Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.031%

Price spread now: OKX against Polymarket Perps+0.030%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days+0.044%+$4 · spread now +0.030%, 7d avg +0.095%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.065% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.095%). If the spread goes back, that is −$7 on $10k: about 36 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	66.390	0.0050	pay 0.0006% / 1h	57m 22s	$3.9M	$669K	20x
Short	OKX XAG-USDT-SWAP	66.410	0.0194	get 0.0194% / 8h	6h 57m	$28.0M	$66.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $30.22
Price spread: +0.030% → +0.095%: −$6.53
Slippage, 4 orders: −$4.21
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $1.48
Costs to cover: 0.222%
Break-even: 6.7 days

Slippage from Polymarket Perps: live order book, 2 min ago; OKX: live order book, 1 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	1.35 bp	5.4 bp −$5	6.4 bp −$64	10.1 bp −$1,011	doesn't fit
Sell OKX live order book, 1 min ago	0.75 bp	5.8 bp −$6	6.8 bp −$68	12.1 bp −$1,212	104.0 bp −$52.0K

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	66.325	−0.098%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.440	+0.075%	$25.9M	$35.7M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.369	−0.032%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.410	+0.030%	$154.1M	$159.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.420	+0.045%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.430	+0.060%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.470	+0.121%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.348	−0.063%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.377	−0.019%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.350	−0.061%	$5.4M	$12.5M	10x	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	+0.0033%	1h	66.320	−0.105%	$5.7M	$9.5M	25x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.015%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.450	+0.090%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.852	+0.696%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.369	−0.032%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	66.390	long leg	$3.9M	$669K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.342	−0.072%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.410	+0.030%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.411	+0.032%	$548K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.424	+0.052%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0092%	1h	66.384	−0.009%	$165.7M	$85.2M	25x	as long as short
Aster XAGUSDT	+0.0096%	4h	66.418	+0.042%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.371	−0.029%	$473K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.380	−0.015%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.390	0.000%	$126K	$23K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.231%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.414	+0.036%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.509	+0.179%	$675K	$316K	30x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.410	+0.030%	$108.1M	$156.0M	1000x	as long as short
Binance XAGUSDT	+0.0126%	4h	66.415	+0.038%	$193.2M	$714.6M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.406	+0.024%	$48K	—	10x	as long as short
Lighter XAG	+0.0160%	1h	66.386	−0.006%	$5.3M	$10.4M	25x	as long as short
BloFin XAG-USDT	+0.0169%	4h	66.450	+0.090%	$2.6M	$686K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.380	−0.015%	$1.9M	$962K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.454	+0.097%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAPshort	+0.0194%	8h	66.410	+0.030%	$28.0M	$66.6M	50x
Bitget XAGUSDT	+0.0198%	4h	66.420	+0.045%	$24.5M	$46.4M	100x	as long as short
Aftermath Perps XAGUSD	+0.0207%	1h	66.441	+0.077%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0247%	1h	66.373	−0.026%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0255%	1h	66.431	+0.062%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.425	+0.053%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.371	−0.029%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	+0.015%	$50K	$331K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.377	−0.020%	$765K	$552K	25x	as long as short