XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0251%/8h= −27.5% APRnext payment −$0.31 per $10,000 · paid last 24h −0.024%

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

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.163%+$16 on $10k

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

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.035% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.087%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.163%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAGUSD	65.331	0.0493	pay 0.0062% / 1h	17m 54s	$915K	$746K	25x
Short	GMX SILVER/USD [ETH-USDC]	65.365	L +0.0272% / S −0.0241%	get 0.0030% / 1h	17m 54s	$93K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$52.8
Price spread: +0.052% → +0.087%: −$3.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$78.32
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 25 min ago; 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 Kraken Futures live order book, 25 min ago	2.80 bp	8.6 bp −$9	16.0 bp −$160	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.046%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0080%	1h	65.240	−0.139%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.330	−0.001%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.253	−0.119%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.380	+0.075%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.380	+0.075%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.121%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.091%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.296	−0.053%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0024%	4h	65.400	+0.106%	$141.1M	$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	+0.111%	$5.5M	$9.4M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.354	+0.035%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.310	−0.032%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.637%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0034%	4h	65.360	+0.045%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	+0.029%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.766	+0.666%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.340	+0.014%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.337	+0.009%	$170.3M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.321	−0.015%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.295	−0.055%	$3K	$6K	20x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	65.370	+0.060%	$116.5M	$157.6M	1000x	as long as short
Binance XAGUSDT	+0.0053%	4h	65.382	+0.078%	$191.1M	$766.5M	100x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.337	+0.009%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.362	+0.048%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.371	+0.061%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.345	+0.021%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	65.369	+0.058%	$665K	$313K	30x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.331	0.000%	$507K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.301	−0.045%	$469K	$628K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	−0.001%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.360	+0.045%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.408	+0.118%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	−0.063%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0133%	1h	65.307	−0.036%	$1.2M	$5.2M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.358	+0.041%	$5.3M	$11.5M	25x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.380	+0.075%	$23.7M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.380	+0.075%	$28.0M	$71.0M	50x	as long as short
Bullet SILVER-USD	+0.0182%	1h	65.364	+0.051%	$44K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0214%	4h	65.370	+0.060%	$2.6M	$600K	100x	as long as short
Aftermath Perps XAGUSD	+0.0214%	1h	65.324	−0.010%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0272% / S −0.0241%	1h	65.365	+0.052%	$93K	—	111x
Deribit SILVER_USDC-PERPETUAL	+0.0362%	1h	65.350	+0.029%	$65K	$380K	20x	as long as short
Kraken Futures PF_XAGUSDlong	+0.0493%	1h	65.331	long leg	$915K	$746K	25x