XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0257%/8h= −28.2% APRnext payment −$0.32 per $10,000 · paid last 24h −0.058%

Price spread now: Injective against GMX−0.128%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 0.128% cheaper against GMX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	66.485	L +0.0291% / S −0.0281%	pay 0.0036% / 1h	22m 30s	$103K	—	111x
Short	Injective XAG/USDC PERP	66.400	0.0033	get 0.0004% / 1h	22m 30s	$11K	$94K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.128%Rate

Funding earned: −$54.07
Price spread: −0.128% → 0.000%: −$12.78
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$78.88
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Injective: 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 GMX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

GMX and Injective: 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	66.430	−0.083%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.550	+0.098%	$26.2M	$34.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.510	+0.038%	$154.5M	$173.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.490	+0.008%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.038%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.510	+0.038%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.419	−0.099%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.476	−0.013%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.446	−0.059%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	66.400	−0.128%	$11K	$94K	52x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.409	−0.114%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.430	−0.083%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.955	+0.707%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.495	+0.015%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.419	−0.099%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.400	−0.128%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.442	−0.065%	$594K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.510	+0.038%	$124K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.450	−0.053%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0073%	1h	66.459	−0.039%	$165.6M	$86.8M	25x	as long as short
Variational Omni XAG	+0.0100%	4h	66.457	−0.042%	$5.6M	$10.1M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.454	−0.047%	$480K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.440	−0.068%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.420	−0.098%	$126K	$26K	50x	as long as short
Paradex XAG-USD-PERP	+0.0109%	8h	66.505	+0.030%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0112%	4h	66.510	+0.038%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.500	+0.023%	$5.2M	$10.4M	25x	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.510	+0.038%	$115.0M	$153.2M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.485	0.000%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.522	+0.056%	$192.6M	$723.5M	100x	as long as short
edgeX XAGUSDC	+0.0128%	4h	66.480	−0.008%	$674K	$314K	30x	as long as short
Bitget XAGUSDT	+0.0146%	4h	66.520	+0.053%	$24.3M	$48.1M	100x	as long as short
BloFin XAG-USDT	+0.0146%	4h	66.500	+0.023%	$2.6M	$651K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.410	−0.113%	$1.9M	$853K	20x	as long as short
Aftermath Perps XAGUSD	+0.0167%	1h	66.409	−0.114%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0174%	4h	66.458	−0.041%	$396K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.530	+0.068%	$27.9M	$66.6M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.521	+0.054%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0256%	1h	66.493	+0.012%	$45K	$76K	10x	as long as short
Nado XAG-PERP	+0.0259%	1h	66.452	−0.049%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0291% / S −0.0281%	1h	66.485	long leg	$103K	—	111x
Hibachi XAG/USDT-P	+0.0296%	1h	66.426	−0.088%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.480	−0.008%	$50K	$369K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.452	−0.049%	$762K	$586K	25x	as long as short