XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0135%/8h= −14.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.041%

Price spread now: Lighter against GMX+0.010%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	65.795	L +0.0279% / S −0.0250%	pay 0.0035% / 1h	5m 57s	$93K	—	111x
Short	Lighter XAG	65.802	0.0144	get 0.0018% / 1h	5m 57s	$5.3M	$12.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$28.39
Price spread: +0.010% → 0.000%: $1.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39.36
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 6 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 Lighter live order book, 6 min ago	0.40 bp	0.4 bp $0	0.8 bp −$8	5.8 bp −$583	16.6 bp −$8,321

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 exchanges

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
Hotstuff SILVER-PERP	−3.2000%	1h	65.748	−0.071%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.705	−0.136%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.820	+0.038%	$137.9M	$207.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.790	−0.008%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.840	+0.068%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.810	+0.023%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.745	−0.076%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.805	+0.016%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.742	−0.081%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.813%	$11K	$240	52x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.730	−0.099%	$791K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.215	+0.638%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.759	−0.055%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.742	−0.081%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.680	−0.175%	$5.7M	$11.2M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.760	−0.053%	$448K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.757	−0.057%	$29K	—	5x	as long as short
Bybit XAGUSDT	+0.0060%	4h	65.810	+0.023%	$30.5M	$48.2M	150x	as long as short
Variational Omni XAG	+0.0068%	4h	65.678	−0.177%	$5.6M	$9.0M	—	as long as short
Aster XAGUSDT	+0.0084%	4h	65.800	+0.008%	$2.7M	$1.2M	100x	as long as short
MEXC SILVER_USDT	+0.0088%	4h	65.800	+0.008%	$116.6M	$166.8M	1000x	as long as short
tradeXYZ xyz:SILVER	+0.0088%	1h	65.770	−0.038%	$175.8M	$92.5M	25x	as long as short
Binance XAGUSDT	+0.0089%	4h	65.800	+0.008%	$191.2M	$863.8M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	65.786	−0.014%	$47K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	65.721	−0.112%	$465K	$523K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.760	−0.053%	$25.4M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.720	−0.114%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.620	−0.266%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0105%	24h	65.782	−0.020%	$779K	$39.2M	8.1x	as long as short
edgeX XAGUSDC	+0.0109%	4h	65.707	−0.133%	$670K	$314K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0110%	4h	65.769	−0.039%	$391K	$1.6M	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.780	−0.023%	$1.3M	$5.4M	20x	as long as short
Nado XAG-PERP	+0.0119%	1h	65.757	−0.057%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0122%	1h	65.666	−0.196%	$55K	$14K	25x	as long as short
Lighter XAGshort	+0.0144%	1h	65.802	+0.010%	$5.3M	$12.1M	25x
OKX XAG-USDT-SWAP	+0.0188%	8h	65.800	+0.008%	$28.1M	$86.1M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0206%	1h	65.780	−0.023%	$77K	$412K	20x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	65.720	−0.114%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	65.810	+0.023%	$23.1M	$53.0M	100x	as long as short
Bullet SILVER-USD	+0.0230%	1h	65.801	+0.010%	$45K	$73K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.714	−0.123%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0279% / S −0.0250%	1h	65.795	long leg	$93K	—	111x
BloFin XAG-USDT	+0.0330%	4h	65.770	−0.038%	$2.7M	$783K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0546%	1h	65.775	−0.030%	$1.0M	$947K	25x	as long as short