Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter RH against Polymarket Perps+0.073%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$160.163% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days−0.063%−$6 · spread now +0.073%, 7d avg +0.046%
=Together, before fees−0.094%+ Points / potential airdropLighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.028% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.046%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SILVER-USD | 65.041 | 0.0050 | pay 0.0006% / 1h | 6m 56s | $3.8M | $892K | 20x |
| Short | Lighter RH XAG | 65.088 | 0.0032 | get 0.0004% / 1h | 6m 56s | $4.6M | $10.0M | 25x |
Polymarket Perps SILVER-USD
Lighter RH XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$3.78
- Price spread: +0.073% → +0.046%
- $2.75
- Slippage, 4 orders
- −$8.33
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$17.35
- Costs to cover
- 0.163%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; Lighter RH: live order book, 2 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, 2 min ago | 1.54 bp | 5.5 bp −$6 | 5.7 bp −$57 | 7.5 bp −$748 | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 2.23 bp | 2.9 bp −$3 | 3.4 bp −$34 | 16.1 bp −$1,612 | 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 | −0.0026% | 1h | 64.970 | −0.109% | $5.7M | $9.9M | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0024% | 1h | 65.035 | −0.009% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 64.997 | −0.068% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.100 | +0.091% | $27.7M | $39.1M | 150x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.227 | +0.286% | $5.5M | $9.1M | — | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.090 | +0.075% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.150 | +0.168% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.100 | +0.091% | $1.5M | $278K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.023 | −0.027% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0030% | 4h | 65.100 | +0.091% | $140.2M | $181.7M | 100x | as long as short |
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
Variational Omni XAG
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAGshort | +0.0032% | 1h | 65.088 | +0.073% | $4.6M | $10.0M | 25x | |
| Extended XAG-USD | +0.0032% | 1h | 65.026 | −0.023% | $5.0M | $11.8M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.089% | $11K | $94K | 52x | as long as short |
| MEXC SILVER_USDT | +0.0034% | 4h | 65.080 | +0.060% | $124.5M | $162.6M | 1000x | as long as short |
| Binance XAGUSDT | +0.0034% | 4h | 65.090 | +0.075% | $191.6M | $755.9M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.110 | +0.106% | $783K | $3.0M | 40x | as long as short |
| Aster XAGUSDT | +0.0040% | 4h | 65.094 | +0.081% | $2.7M | $982K | 100x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.070 | +0.045% | $170K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.493 | +0.695% | — | — | 25x | as long as short |
| Aevo XAG-PERP | +0.0048% | 1h | 65.077 | +0.055% | $47K | — | 10x | as long as short |
| Polymarket Perps SILVER-USDlong | +0.0050% | 1h | 65.041 | long leg | $3.8M | $892K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.025 | −0.025% | $3K | $6K | 20x | as long as short |
| edgeX XAGUSDC | +0.0050% | 4h | 65.251 | +0.323% | $664K | $312K | 30x | as long as short |
| Paradex XAG-USD-PERP | +0.0053% | 8h | 65.054 | +0.021% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.076 | +0.054% | $56K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0071% | 1h | 65.046 | +0.008% | $172.9M | $84.5M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0080% | 24h | 65.055 | +0.022% | $489K | $32.2M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.030 | −0.017% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.011 | −0.046% | $463K | $598K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.050 | +0.014% | $25.2M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.200 | +0.244% | $111K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.077 | +0.055% | $1.3M | $4.9M | 20x | as long as short |
| BloFin XAG-USDT | +0.0136% | 4h | 65.100 | +0.091% | $2.7M | $624K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0144% | 4h | 65.219 | +0.273% | $394K | $1.6M | 25x | as long as short |
| Nado XAG-PERP | +0.0155% | 1h | 65.031 | −0.015% | $1.2M | $4.7M | 10x | as long as short |
| Bitget XAGUSDT | +0.0162% | 4h | 65.090 | +0.075% | $23.2M | $44.9M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0173% | 8h | 65.100 | +0.091% | $28.4M | $70.5M | 50x | as long as short |
| Lighter XAG | +0.0184% | 1h | 65.094 | +0.081% | $5.3M | $11.3M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0194% | 1h | 65.101 | +0.093% | $78K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 65.052 | +0.017% | $20K | $16K | 10x | as long as short |
| Bullet SILVER-USD | +0.0234% | 1h | 65.077 | +0.055% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.075 | +0.052% | $92K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0365% | 1h | 65.053 | +0.018% | $1.0M | $869K | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0365% | 1h | 65.080 | +0.060% | $65K | $398K | 20x | as long as short |
Extended XAG-USD
Injective XAG/USDC PERP
MEXC SILVER_USDT
Binance XAGUSDT
StandX XAG-USD
Aster XAGUSDT
QFEX SILVER-USD
Vest SI-PERP
Aevo XAG-PERP
SoDEX SILVER-USD
edgeX XAGUSDC
Paradex XAG-USD-PERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Nado XAG-PERP
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Lighter XAG
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD
Deribit SILVER_USDC-PERPETUAL