Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Polymarket Perps+0.145%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.145%, 7d avg +0.110%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.035% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.110%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	66.034	0.0050	pay 0.0006% / 1h	8m 20s	$3.9M	$672K	20x
Short	HTX XAG-USDT	66.130	0	get 0.0000% / 4h	8m 20s	$1.0M	$968K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$10.5
Price spread: +0.145% → +0.110%: $3.51
Slippage, 4 orders: −$11.66
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.65
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; HTX: live order book, just now.

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	0.45 bp	4.5 bp −$4	5.5 bp −$55	7.9 bp −$794	doesn't fit
Sell HTX live order book, just now	2.27 bp	13.6 bp −$14	14.2 bp −$142	16.6 bp −$1,657	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
dYdX XAG-USD	0.0000%	1h	66.018	−0.024%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.080	+0.070%	$150.1M	$163.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	+0.039%	$2K	$2.7M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.130	+0.145%	$1.0M	$968K	75x
Phemex XAGUSDT	0.0000%	4h	66.130	+0.145%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.993	−0.062%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.058	+0.036%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.994	−0.060%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.554%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.115%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0043%	1h	65.970	−0.097%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.500	+0.706%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.057	+0.035%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	66.034	long leg	$3.9M	$672K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.996	−0.058%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.070	+0.055%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	+0.029%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.040	+0.009%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.034	0.000%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	+0.009%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.006%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0127%	1h	66.035	+0.002%	$165.9M	$73.4M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.067	+0.049%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0143%	8h	66.083	+0.075%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0148%	4h	66.080	+0.070%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.090	+0.085%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.060	+0.039%	$5.3M	$10.8M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.075	+0.062%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.021%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	+0.044%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0214%	4h	66.070	+0.055%	$110.6M	$153.0M	1000x	as long as short
Nado XAG-PERP	+0.0214%	1h	66.025	−0.014%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0216%	4h	66.076	+0.064%	$192.6M	$700.1M	100x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.069	+0.053%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	+0.036%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0235%	8h	66.080	+0.070%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.070	+0.055%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0264%	4h	66.120	+0.130%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	+0.085%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0290%	1h	66.081	+0.071%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.050	+0.024%	$75K	$362K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.075	+0.062%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.054	+0.030%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.045	+0.017%	$911K	$683K	25x	as long as short