$40.81
Price spread: −0.078% → 0.000%: −$7.78
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$68.59
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 5 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 5 min ago	0.08 bp	5.3 bp −$5	5.7 bp −$57	7.0 bp −$702	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.6920%	1h	65.534	−0.063%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.485	−0.137%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.567	−0.012%	$1.3M	$5.6M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.600	+0.038%	$135.1M	$204.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.570	−0.008%	$2K	$2.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.580	+0.008%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.590	+0.023%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.501	−0.113%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0014%	4h	65.557	−0.027%	$5.4M	$9.3M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.570	−0.007%	$4.6M	$10.0M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.500	−0.115%	$5.1M	$12.3M	10x	as long as short
Ondo Perps XAG-USD.P	+0.0032%	1h	65.440	−0.206%	$5.7M	$11.1M	25x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.484%	$11K	$240	52x	as long as short
Aster XAGUSDT	+0.0039%	4h	65.550	−0.038%	$2.7M	$1.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	−0.008%	$789K	$3.1M	40x	as long as short
MEXC SILVER_USDT	+0.0042%	4h	65.570	−0.008%	$120.7M	$166.6M	1000x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.540	−0.053%	$446K	$1.4M	20x	as long as short
Binance XAGUSDT	+0.0044%	4h	65.579	+0.005%	$191.0M	$861.1M	100x	as long as short
edgeX XAGUSDC	+0.0045%	4h	65.560	−0.023%	$668K	$314K	30x	as long as short
Vest SI-PERP	+0.0046%	1h	65.988	+0.630%	—	—	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.524	−0.078%	$3.8M	$1.5M	20x
SoDEX SILVER-USD	+0.0050%	1h	65.505	−0.107%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.534	−0.063%	$29K	—	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.556	−0.028%	$47K	—	10x	as long as short
Bybit XAGUSDT	+0.0061%	4h	65.590	+0.023%	$30.9M	$48.6M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0078%	4h	65.571	−0.006%	$390K	$1.6M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0087%	1h	65.542	−0.050%	$175.6M	$85.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.494	−0.124%	$462K	$501K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.530	−0.069%	$25.3M	$4.1M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.520	−0.084%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.510	−0.099%	$1.6M	$2.1M	20x	as long as short
Kalshi KXSILVERPERP	+0.0112%	24h	65.551	−0.037%	$779K	$38.4M	8.1x	as long as short
Phoenix SILVER	+0.0134%	1h	65.516	−0.090%	$55K	$15K	25x	as long as short
Nado XAG-PERP	+0.0138%	1h	65.514	−0.093%	$1.1M	$3.2M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.577	+0.003%	$5.3M	$12.2M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0161%	8h	65.580	+0.008%	$27.6M	$86.4M	50x	as long as short
BloFin XAG-USDT	+0.0175%	4h	65.550	−0.038%	$2.6M	$770K	100x	as long as short
Bitget XAGUSDT	+0.0188%	4h	65.580	+0.008%	$23.3M	$53.4M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.550	−0.038%	$77K	$380K	20x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	65.533	−0.064%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0241%	1h	65.579	+0.006%	$43K	$70K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0244% / S −0.0204%	1h	65.575	long leg	$93K	—	111x
Hibachi XAG/USDT-P	+0.0248%	1h	65.517	−0.089%	$21K	$12K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.538	−0.056%	$1.0M	$958K	25x	as long as short