XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0356%/8h= −38.9% APRnext payment −$0.44 per $10,000 · paid last 24h −0.065%

Price spread now: Lighter RH against GMX−0.032%7-day average −0.047% · you buy dearer than you sell

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

Long on GMX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.207%−$21 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.032%, 7d avg −0.047%

Together, before fees−0.281%+ Points / potential airdropLighter RH: Points live · farm board−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: −$11 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]	66.095	L +0.0388% / S −0.0440%	pay 0.0048% / 1h	18m 47s	$105K	—	111x
Short	Lighter RH XAG	66.074	0.0032	get 0.0004% / 1h	18m 47s	$4.7M	$9.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$74.66
Price spread: −0.032% → −0.047%: $1.53
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$85.13
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter RH: live order book, 5 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 RH live order book, 5 min ago	1.70 bp	1.9 bp −$2	2.2 bp −$22	20.5 bp −$2,051	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	−0.0061%	1h	65.960	−0.204%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.161%	$14K	$66	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.090	−0.008%	$149.9M	$164.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.008%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.008%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	−0.008%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.026	−0.104%	$120K	—	250x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.074	−0.032%	$4.7M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	66.027	−0.102%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.461%	$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
StandX XAG-USD	+0.0040%	1h	66.080	−0.023%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.513	+0.632%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.037	−0.088%	$166.3M	$74.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.045	−0.076%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.025	−0.106%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.074	−0.032%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.070	−0.038%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.049	−0.070%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.151%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.054	−0.062%	$518K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.093	−0.002%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.035	−0.090%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.068%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.098%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.078	−0.025%	$5.2M	$10.8M	25x	as long as short
Bybit XAGUSDT	+0.0115%	4h	66.100	+0.008%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0124%	4h	66.076	−0.029%	$2.7M	$866K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.073	−0.033%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0169%	1h	66.051	−0.067%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDT	+0.0170%	4h	66.060	−0.053%	$2.6M	$563K	100x	as long as short
Variational Omni XAG	+0.0171%	4h	66.073	−0.033%	$5.7M	$9.5M	—	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.085	−0.016%	$395K	$1.5M	25x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.080	−0.023%	$114.8M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0180%	4h	66.080	−0.023%	$190.9M	$702.0M	100x	as long as short
Aftermath Perps XAGUSD	+0.0187%	1h	66.020	−0.113%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0187%	4h	66.071	−0.036%	$670K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.098%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.080	−0.023%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.095	0.000%	$45K	$75K	10x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.080	−0.023%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.037	−0.088%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	−0.023%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0388% / S −0.0440%	1h	66.095	long leg	$105K	—	111x
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.056	−0.060%	$912K	$683K	25x	as long as short