Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.047%
Price spread now: GMX against ApeX Omni+0.162%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.162% dearer against ApeX Omni than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni XAGUSDT | 64.920 | 0.0100 | pay 0.0013% / 1h | 19m 14s | $111K | $19K | 50x |
| Short | GMX SILVER/USD [ETH-USDC] | 65.025 | L +0.0237% / S −0.0196% | get 0.0024% / 1h | 19m 14s | $92K | — | 111x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against ApeX Omni. 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
- $20.11
- Price spread: +0.162% → 0.000%
- $16.17
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $14.28
- Costs to cover
- 0.220%
- Break-even
- 2.0 days
Slippage unknown: ApeX Omni: live order book, 11 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 ApeX Omni live order book, 11 min ago | 6.95 bp | 19.1 bp −$19 | 64.4 bp −$644 | doesn't fit | 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 | 65.013 | +0.143% | $12K | $6K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.100 | +0.277% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.130 | +0.323% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.100 | +0.277% | $1.5M | $346K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.020 | +0.154% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0014% | 4h | 65.120 | +0.308% | $138.1M | $188.3M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.087 | +0.258% | $4.6M | $9.9M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.018 | +0.151% | $5.0M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −0.490% | $11K | $240 | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 64.970 | +0.077% | $781K | $3.0M | 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 | 65.494 | +0.884% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 65.040 | +0.185% | $446K | $1.5M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.033 | +0.174% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.028 | +0.166% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 64.970 | +0.077% | $5.6M | $10.1M | 25x | as long as short |
| Variational Omni XAG | +0.0065% | 4h | 65.026 | +0.163% | $5.4M | $9.2M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0076% | 8h | 65.045 | +0.193% | $29K | $166 | 5x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0080% | 1h | 64.990 | +0.108% | $1.6M | $1.5M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0087% | 24h | 65.075 | +0.239% | $499K | $35.1M | 8.1x | as long as short |
| edgeX XAGUSDC | +0.0090% | 4h | 64.947 | +0.041% | $662K | $314K | 30x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.034 | +0.176% | $463K | $587K | 10x | as long as short |
| MEXC SILVER_USDT | +0.0100% | 4h | 65.080 | +0.246% | $124.1M | $160.4M | 1000x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.080 | +0.246% | $25.1M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDTlong | +0.0100% | 1h | 64.920 | long leg | $111K | $19K | 50x | |
| Aevo XAG-PERP | +0.0104% | 1h | 65.095 | +0.269% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0105% | 4h | 65.090 | +0.262% | $198.5M | $790.9M | 100x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 64.979 | +0.091% | $55K | $31K | 25x | as long as short |
| Aster XAGUSDT | +0.0122% | 4h | 65.070 | +0.231% | $2.7M | $1.0M | 100x | as long as short |
| Hotstuff SILVER-PERP | +0.0128% | 1h | 65.006 | +0.132% | $35K | $21K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0136% | 1h | 65.065 | +0.223% | $173.5M | $89.0M | 25x | as long as short |
| RISEx XAG/USDC | +0.0158% | 1h | 65.065 | +0.224% | $1.2M | $4.9M | 20x | as long as short |
| Nado XAG-PERP | +0.0166% | 1h | 65.045 | +0.193% | $1.2M | $4.2M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0211% | 8h | 65.100 | +0.277% | $29.1M | $76.4M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0217% | 1h | 64.867 | −0.082% | $78K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0222% | 4h | 65.080 | +0.246% | $22.9M | $47.9M | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC]short | L +0.0237% / S −0.0196% | 1h | 65.025 | +0.162% | $92K | — | 111x | |
| Lighter XAG | +0.0240% | 1h | 65.082 | +0.249% | $5.2M | $11.3M | 25x | as long as short |
| Bullet SILVER-USD | +0.0311% | 1h | 65.103 | +0.282% | $45K | $75K | 10x | as long as short |
| BloFin XAG-USDT | +0.0345% | 4h | 65.070 | +0.231% | $2.8M | $698K | 100x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0365% | 1h | 65.090 | +0.262% | $77K | $435K | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0376% | 1h | 64.982 | +0.095% | $20K | $15K | 10x | as long as short |
| Bybit XAGUSDT | +0.0382% | 4h | 65.100 | +0.277% | $30.2M | $43.6M | 150x | as long as short |
| GRVT XAG_USDT_Perp | +0.0410% | 4h | 65.030 | +0.169% | $387K | $1.6M | 25x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0418% | 1h | 65.077 | +0.242% | $1.0M | $895K | 25x | as long as short |
ApeX Omni XAGUSDT
GMX SILVER/USD [ETH-USDC]
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Variational Omni XAG
Paradex XAG-USD-PERP
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
edgeX XAGUSDC
Pacifica XAG
MEXC SILVER_USDT
KuCoin XAGUSDTM
Binance XAGUSDT
Phoenix SILVER
Aster XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Lighter XAG
Bullet SILVER-USD
BloFin XAG-USDT
Deribit SILVER_USDC-PERPETUAL
Bybit XAGUSDT
GRVT XAG_USDT_Perp
Kraken Futures PF_XAGUSD