Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0129%/8h= −14.2% APRpaid last 24h −0.034%

Price spread now: Polymarket Perps against OKX+0.034%7-day average −0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days−0.095%−$9 · spread now +0.034%, 7d avg −0.094%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.128% dearer against OKX than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.094%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	65.630	0.0179	pay 0.0179% / 8h	4h 57m	$27.9M	$86.0M	50x
Short	Polymarket Perps SILVER-USD	65.652	0.0050	get 0.0006% / 1h	57m 57s	$3.8M	$904K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$27.19
Price spread: +0.034% → −0.094%: $12.79
Slippage, 4 orders: −$3.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$36.01
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago	0.76 bp	5.8 bp −$6	6.3 bp −$63	11.7 bp −$1,168	67.9 bp −$34.0K
Sell Polymarket Perps live order book, 4 min ago	0.91 bp	5.0 bp −$5	5.1 bp −$51	6.2 bp −$617	doesn't fit

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
Ondo Perps XAG-USD.P	−0.0029%	1h	65.580	−0.076%	$5.7M	$11.1M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.635	+0.008%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.692	+0.095%	$1.2M	$5.4M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.630	0.000%	$136.6M	$198.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.660	+0.046%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.680	+0.076%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.650	+0.030%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.599	−0.047%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.638	+0.012%	$4.6M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.567	−0.096%	$5.1M	$11.9M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.566%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.660	+0.046%	$790K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.670	+0.061%	$447K	$1.4M	20x	as long as short
Bybit XAGUSDT	+0.0044%	4h	65.630	0.000%	$30.4M	$48.1M	150x	as long as short
Vest SI-PERP	+0.0046%	1h	66.100	+0.716%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.651	+0.032%	$39K	$26K	20x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.652	+0.034%	$3.8M	$904K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.593	−0.056%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.661	+0.048%	$29K	—	5x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.620	−0.015%	$77K	$412K	20x	as long as short
Variational Omni XAG	+0.0061%	4h	65.748	+0.179%	$5.6M	$9.0M	—	as long as short
Aster XAGUSDT	+0.0075%	4h	65.620	−0.015%	$2.7M	$1.2M	100x	as long as short
Binance XAGUSDT	+0.0079%	4h	65.620	−0.015%	$190.4M	$864.9M	100x	as long as short
MEXC SILVER_USDT	+0.0080%	4h	65.620	−0.015%	$114.4M	$162.5M	1000x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.640	+0.015%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0093%	1h	65.606	−0.037%	$175.7M	$93.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.636	+0.010%	$463K	$520K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.590	−0.061%	$25.4M	$4.3M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.730	+0.152%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0102%	4h	65.762	+0.201%	$390K	$1.6M	25x	as long as short
edgeX XAGUSDC	+0.0104%	4h	65.741	+0.170%	$670K	$316K	30x	as long as short
Lighter XAG	+0.0104%	1h	65.642	+0.019%	$5.3M	$11.8M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.710	+0.122%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0106%	24h	65.672	+0.064%	$793K	$38.8M	8.1x	as long as short
Phoenix SILVER	+0.0122%	1h	65.734	+0.158%	$55K	$14K	25x	as long as short
Nado XAG-PERP	+0.0158%	1h	65.638	+0.013%	$1.2M	$3.4M	10x	as long as short
OKX XAG-USDT-SWAPlong	+0.0179%	8h	65.630	long leg	$27.9M	$86.0M	50x
Bitget XAGUSDT	+0.0214%	4h	65.620	−0.015%	$23.1M	$52.9M	100x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.644	+0.021%	$21K	$12K	10x	as long as short
Aftermath Perps XAGUSD	+0.0225%	1h	65.677	+0.072%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0229%	1h	65.676	+0.070%	$45K	$73K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0281% / S −0.0252%	1h	65.665	+0.053%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0323%	4h	65.670	+0.061%	$2.7M	$785K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0539%	1h	65.636	+0.009%	$1.0M	$943K	25x	as long as short