Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h −0.013%
Price spread now: gTrade (Gains Network) against Polymarket Perps−0.042%7-day average −0.035% · 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−$281as in the Price arb table
costs, in and out, $10k−$2802.804% of the position
Funding, last 3 days (all we have)−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.042%, 7d avg −0.035%
=The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SILVER-USD | 65.296 | 0.0050 | pay 0.0006% / 1h | 33m 12s | $3.8M | $856K | 20x |
| Short | gTrade (Gains Network) XAG/USD | 65.268 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 33m 12s | $118K | — | 250x |
Polymarket Perps SILVER-USD
gTrade (Gains Network) XAG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$9.27
- Price spread: −0.042% → −0.035%
- −$0.76
- Slippage, 4 orders
- −$262.41
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$290.45
- Costs to cover
- 2.804%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 36 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, 6 min ago | 0.92 bp | 5.5 bp −$5 | 5.7 bp −$57 | 7.4 bp −$737 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 36 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2012.7 bp −$1.01M |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0056% | 1h | 65.295 | −0.002% | $35K | $21K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0041% | 1h | 65.240 | −0.086% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.297 | +0.002% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.310 | +0.021% | $27.8M | $39.4M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.320 | +0.037% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.370 | +0.113% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.320 | +0.037% | $1.5M | $281K | 100x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.332 | +0.056% | $5.5M | $9.1M | — | as long as short |
| gTrade (Gains Network) XAG/USDshort | L +0.0004% / S −0.0006% | 1h | 65.268 | −0.042% | $118K | — | 250x | |
| Aster XAGUSDT | +0.0024% | 4h | 65.320 | +0.037% | $2.7M | $928K | 100x | as long as short |
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Variational Omni XAG
Aster XAGUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SILVER_USDT | +0.0026% | 4h | 65.300 | +0.006% | $119.1M | $157.4M | 1000x | as long as short |
| Binance XAGUSDT | +0.0027% | 4h | 65.310 | +0.021% | $191.6M | $753.7M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.310 | +0.021% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.271 | −0.038% | $5.1M | $11.6M | 10x | as long as short |
| edgeX XAGUSDC | +0.0032% | 4h | 65.342 | +0.070% | $665K | $313K | 30x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.691% | $11K | $94K | 52x | as long as short |
| Gate XAG_USDT | +0.0034% | 4h | 65.320 | +0.037% | $140.7M | $178.3M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.350 | +0.083% | $786K | $2.9M | 40x | as long as short |
| Aevo XAG-PERP | +0.0040% | 1h | 65.316 | +0.030% | $47K | — | 10x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.330 | +0.052% | $157K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.748 | +0.692% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.264 | −0.049% | $169.6M | $81.7M | 25x | as long as short |
| Polymarket Perps SILVER-USDlong | +0.0050% | 1h | 65.296 | long leg | $3.8M | $856K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.267 | −0.044% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0052% | 8h | 65.310 | +0.022% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.316 | +0.031% | $56K | $31K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0079% | 24h | 65.299 | +0.005% | $518K | $31.7M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.300 | +0.006% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.271 | −0.039% | $464K | $611K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.280 | −0.025% | $25.3M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.310 | +0.021% | $112K | $19K | 50x | as long as short |
| BloFin XAG-USDT | +0.0107% | 4h | 65.350 | +0.083% | $2.7M | $574K | 100x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.337 | +0.062% | $1.2M | $4.8M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0130% | 4h | 65.372 | +0.116% | $384K | $1.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0152% | 4h | 65.310 | +0.021% | $23.2M | $44.7M | 100x | as long as short |
| Nado XAG-PERP | +0.0159% | 1h | 65.286 | −0.016% | $1.2M | $4.7M | 10x | as long as short |
| Lighter XAG | +0.0160% | 1h | 65.314 | +0.027% | $5.3M | $11.1M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0166% | 8h | 65.320 | +0.037% | $28.2M | $69.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0182% | 1h | 65.309 | +0.020% | $79K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0184% | 1h | 65.313 | +0.026% | $20K | $17K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0210% | 1h | 65.310 | +0.021% | $65K | $391K | 20x | as long as short |
| Bullet SILVER-USD | +0.0220% | 1h | 65.339 | +0.066% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.335 | +0.060% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0363% | 1h | 65.292 | −0.006% | $1.0M | $868K | 25x | as long as short |
MEXC SILVER_USDT
Binance XAGUSDT
Lighter RH XAG
Extended XAG-USD
edgeX XAGUSDC
Injective XAG/USDC PERP
Gate XAG_USDT
StandX XAG-USD
Aevo XAG-PERP
QFEX SILVER-USD
Vest SI-PERP
tradeXYZ xyz:SILVER
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Phoenix SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
RISEx XAG/USDC
GRVT XAG_USDT_Perp
Bitget XAGUSDT
Nado XAG-PERP
Lighter XAG
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD