XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.018%

Price spread now: Kraken Futures against GMX−0.052%7-day average −0.087% · you buy dearer than you sell

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.226%−$23 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.052%, 7d avg −0.087%

Together, before fees−0.290%−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.035% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.087%. Mind the row above: over the last 3 days funding on this pair cost −0.226%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	65.365	L +0.0272% / S −0.0241%	pay 0.0034% / 1h	17m 28s	$93K	—	111x
Short	Kraken Futures PF_XAGUSD	65.331	0.0493	get 0.0062% / 1h	17m 28s	$915K	$746K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.052%Rate

Funding earned: $46.27
Price spread: −0.052% → −0.087%: $3.52
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $27.79
Costs to cover: 0.220%
Break-even: 2.8 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 26 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 Kraken Futures live order book, 26 min ago	2.80 bp	9.9 bp −$10	18.2 bp −$182	69.8 bp −$6,983	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
Hibachi XAG/USDT-P	−0.0144%	1h	65.301	−0.098%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0079%	1h	65.270	−0.145%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.343	−0.034%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.306	−0.091%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.380	+0.023%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.380	+0.023%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.069%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.038%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.296	−0.106%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.400	+0.054%	$141.3M	$183.3M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAG	+0.0028%	4h	65.404	+0.059%	$5.5M	$9.4M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.389	+0.037%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.326	−0.060%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.583%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0034%	4h	65.378	+0.020%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	−0.023%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.782	+0.638%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.370	+0.008%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.340	−0.038%	$170.3M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.339	−0.040%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.295	−0.107%	$3K	$6K	20x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	65.380	+0.023%	$116.5M	$157.6M	1000x	as long as short
Binance XAGUSDT	+0.0054%	4h	65.380	+0.023%	$191.0M	$766.2M	100x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.373	+0.013%	$29K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0058%	4h	65.339	−0.040%	$665K	$314K	30x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.388	+0.035%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.371	+0.009%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.345	−0.031%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.331	−0.052%	$507K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.325	−0.061%	$469K	$628K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.350	−0.023%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.360	−0.008%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0118%	4h	65.365	+0.001%	$391K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	−0.115%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0134%	1h	65.346	−0.029%	$1.2M	$5.2M	10x	as long as short
Lighter XAG	+0.0152%	1h	65.392	+0.042%	$5.3M	$11.5M	25x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.380	+0.023%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.380	+0.023%	$28.0M	$71.0M	50x	as long as short
Bullet SILVER-USD	+0.0182%	1h	65.364	−0.001%	$44K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0214%	4h	65.370	+0.008%	$2.6M	$600K	100x	as long as short
Aftermath Perps XAGUSD	+0.0214%	1h	65.324	−0.062%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0272% / S −0.0241%	1h	65.365	long leg	$93K	—	111x
Deribit SILVER_USDC-PERPETUAL	+0.0362%	1h	65.350	−0.023%	$65K	$380K	20x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0493%	1h	65.331	−0.052%	$915K	$746K	25x