Funding you earn now, next payment 12:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.008%
Price spread now: Polymarket Perps against Injective+1.497%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 1.497% dearer against Injective than usual: you sell high and buy low: +$150 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | Injective XAG/USDC PERP | 64.602 | 0.0033 | pay 0.0004% / 1h | 44m 20s | $11K | $240 | 52x |
| Short | Polymarket Perps SILVER-USD | 65.569 | 0.0050 | get 0.0006% / 1h | 44m 20s | $3.8M | $1.5M | 20x |
Injective XAG/USDC PERP
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.5
- Price spread: +1.497% → 0.000%
- $149.69
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $145.17
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 3 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 Injective no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 3 min ago | 0.69 bp | 5.6 bp −$6 | 5.8 bp −$58 | 7.6 bp −$761 | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 65.498 | +1.387% | $13K | $8K | 5x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | 65.602 | +1.547% | $1.3M | $5.5M | 20x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 65.599 | +1.543% | $39K | $26K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.620 | +1.576% | $136.1M | $201.4M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.600 | +1.545% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.590 | +1.529% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.560 | +1.483% | $1.5M | $257K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.559 | +1.482% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.582 | +1.516% | $4.6M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.552 | +1.471% | $5.1M | $12.2M | 10x | as long as short |
dYdX XAG-USD
RISEx XAG/USDC
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERPlong | +0.0033% | 1h | 64.602 | long leg | $11K | $240 | 52x | |
| StandX XAG-USD | +0.0040% | 1h | 65.520 | +1.421% | $788K | $3.0M | 40x | as long as short |
| QFEX SILVER-USD | +0.0042% | 1h | 65.590 | +1.529% | $446K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.020 | +2.195% | — | — | 25x | as long as short |
| Variational Omni XAG | +0.0047% | 4h | 65.488 | +1.372% | $5.5M | $9.0M | — | as long as short |
| Bybit XAGUSDT | +0.0049% | 4h | 65.630 | +1.591% | $30.3M | $48.7M | 150x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0050% | 1h | 65.569 | +1.497% | $3.8M | $1.5M | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.543 | +1.457% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 65.480 | +1.359% | $5.7M | $11.0M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0052% | 8h | 65.563 | +1.488% | $29K | — | 5x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0055% | 1h | 65.570 | +1.498% | $77K | $396K | 20x | as long as short |
| Aster XAGUSDT | +0.0068% | 4h | 65.600 | +1.545% | $2.7M | $1.2M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0070% | 4h | 65.600 | +1.545% | $116.8M | $163.8M | 1000x | as long as short |
| Binance XAGUSDT | +0.0070% | 4h | 65.620 | +1.576% | $189.5M | $867.7M | 100x | as long as short |
| Lighter XAG | +0.0072% | 1h | 65.582 | +1.517% | $5.3M | $11.9M | 25x | as long as short |
| Aevo XAG-PERP | +0.0080% | 1h | 65.609 | +1.559% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0080% | 4h | 65.541 | +1.453% | $668K | $315K | 30x | as long as short |
| GRVT XAG_USDT_Perp | +0.0088% | 4h | 65.497 | +1.386% | $388K | $1.6M | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0098% | 1h | 65.577 | +1.509% | $175.6M | $87.7M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.528 | +1.433% | $462K | $518K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.560 | +1.483% | $25.3M | $4.4M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.500 | +1.390% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.570 | +1.498% | $1.6M | $2.0M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0108% | 24h | 65.504 | +1.396% | $743K | $40.0M | 8.1x | as long as short |
| Nado XAG-PERP | +0.0119% | 1h | 65.564 | +1.489% | $1.2M | $3.4M | 10x | as long as short |
| Phoenix SILVER | +0.0134% | 1h | 65.480 | +1.359% | $55K | $15K | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0168% | 8h | 65.610 | +1.560% | $27.6M | $87.7M | 50x | as long as short |
| Bitget XAGUSDT | +0.0206% | 4h | 65.610 | +1.560% | $23.2M | $54.1M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0218% | 1h | 65.536 | +1.445% | $79K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 65.500 | +1.390% | $21K | $12K | 10x | as long as short |
| Bullet SILVER-USD | +0.0224% | 1h | 65.617 | +1.572% | $44K | $72K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0284% / S −0.0256% | 1h | 65.615 | +1.568% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0284% | 4h | 65.510 | +1.406% | $2.7M | $783K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0540% | 1h | 65.580 | +1.513% | $1.0M | $948K | 25x | as long as short |
StandX XAG-USD
QFEX SILVER-USD
Vest SI-PERP
Variational Omni XAG
Bybit XAGUSDT
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Paradex XAG-USD-PERP
Deribit SILVER_USDC-PERPETUAL
Aster XAGUSDT
MEXC SILVER_USDT
Binance XAGUSDT
Lighter XAG
Aevo XAG-PERP
edgeX XAGUSDC
GRVT XAG_USDT_Perp
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Nado XAG-PERP
Phoenix SILVER
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD