XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0191%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h −0.040%

Price spread now: Pacifica against GMX−0.107%7-day average −0.076% · you buy dearer than you sell

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

Long on GMX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.237%−$24 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.107%, 7d avg −0.076%

Together, before fees−0.236%+ Points / potential airdropPacifica: Active · farm board−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Pacifica is 0.031% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	66.455	L +0.0291% / S −0.0281%	pay 0.0036% / 1h	21m 20s	$103K	—	111x
Short	Pacifica XAG	66.384	0.0100	get 0.0013% / 1h	21m 20s	$472K	$607K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpOrdersPrice spread, now −0.107%Rate

Funding earned: −$40.2
Price spread: −0.107% → −0.076%: −$3.08
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$63.29
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 47 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 Pacifica live order book, 47 min ago	0.08 bp	doesn't fit	doesn't fit	doesn't fit	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 43 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	66.363	−0.138%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.450	−0.008%	$152.7M	$164.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	−0.038%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	−0.008%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	−0.023%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.383	−0.108%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.427	−0.043%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.375	−0.121%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.083%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.450	−0.008%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.867	+0.620%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.309	−0.220%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.410	−0.068%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.343	−0.169%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.340	−0.173%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.420	−0.053%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.378	−0.116%	$567K	$23.4M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.400	−0.083%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.443	−0.018%	$1.3M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.401	−0.081%	$165.7M	$75.8M	25x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.384	−0.107%	$472K	$607K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.410	−0.068%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.370	−0.128%	$126K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0124%	4h	66.460	+0.008%	$26.6M	$36.3M	150x	as long as short
Aster XAGUSDT	+0.0130%	4h	66.440	−0.023%	$2.8M	$939K	100x	as long as short
Paradex XAG-USD-PERP	+0.0132%	8h	66.435	−0.030%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0150%	4h	66.344	−0.167%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.436	−0.029%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0170%	4h	66.440	−0.023%	$102.8M	$158.5M	1000x	as long as short
Binance XAGUSDT	+0.0173%	4h	66.450	−0.008%	$192.5M	$707.2M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.350	−0.158%	$1.9M	$969K	20x	as long as short
edgeX XAGUSDC	+0.0188%	4h	66.375	−0.120%	$673K	$314K	30x	as long as short
Lighter XAG	+0.0192%	1h	66.434	−0.031%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0205%	8h	66.440	−0.023%	$28.0M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.389	−0.099%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.381	−0.111%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.358	−0.146%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0244%	4h	66.440	−0.023%	$23.9M	$46.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	66.440	−0.023%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0285%	1h	66.458	+0.005%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0291% / S −0.0281%	1h	66.455	long leg	$103K	—	111x
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	−0.083%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.390	−0.098%	$766K	$478K	25x	as long as short