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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h −0.014%
Price spread now: Polymarket Perps against Variational Omni+0.125%7-day average −0.095% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.003%$0 on $10k
Price spread, last 7 days−0.194%−$19 · spread now +0.125%, 7d avg −0.095%
Together, before fees−0.191%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.220% dearer against Variational Omni than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of −0.095%): +$22 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 48 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XAG65.0260.0065pay 0.0033% / 4h3h 17m$5.4M$9.2M—
ShortPolymarket Perps SILVER-USD65.1070.0050get 0.0006% / 1h17m 49s$3.8M$890K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Variational Omni. 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

Funding earned
−$3.2
Price spread: +0.125% → −0.095%
$22.01
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$10.81
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Polymarket Perps: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 1 min ago2.58 bpdoesn't fit2.6 bp −$26doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 1 min ago2.84 bp9.0 bp −$910.4 bp −$104doesn't fitdoesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h65.154+0.198%$12K$6K5xas long as short
SunX XAG-USDT0.0000%4h65.140+0.176%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h65.220+0.299%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.190+0.253%$1.5M$346K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.064+0.058%$118K—250xas long as short
Gate XAG_USDT+0.0018%4h65.220+0.299%$138.2M$188.9M100xas long as short
Lighter RH XAG+0.0032%1h65.207+0.278%$4.6M$9.9M25xas long as short
Extended XAG-USD+0.0032%1h65.132+0.163%$5.0M$12.1M10xas long as short
Injective XAG/USDC PERP+0.0033%1h64.602−0.651%$11K$24052xas long as short
StandX XAG-USD+0.0040%1h65.020−0.009%$782K$3.0M40xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest SI-PERP+0.0046%1h65.536+0.785%——25xas long as short
QFEX SILVER-USD+0.0047%1h65.130+0.161%$446K$1.5M20xas long as short
Polymarket Perps SILVER-USDshort+0.0050%1h65.107+0.125%$3.8M$890K20x
SoDEX SILVER-USD+0.0050%1h65.088+0.096%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h65.010−0.024%$5.6M$10.1M25xas long as short
Variational Omni XAGlong+0.0065%4h65.026long leg$5.4M$9.2M—
Paradex XAG-USD-PERP+0.0077%8h65.110+0.130%$29K$1665xas long as short
Coinbase International SILVER-PERP-INTX+0.0080%1h65.090+0.099%$1.6M$1.5M20xas long as short
Kalshi KXSILVERPERP+0.0087%24h65.183+0.242%$512K$35.3M8.1xas long as short
edgeX XAGUSDC+0.0090%4h64.947−0.121%$662K$314K30xas long as short
Pacifica XAG+0.0100%1h65.062+0.056%$463K$587K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.170+0.222%$25.1M$4.6M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h64.920−0.162%$111K$19K50xas long as short
MEXC SILVER_USDT+0.0104%4h65.200+0.268%$112.8M$160.7M1000xas long as short
Aevo XAG-PERP+0.0104%1h65.159+0.205%$47K—10xas long as short
Binance XAGUSDT+0.0108%4h65.220+0.299%$198.9M$793.6M100xas long as short
Phoenix SILVER+0.0111%1h64.979−0.072%$55K$31K25xas long as short
Aster XAGUSDT+0.0126%4h65.210+0.284%$2.7M$1.0M100xas long as short
Hotstuff SILVER-PERP+0.0128%1h65.090+0.099%$35K$21K20xas long as short
tradeXYZ xyz:SILVER+0.0136%1h65.169+0.221%$173.8M$89.1M25xas long as short
RISEx XAG/USDC+0.0158%1h65.152+0.194%$1.2M$4.9M20xas long as short
Nado XAG-PERP+0.0166%1h65.102+0.118%$1.2M$4.2M10xas long as short
OKX XAG-USDT-SWAP+0.0212%8h65.230+0.314%$29.1M$76.7M50xas long as short
Aftermath Perps XAGUSD+0.0215%1h64.895−0.201%$78K$37K10xas long as short
Bitget XAGUSDT+0.0222%4h65.210+0.284%$23.0M$48.1M100xas long as short
Lighter XAG+0.0232%1h65.192+0.256%$5.2M$11.3M25xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h65.145+0.184%$92K—111xas long as short
Bullet SILVER-USD+0.0311%1h65.144+0.182%$45K$75K10xas long as short
BloFin XAG-USDT+0.0345%4h65.070+0.068%$2.8M$698K100xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0365%1h65.130+0.161%$77K$435K20xas long as short
Hibachi XAG/USDT-P+0.0376%1h64.982−0.067%$20K$15K10xas long as short
Bybit XAGUSDT+0.0382%4h65.250+0.345%$30.4M$43.8M150xas long as short
GRVT XAG_USDT_Perp+0.0410%4h65.030+0.007%$387K$1.6M25xas long as short
Kraken Futures PF_XAGUSD+0.0418%1h65.139+0.175%$1.0M$895K25xas long as short