XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0407%/8h= +44.6% APRnext payment +$0.51 per $10,000 · paid last 24h +0.057%

Price spread now: GMX against Injective−0.565%57s7-day average — · you buy dearer than you sell

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

Long on Injective Short on GMX

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

Funding pays, the price is against you. GMX is 0.565% cheaper against Injective than usual: you would sell low and buy high (spread −0.565% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$56 on $10k: about 4.6 days of funding at the current rate (+$12 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAG/USDC PERP	66.400	0.0033	pay 0.0004% / 1h	26m 14s	$11K	$94K	52x
Short	GMX SILVER/USD [ETH-USDC]	66.025	L +0.0387% / S −0.0440%	get 0.0055% / 1h	26m 14s	$105K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now −0.565%Rate

Funding earned: $85.5
Price spread: −0.565% → 0.000%: −$56.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: $17
Costs to cover: 0.120%
Break-even: 5.6 days

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

Injective and 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	−0.0052%	1h	65.900	−0.753%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.702%	$14K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.030	−0.557%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.050	−0.527%	$1.0M	$964K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.020	−0.572%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.966	−0.653%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0010%	4h	66.040	−0.542%	$149.8M	$163.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.009	−0.589%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.961	−0.661%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERPlong	+0.0033%	1h	66.400	long leg	$11K	$94K	52x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.020	−0.572%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.449	+0.074%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.991	−0.616%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.954	−0.672%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0052%	1h	65.989	−0.619%	$165.9M	$73.8M	25x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.993	−0.613%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	66.006	−0.593%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.010	−0.587%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.955	−0.670%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	65.984	−0.627%	$517K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.026	−0.564%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.964	−0.657%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.980	−0.633%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.970	−0.648%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.011	−0.586%	$5.2M	$10.7M	25x	as long as short
Bybit XAGUSDT	+0.0127%	4h	66.040	−0.542%	$27.7M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0133%	4h	66.028	−0.561%	$2.7M	$871K	100x	as long as short
BloFin XAG-USDT	+0.0142%	4h	66.020	−0.572%	$2.6M	$562K	100x	as long as short
Nado XAG-PERP	+0.0171%	1h	65.987	−0.622%	$1.4M	$5.8M	10x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.014	−0.581%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0183%	4h	66.023	−0.567%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.010	−0.587%	$114.5M	$152.5M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.020	−0.572%	$191.0M	$701.8M	100x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	65.979	−0.634%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0203%	4h	66.017	−0.576%	$670K	$313K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	66.021	−0.570%	$394K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.000	−0.602%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.678%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0228%	8h	66.010	−0.587%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0229%	1h	66.026	−0.563%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0234%	4h	66.020	−0.572%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	65.980	−0.633%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0387% / S −0.0440%	1h	66.025	−0.565%	$105K	—	111x
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.995	−0.610%	$911K	$683K	25x	as long as short