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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Lighter RH−0.073%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$160.163% of the position
Long on Lighter RHShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 7 days+0.063%+$6 · spread now −0.073%, 7d avg −0.046%
Together, before fees+0.094%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.027% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.046%). If the spread goes back, that is −$3 on $10k: about 5.1 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH XAG65.0880.0032pay 0.0004% / 1h6m 57s$4.6M$10.0M25x
ShortPolymarket Perps SILVER-USD65.0410.0050get 0.0006% / 1h6m 57s$3.8M$892K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Lighter RH. 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

Funding earned
$3.78
Price spread: −0.073% → −0.046%
−$2.75
Slippage, 4 orders
−$8.33
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$15.29
Costs to cover
0.163%
Break-even
35.3 days
Slippage from Lighter RH: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 2 min ago2.23 bp2.2 bp −$23.3 bp −$3328.5 bp −$2,852doesn't fit
Sell Polymarket Perps live order book, 2 min ago1.54 bp5.7 bp −$66.0 bp −$608.5 bp −$849doesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.0026%1h64.970−0.182%$5.7M$9.9M25xas long as short
Hotstuff SILVER-PERP−0.0024%1h65.035−0.082%$35K$21K20xas long as short
dYdX XAG-USD0.0000%1h64.997−0.141%$12K$5K5xas long as short
Bybit XAGUSDT0.0000%4h65.100+0.018%$27.7M$39.1M150xas long as short
Variational Omni XAG0.0000%4h65.227+0.213%$5.5M$9.1M—as long as short
SunX XAG-USDT0.0000%4h65.090+0.002%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h65.150+0.094%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.100+0.018%$1.5M$278K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.023−0.100%$118K—250xas long as short
Gate XAG_USDT+0.0030%4h65.100+0.018%$140.2M$181.7M100xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XAGlong+0.0032%1h65.088long leg$4.6M$10.0M25x
Extended XAG-USD+0.0032%1h65.026−0.096%$5.0M$11.8M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+2.015%$11K$94K52xas long as short
MEXC SILVER_USDT+0.0034%4h65.080−0.013%$124.5M$162.6M1000xas long as short
Binance XAGUSDT+0.0034%4h65.090+0.002%$191.6M$755.9M100xas long as short
StandX XAG-USD+0.0040%1h65.110+0.033%$783K$3.0M40xas long as short
Aster XAGUSDT+0.0040%4h65.094+0.008%$2.7M$982K100xas long as short
QFEX SILVER-USD+0.0044%1h65.070−0.028%$170K$1.4M20xas long as short
Vest SI-PERP+0.0046%1h65.493+0.621%——25xas long as short
Aevo XAG-PERP+0.0048%1h65.077−0.018%$47K—10xas long as short
Polymarket Perps SILVER-USDshort+0.0050%1h65.041−0.073%$3.8M$892K20x
SoDEX SILVER-USD+0.0050%1h65.025−0.098%$3K$6K20xas long as short
edgeX XAGUSDC+0.0050%4h65.251+0.250%$664K$312K30xas long as short
Paradex XAG-USD-PERP+0.0053%8h65.054−0.052%$29K$1K5xas long as short
Phoenix SILVER+0.0061%1h65.076−0.019%$56K$31K25xas long as short
tradeXYZ xyz:SILVER+0.0071%1h65.046−0.065%$172.9M$84.5M25xas long as short
Kalshi KXSILVERPERP+0.0080%24h65.055−0.051%$489K$32.2M8.1xas long as short
Coinbase International SILVER-PERP-INTX+0.0096%1h65.030−0.090%$1.6M$1.4M20xas long as short
Pacifica XAG+0.0100%1h65.011−0.119%$463K$598K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.050−0.059%$25.2M$4.7M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.200+0.171%$111K$19K50xas long as short
RISEx XAG/USDC+0.0118%1h65.077−0.018%$1.3M$4.9M20xas long as short
BloFin XAG-USDT+0.0136%4h65.100+0.018%$2.7M$624K100xas long as short
GRVT XAG_USDT_Perp+0.0144%4h65.219+0.200%$394K$1.6M25xas long as short
Nado XAG-PERP+0.0155%1h65.031−0.088%$1.2M$4.7M10xas long as short
Bitget XAGUSDT+0.0162%4h65.090+0.002%$23.2M$44.9M100xas long as short
OKX XAG-USDT-SWAP+0.0173%8h65.100+0.018%$28.4M$70.5M50xas long as short
Lighter XAG+0.0184%1h65.094+0.008%$5.3M$11.3M25xas long as short
Aftermath Perps XAGUSD+0.0194%1h65.101+0.020%$78K$37K10xas long as short
Hibachi XAG/USDT-P+0.0224%1h65.052−0.056%$20K$16K10xas long as short
Bullet SILVER-USD+0.0234%1h65.077−0.018%$45K$75K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h65.075−0.021%$92K—111xas long as short
Kraken Futures PF_XAGUSD+0.0365%1h65.053−0.055%$1.0M$869K25xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0365%1h65.080−0.013%$65K$398K20xas long as short