Funding you earn now, next payment 04:00 UTC+0.0158%/8h= +17.3% APRnext payment +$0.20 per $10,000 · paid last 24h +0.042%
Price spread now: Coinbase International against Polymarket Perps+0.036%47s7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as 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−$270.275% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.036%, 7d avg +0.029%
=The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 47 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 | 65.926 | 0.0050 | pay 0.0006% / 1h | 42m 32s | $3.9M | $674K | 20x |
| Short | Coinbase International SILVER-PERP-INTX | 65.950 | 0.0208 | get 0.0026% / 1h | 42m 32s | $1.8M | $1.0M | 20x |
Polymarket Perps SILVER-USD
Coinbase International SILVER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $33.18
- Price spread: +0.036% → +0.029%
- $0.79
- Slippage, 4 orders
- −$9.48
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $6.49
- Costs to cover
- 0.275%
- Break-even
- 5.6 days
Slippage from Polymarket Perps: live order book, 1 min ago; Coinbase International: live order book, 1 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, 1 min ago | 0.99 bp | 5.8 bp −$6 | 6.0 bp −$60 | 7.3 bp −$727 | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 3.03 bp | 8.0 bp −$8 | 9.0 bp −$90 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0047% | 1h | 65.850 | −0.115% | $5.7M | $9.3M | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0016% | 1h | 65.945 | +0.029% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.934 | +0.012% | $14K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.970 | +0.067% | $149.5M | $163.4M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.960 | +0.052% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.000 | +0.112% | $1.0M | $967K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.990 | +0.097% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.921 | −0.007% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.939 | +0.020% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.895 | −0.048% | $5.1M | $11.5M | 10x | as long as short |
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.719% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.970 | +0.067% | $793K | $3.1M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.384 | +0.695% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USDlong | +0.0050% | 1h | 65.926 | long leg | $3.9M | $674K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.915 | −0.017% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0051% | 1h | 65.922 | −0.006% | $165.9M | $73.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 65.940 | +0.021% | $114K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0072% | 24h | 65.927 | +0.002% | $539K | $25.9M | 8.1x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.967 | +0.062% | $56K | $26K | 25x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 65.955 | +0.045% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.897 | −0.044% | $469K | $614K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.920 | −0.009% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.960 | +0.052% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0104% | 1h | 65.945 | +0.029% | $5.2M | $10.6M | 25x | as long as short |
| Bybit XAGUSDT | +0.0115% | 4h | 65.980 | +0.082% | $27.4M | $36.5M | 150x | as long as short |
| Paradex XAG-USD-PERP | +0.0120% | 8h | 65.948 | +0.034% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0138% | 4h | 65.956 | +0.045% | $2.7M | $871K | 100x | as long as short |
| Nado XAG-PERP | +0.0177% | 1h | 65.912 | −0.021% | $1.4M | $6.1M | 10x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 65.968 | +0.064% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0195% | 4h | 66.003 | +0.117% | $5.6M | $9.4M | — | as long as short |
| BloFin XAG-USDT | +0.0196% | 4h | 66.000 | +0.112% | $2.6M | $556K | 100x | as long as short |
| Binance XAGUSDT | +0.0203% | 4h | 65.960 | +0.052% | $191.0M | $702.5M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0204% | 4h | 65.950 | +0.036% | $112.8M | $152.1M | 1000x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0205% | 1h | 65.960 | +0.052% | $75K | $363K | 20x | as long as short |
| Coinbase International SILVER-PERP-INTXshort | +0.0208% | 1h | 65.950 | +0.036% | $1.8M | $1.0M | 20x | |
| edgeX XAGUSDC | +0.0215% | 4h | 66.014 | +0.133% | $670K | $312K | 30x | as long as short |
| Aftermath Perps XAGUSD | +0.0215% | 1h | 65.967 | +0.062% | $79K | $36K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0218% | 4h | 66.022 | +0.145% | $394K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0234% | 1h | 65.965 | +0.059% | $45K | $76K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0234% | 8h | 65.960 | +0.052% | $27.6M | $64.7M | 50x | as long as short |
| Bitget XAGUSDT | +0.0244% | 4h | 65.960 | +0.052% | $23.9M | $45.2M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0336% | 1h | 65.920 | −0.009% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 65.985 | +0.089% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 65.946 | +0.030% | $910K | $683K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Bybit XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Nado XAG-PERP
Aevo XAG-PERP
Variational Omni XAG
BloFin XAG-USDT
Binance XAGUSDT
MEXC SILVER_USDT
Deribit SILVER_USDC-PERPETUAL
edgeX XAGUSDC
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
Bullet SILVER-USD
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD