Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.051%

Price spread now: Bitget against Polymarket Perps+0.066%50s7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.265% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.066%, 7d avg +0.102%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.036% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.102%). If the spread goes back, that is −$4 on $10k: about 24 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.025% in total) that is about 10 days. The two prices were read 50 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	Polymarket Perps SILVER-USD	65.377	0.0050	pay 0.0006% / 1h	20m 40s	$3.8M	$718K	20x
Short	Bitget XAGUSDT	65.420	0.0172	get 0.0086% / 4h	1h 20m	$23.8M	$46.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now +0.066%Rate

Funding earned: $25.62
Price spread: +0.066% → +0.102%: −$3.61
Slippage, 4 orders: −$6.48
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4.46
Costs to cover: 0.265%
Break-even: 8.2 days

Slippage from Polymarket Perps: live order book, 3 min ago; Bitget: live order book, 3 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 Polymarket Perps live order book, 3 min ago	1.68 bp	5.8 bp −$6	5.9 bp −$59	7.3 bp −$731	doesn't fit
Sell Bitget live order book, 3 min ago	0.76 bp	8.1 bp −$8	9.2 bp −$92	16.8 bp −$1,675	42.0 bp −$21.0K

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
Hibachi XAG/USDT-P	−0.0168%	1h	65.346	−0.048%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0085%	1h	65.300	−0.118%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.349	−0.044%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.420	+0.066%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	+0.081%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.440	+0.096%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.420	+0.066%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.359	−0.027%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0024%	4h	65.430	+0.081%	$141.1M	$182.9M	100x	as long as short
Variational Omni XAG	+0.0028%	4h	65.404	+0.041%	$5.5M	$9.4M	—	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.412	+0.053%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.357	−0.030%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.565%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0035%	4h	65.415	+0.058%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.400	+0.035%	$787K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.829	+0.691%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.410	+0.050%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.379	+0.003%	$170.5M	$83.5M	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	65.377	long leg	$3.8M	$718K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.355	−0.034%	$3K	$6K	20x	as long as short
Binance XAGUSDT	+0.0054%	4h	65.413	+0.055%	$191.1M	$764.6M	100x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.400	+0.035%	$116.2M	$157.5M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.402	+0.039%	$29K	$1K	5x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.386	+0.014%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.426	+0.075%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.347	−0.046%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.405	+0.042%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	65.369	−0.012%	$665K	$313K	30x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.370	−0.011%	$518K	$31.0M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.358	−0.030%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.390	+0.020%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	−0.057%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.408	+0.047%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.320	−0.087%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0129%	1h	65.387	+0.015%	$1.2M	$5.3M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.415	+0.058%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDTshort	+0.0172%	4h	65.420	+0.066%	$23.8M	$46.4M	100x
Bullet SILVER-USD	+0.0177%	1h	65.425	+0.073%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0180%	8h	65.430	+0.081%	$28.0M	$70.9M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.400	+0.035%	$65K	$380K	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.345	−0.049%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0224%	4h	65.410	+0.050%	$2.6M	$601K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.415	+0.058%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.393	+0.024%	$916K	$746K	25x	as long as short