XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.034%

Price spread now: GMX against Lighter−0.229%129s7-day average +0.035% · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.229%, 7d avg +0.035%

Together, before fees+0.405%+ Points / potential airdropLighter: Season 3 · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.264% cheaper against Lighter than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of +0.035%). If the spread goes back, that is −$26 on $10k: about 2 months of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.109% in total) that is about 8.4 days. The two prices were read 129 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	Lighter XAG	65.264	0.0184	pay 0.0023% / 1h	13m 11s	$5.3M	$11.3M	25x
Short	GMX SILVER/USD [ETH-USDC]	65.115	L +0.0238% / S −0.0196%	get 0.0024% / 1h	13m 11s	$92K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −0.229%Rate

Funding earned: $2.47
Price spread: −0.229% → +0.035%: −$26.36
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$35.89
Costs to cover: 0.120%
Break-even: 108.8 days

Slippage unknown: Lighter: live order book, 10 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 Lighter live order book, 10 min ago	0.56 bp	0.6 bp −$1	0.8 bp −$8	5.5 bp −$550	16.8 bp −$8,415
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
Ondo Perps XAG-USD.P	−0.0028%	1h	65.120	−0.221%	$5.6M	$9.8M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	65.081	−0.281%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.145	−0.183%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.280	+0.024%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.125	−0.214%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.260	−0.007%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.290	+0.039%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.270	+0.009%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.195	−0.106%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.270	+0.009%	$140.6M	$181.4M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.267	+0.004%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.199	−0.099%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.740%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.260	−0.007%	$126.7M	$162.1M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.279	+0.023%	$191.8M	$755.7M	100x	as long as short
Aster XAGUSDT	+0.0039%	4h	65.270	+0.009%	$2.7M	$976K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.110	−0.236%	$783K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.210	−0.083%	$161K	$1.4M	20x	as long as short
edgeX XAGUSDC	+0.0046%	4h	65.107	−0.240%	$663K	$314K	30x	as long as short
Vest SI-PERP	+0.0046%	1h	65.639	+0.574%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.253	−0.018%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.221	−0.066%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.208	−0.086%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.170	−0.144%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.101	−0.250%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.221	−0.066%	$173.4M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.197	−0.103%	$483K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.451%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.130	−0.206%	$463K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.230	−0.053%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.298%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.237	−0.041%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0141%	4h	65.220	−0.068%	$2.7M	$626K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.139	−0.192%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0158%	1h	65.215	−0.076%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.270	+0.009%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0172%	8h	65.270	+0.009%	$28.5M	$70.5M	50x	as long as short
Lighter XAGlong	+0.0184%	1h	65.264	long leg	$5.3M	$11.3M	25x
Aftermath Perps XAGUSD	+0.0193%	1h	65.109	−0.237%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.250	−0.022%	$65K	$396K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.106	−0.243%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.256	−0.013%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0238% / S −0.0196%	1h	65.115	−0.229%	$92K	—	111x
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.239	−0.039%	$1.0M	$869K	25x	as long as short