XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0363%/8h= −39.8% APRnext payment −$0.45 per $10,000 · paid last 24h −0.090%

Price spread now: Hotstuff against GMX−0.062%48s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Hotstuff

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Hotstuff is 0.062% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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	GMX SILVER/USD [ETH-USDC]	66.065	L +0.0387% / S −0.0440%	pay 0.0048% / 1h	14m 34s	$105K	—	111x
Short	Hotstuff SILVER-PERP	66.024	0.0024	get 0.0003% / 1h	14m 34s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$76.33
Price spread: −0.062% → 0.000%: −$6.21
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$99.54
Costs to cover: 0.170%
Break-even: never at this rate

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

GMX and Hotstuff: 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	−0.0057%	1h	65.960	−0.159%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.116%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.023%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.023%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.008%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.994	−0.107%	$120K	—	250x	as long as short
Hotstuff SILVER-PERPshort	+0.0024%	1h	66.024	−0.062%	$35K	$21K	20x
Lighter RH XAG	+0.0032%	1h	66.048	−0.026%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.993	−0.109%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.507%	$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
Gate XAG_USDT	+0.0034%	4h	66.070	+0.008%	$149.8M	$164.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	66.060	−0.008%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.478	+0.625%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.024	−0.062%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.994	−0.107%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	66.026	−0.059%	$166.3M	$74.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.041	−0.036%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	−0.023%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.008	−0.086%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.011	−0.082%	$557K	$26.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.065	0.000%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.003	−0.094%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.053%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.010	−0.083%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	66.046	−0.029%	$5.2M	$10.9M	25x	as long as short
Bybit XAGUSDT	+0.0113%	4h	66.080	+0.023%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0121%	4h	66.062	−0.004%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0165%	4h	66.053	−0.017%	$5.6M	$9.5M	—	as long as short
BloFin XAG-USDT	+0.0165%	4h	66.060	−0.008%	$2.6M	$563K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.053	−0.018%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0176%	1h	66.012	−0.081%	$1.4M	$5.8M	10x	as long as short
MEXC SILVER_USDT	+0.0176%	4h	66.060	−0.008%	$115.0M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0177%	4h	66.068	+0.004%	$191.6M	$702.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.079	+0.022%	$395K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0186%	4h	66.058	−0.010%	$670K	$312K	30x	as long as short
Aftermath Perps XAGUSD	+0.0189%	1h	66.046	−0.028%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.030	−0.053%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.053%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.070	+0.008%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.070	+0.008%	$23.9M	$45.2M	100x	as long as short
Bullet SILVER-USD	+0.0229%	1h	66.063	−0.004%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.020	−0.068%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0387% / S −0.0440%	1h	66.065	long leg	$105K	—	111x
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.029	−0.055%	$911K	$683K	25x	as long as short