XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0285%/8h= −31.3% APRnext payment −$0.36 per $10,000 · paid last 24h −0.067%

Price spread now: gTrade (Gains Network) against GMX−0.076%7-day average −0.121% · you buy dearer than you sell

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

Long on GMX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.218%−$22 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.076%, 7d avg −0.121%

Together, before fees−0.245%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.045% dearer against GMX than usual: you sell high and buy low (spread −0.076% now, against its 7-day average of −0.121%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	66.825	L +0.0291% / S −0.0281%	pay 0.0036% / 1h	48m 31s	$104K	—	111x
Short	gTrade (Gains Network) XAG/USD	66.774	L +0.0004% / S −0.0006%	get 0.0001% / 1h	48m 31s	$121K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against GMX. 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 GMXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.076%Rate

Funding earned: −$59.94
Price spread: −0.076% → −0.121%: $4.49
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$77.45
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 55 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 gTrade (Gains Network) virtual book (oracle venue), 55 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

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	66.797	−0.041%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.830	+0.007%	$26.2M	$35.3M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.830	+0.007%	$155.6M	$165.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.840	+0.022%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.870	+0.067%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.840	+0.022%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.774	−0.076%	$121K	—	250x
Hotstuff SILVER-PERP	+0.0016%	1h	66.793	−0.048%	$36K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.811	−0.021%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.769	−0.084%	$5.4M	$13.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.636%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.760	−0.097%	$803K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.263	+0.655%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.759	−0.099%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.782	−0.064%	$166.3M	$86.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.778	−0.070%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.779	−0.069%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.730	−0.142%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.810	−0.022%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.790	−0.052%	$570K	$21.9M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	66.811	−0.021%	$5.4M	$10.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0089%	8h	66.822	−0.004%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0091%	4h	66.775	−0.075%	$5.7M	$9.9M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.771	−0.081%	$476K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.790	−0.052%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.750	−0.112%	$127K	$26K	50x	as long as short
Aster XAGUSDT	+0.0103%	4h	66.820	−0.007%	$2.8M	$1.1M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.803	−0.033%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	66.810	−0.022%	$116.6M	$155.6M	1000x	as long as short
Binance XAGUSDT	+0.0107%	4h	66.819	−0.008%	$192.3M	$725.8M	100x	as long as short
edgeX XAGUSDC	+0.0115%	4h	66.802	−0.035%	$678K	$314K	30x	as long as short
Nado XAG-PERP	+0.0130%	1h	66.786	−0.059%	$1.3M	$6.5M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.830	+0.007%	$1.3M	$4.2M	20x	as long as short
Bitget XAGUSDT	+0.0164%	4h	66.830	+0.007%	$24.8M	$48.7M	100x	as long as short
BloFin XAG-USDT	+0.0164%	4h	66.830	+0.007%	$2.6M	$692K	100x	as long as short
Aftermath Perps XAGUSD	+0.0175%	1h	66.754	−0.106%	$80K	$40K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.780	−0.067%	$1.9M	$967K	20x	as long as short
Bullet SILVER-USD	+0.0187%	1h	66.846	+0.031%	$45K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.830	+0.007%	$28.2M	$67.5M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0199%	1h	66.820	−0.007%	$51K	$344K	20x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.775	−0.075%	$20K	$22K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.790	−0.052%	$397K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0291% / S −0.0281%	1h	66.825	long leg	$104K	—	111x
Kraken Futures PF_XAGUSD	+0.0486%	1h	66.812	−0.020%	$767K	$589K	25x	as long as short