XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0155%/8h= +17.0% APRnext payment +$0.19 per $10,000 · paid last 24h +0.068%

Price spread now: Deribit against Polymarket Perps−0.024%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$10 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.024%, 7d avg +0.051%

Together, before fees+0.221%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.075% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.051%). If the spread goes back, that is −$7 on $10k: about 39 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	65.956	0.0050	pay 0.0006% / 1h	44m 15s	$3.9M	$674K	20x
Short	Deribit SILVER_USDC-PERPETUAL	65.940	0.0205	get 0.0026% / 1h	44m 15s	$75K	$363K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.024%Rate

Funding earned: $32.59
Price spread: −0.024% → +0.051%: −$7.48
Slippage, 4 orders: −$8.99
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $1.12
Costs to cover: 0.240%
Break-even: 6.8 days

Slippage from Polymarket Perps: live order book, 5 min ago; Deribit: live order book, 9 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, 5 min ago	1.21 bp	5.3 bp −$5	5.7 bp −$57	7.2 bp −$725	doesn't fit
Sell Deribit live order book, 9 min ago	0.76 bp	8.8 bp −$9	10.4 bp −$104	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	−0.0046%	1h	65.870	−0.130%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.034%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.990	+0.052%	$149.5M	$163.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.960	+0.006%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.030	+0.112%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	+0.036%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.910	−0.070%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.956	−0.001%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.909	−0.071%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.673%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.010	+0.082%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.415	+0.696%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.932	−0.036%	$165.9M	$73.6M	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	65.956	long leg	$3.9M	$674K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.900	−0.085%	$3K	$6K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.984	+0.042%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.970	+0.021%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.956	0.000%	$538K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.967	+0.017%	$56K	$26K	25x	as long as short
Bybit XAGUSDT	+0.0076%	4h	65.980	+0.036%	$27.3M	$36.4M	150x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.986	+0.045%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.922	−0.052%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.950	−0.009%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.970	+0.021%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.960	+0.006%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	65.977	+0.031%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0140%	4h	65.974	+0.027%	$2.7M	$871K	100x	as long as short
BloFin XAG-USDT	+0.0159%	4h	66.000	+0.067%	$2.6M	$556K	100x	as long as short
Nado XAG-PERP	+0.0171%	1h	65.940	−0.025%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	65.964	+0.012%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	66.003	+0.072%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0204%	4h	65.970	+0.021%	$112.9M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0205%	4h	65.970	+0.021%	$190.9M	$702.6M	100x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0205%	1h	65.940	−0.024%	$75K	$363K	20x
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.009%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.009	+0.081%	$394K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.967	+0.017%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.014	+0.088%	$670K	$312K	30x	as long as short
Bullet SILVER-USD	+0.0231%	1h	65.980	+0.036%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.980	+0.036%	$27.6M	$64.7M	50x	as long as short
Bitget XAGUSDT	+0.0246%	4h	65.960	+0.006%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	65.945	−0.016%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.975	+0.029%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.945	−0.017%	$910K	$683K	25x	as long as short