XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0231%/8h= +25.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.043%

Price spread now: GMX against Polymarket Perps+0.062%7-day average +0.075% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.121%+$12 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.062%, 7d avg +0.075%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$7 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	66.384	0.0050	pay 0.0006% / 1h	36m 07s	$3.9M	$669K	20x
Short	GMX SILVER/USD [ETH-USDC]	66.425	L +0.0292% / S −0.0281%	get 0.0035% / 1h	36m 07s	$103K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $48.49
Price spread: +0.062% → +0.075%: −$1.28
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $27.21
Costs to cover: 0.200%
Break-even: 3.1 days

Slippage unknown: Polymarket Perps: live order book, 3 min ago; GMX: no order-book sample. 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 Polymarket Perps live order book, 3 min ago	1.28 bp	5.5 bp −$6	5.6 bp −$56	7.0 bp −$705	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	66.294	−0.135%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.410	+0.039%	$153.4M	$162.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	+0.069%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	+0.099%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	+0.084%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.350	−0.052%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.400	+0.023%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.349	−0.052%	$5.4M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.024%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.420	+0.054%	$799K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.845	+0.694%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	+0.044%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	66.384	long leg	$3.9M	$669K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.348	−0.054%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.157%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.400	+0.024%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.357	−0.041%	$563K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.403	+0.029%	$1.2M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0088%	4h	66.440	+0.084%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.387	+0.005%	$165.7M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.342	−0.063%	$472K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.380	−0.006%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.470	+0.130%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.280%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0114%	4h	66.379	−0.007%	$2.7M	$967K	100x	as long as short
Paradex XAG-USD-PERP	+0.0123%	8h	66.374	−0.015%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0140%	4h	66.405	+0.031%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.416	+0.048%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.420	+0.054%	$102.4M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0154%	4h	66.430	+0.069%	$192.7M	$708.2M	100x	as long as short
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.195%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0168%	1h	66.412	+0.043%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.205%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0198%	8h	66.430	+0.069%	$28.0M	$66.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.408	+0.036%	$80K	$38K	10x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.368	−0.024%	$35K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.410	+0.039%	$24.0M	$46.1M	100x	as long as short
Nado XAG-PERP	+0.0229%	1h	66.323	−0.092%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.213%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.302	−0.124%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.416	+0.048%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0292% / S −0.0281%	1h	66.425	+0.062%	$103K	—	111x
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	+0.024%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.375	−0.013%	$765K	$475K	25x	as long as short