Funding you earn now, next payment 03:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.023%
Price spread now: Polymarket Perps against Ondo Perps+0.116%7-day average +0.070% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now +0.116%, 7d avg +0.070%
=Together, before fees+0.205%+ Points / potential airdropOndo Perps: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Polymarket Perps is 0.046% dearer against Ondo Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps XAG-USD.P | 66.110 | 0.0036 | pay 0.0005% / 1h | 46m 54s | $5.7M | $9.7M | 25x |
| Short | Polymarket Perps SILVER-USD | 66.187 | 0.0050 | get 0.0006% / 1h | 46m 54s | $3.9M | $672K | 20x |
Ondo Perps XAG-USD.P
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Ondo Perps. 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
- $2.94
- Price spread: +0.116% → +0.070%
- $4.62
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$5.44
- Costs to cover
- 0.130%
- Break-even
- 19.9 days
Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: live order book, 2 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 2 min ago | 1.06 bp | 5.7 bp −$6 | 5.9 bp −$59 | 7.4 bp −$741 | doesn't fit |
Ondo Perps: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.178 | +0.103% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.220 | +0.166% | $150.9M | $161.9M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.220 | +0.166% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.260 | +0.227% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.250 | +0.212% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.154 | +0.067% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.194 | +0.127% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.142 | +0.049% | $5.3M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.439% | $11K | $94K | 52x | as long as short |
| Ondo Perps XAG-USD.Plong | +0.0036% | 1h | 66.110 | long leg | $5.7M | $9.7M | 25x |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.240 | +0.197% | $797K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.657 | +0.827% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0050% | 1h | 66.187 | +0.116% | $3.9M | $672K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.148 | +0.057% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.220 | +0.166% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0064% | 24h | 66.183 | +0.110% | $546K | $24.5M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0064% | 1h | 66.183 | +0.110% | $35K | $21K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0083% | 1h | 66.166 | +0.085% | $165.7M | $74.8M | 25x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.206 | +0.145% | $56K | $26K | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.175 | +0.098% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.160 | +0.076% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.170 | +0.091% | $113K | $30K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0134% | 8h | 66.210 | +0.151% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0137% | 4h | 66.220 | +0.167% | $2.7M | $894K | 100x | as long as short |
| Bybit XAGUSDT | +0.0142% | 4h | 66.230 | +0.182% | $26.7M | $36.0M | 150x | as long as short |
| Lighter XAG | +0.0168% | 1h | 66.206 | +0.146% | $5.3M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.206 | +0.146% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0176% | 4h | 66.242 | +0.200% | $5.5M | $9.7M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.220 | +0.166% | $1.2M | $4.4M | 20x | as long as short |
| Binance XAGUSDT | +0.0190% | 4h | 66.210 | +0.151% | $191.6M | $705.7M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0190% | 4h | 66.200 | +0.136% | $110.5M | $151.9M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0192% | 4h | 66.221 | +0.169% | $672K | $315K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.350 | +0.363% | $1.9M | $972K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0215% | 8h | 66.210 | +0.151% | $27.8M | $65.5M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0234% | 1h | 66.218 | +0.163% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERP | +0.0238% | 1h | 66.170 | +0.091% | $1.3M | $6.6M | 10x | as long as short |
| BloFin XAG-USDT | +0.0243% | 4h | 66.240 | +0.197% | — | $559K | 100x | as long as short |
| Bitget XAGUSDT | +0.0250% | 4h | 66.210 | +0.151% | $23.8M | $46.1M | 100x | as long as short |
| Bullet SILVER-USD | +0.0261% | 1h | 66.229 | +0.180% | $46K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 66.160 | +0.075% | $20K | $22K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0278% | 4h | 66.277 | +0.253% | $400K | $1.5M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0332% / S −0.0343% | 1h | 66.225 | +0.174% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0355% | 1h | 66.200 | +0.136% | $50K | $326K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0550% | 1h | 66.182 | +0.108% | $763K | $475K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
tradeXYZ xyz:SILVER
Phoenix SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
Variational Omni XAG
RISEx XAG/USDC
Binance XAGUSDT
MEXC SILVER_USDT
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Nado XAG-PERP
BloFin XAG-USDT
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
GRVT XAG_USDT_Perp
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD