XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0334%/8h= −36.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.057%

Price spread now: Extended against GMX−0.092%7-day average −0.060% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.188%−$19 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.092%, 7d avg −0.060%

Together, before fees−0.252%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Extended is 0.032% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	65.725	L +0.0366% / S −0.0360%	pay 0.0046% / 1h	30m 02s	$93K	—	111x
Short	Extended XAG-USD	65.665	0.0032	get 0.0004% / 1h	30m 02s	$5.1M	$11.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee ExtendedbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$70.24
Price spread: −0.092% → −0.060%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$90.4
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Extended: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Extended live order book, 4 min ago	0.15 bp	3.1 bp −$3	4.5 bp −$45	12.3 bp −$1,234	doesn't fit

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
Ondo Perps XAG-USD.P	−0.0034%	1h	65.620	−0.160%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.655	−0.107%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.720	−0.008%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.740	+0.023%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.750	+0.038%	$1.5M	$264K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.659	−0.101%	$120K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.740	+0.023%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.710	−0.023%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	65.665	−0.092%	$5.1M	$11.5M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.027%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	65.634	−0.138%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.730	+0.008%	$148.1M	$167.1M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.700	−0.038%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.140	+0.631%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.694	−0.047%	$3.9M	$704K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.662	−0.096%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.720	−0.008%	$156K	$2.8M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.700	−0.038%	$72K	$366K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.560	−0.251%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.726	+0.002%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0064%	1h	65.679	−0.070%	$166.2M	$76.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.697	−0.043%	$562K	$27.3M	8.1x	as long as short
Bybit XAGUSDT	+0.0088%	4h	65.740	+0.023%	$28.4M	$38.4M	150x	as long as short
Aster XAGUSDT	+0.0099%	4h	65.730	+0.007%	$2.7M	$926K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.674	−0.078%	$468K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.680	−0.068%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.600	−0.190%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0120%	1h	65.716	−0.014%	$5.4M	$11.0M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.712	−0.020%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0137%	4h	65.665	−0.092%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0146%	4h	65.720	−0.008%	$117.4M	$153.5M	1000x	as long as short
Binance XAGUSDT	+0.0148%	4h	65.710	−0.023%	$189.5M	$719.7M	100x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.696	−0.045%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0157%	4h	65.780	+0.084%	$669K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.680	−0.068%	$1.7M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.700	−0.038%	$390K	$1.5M	25x	as long as short
BloFin XAG-USDT	+0.0206%	4h	65.670	−0.084%	$2.6M	$605K	100x	as long as short
Bitget XAGUSDT	+0.0212%	4h	65.730	+0.008%	$24.5M	$46.8M	100x	as long as short
Aftermath Perps XAGUSD	+0.0214%	1h	65.773	+0.073%	$79K	$36K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0218%	8h	65.720	−0.008%	$27.4M	$68.6M	50x	as long as short
Bullet SILVER-USD	+0.0230%	1h	65.730	+0.008%	$43K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.608	−0.178%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0366% / S −0.0360%	1h	65.725	long leg	$93K	—	111x
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.706	−0.030%	$919K	$749K	25x	as long as short