XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0132%/8h= −14.4% APRnext payment −$0.16 per $10,000 · paid last 24h −0.030%

Price spread now: Lighter against GMX+0.007%7-day average −0.036% · you sell dearer than you buy

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.162%−$16 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.007%, 7d avg −0.036%

Together, before fees−0.218%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.043% dearer against GMX than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.036%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	66.345	L +0.0292% / S −0.0281%	pay 0.0036% / 1h	37m 05s	$103K	—	111x
Short	Lighter XAG	66.350	0.0160	get 0.0020% / 1h	37m 05s	$5.3M	$10.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$27.62
Price spread: +0.007% → −0.036%: $4.3
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.32
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 6 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 Lighter live order book, 6 min ago	0.57 bp	0.8 bp −$1	1.5 bp −$15	7.5 bp −$745	19.9 bp −$9,929

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
dYdX XAG-USD	0.0000%	1h	66.294	−0.076%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	+0.023%	$153.3M	$162.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.360	+0.023%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.410	+0.098%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.370	+0.038%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.278	−0.100%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.337	−0.013%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.304	−0.061%	$5.4M	$12.4M	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	66.420	+0.113%	$799K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.810	+0.701%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	+0.102%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.314	−0.047%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.275	−0.106%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.098%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.360	+0.023%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.336	−0.014%	$562K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.375	+0.045%	$1.2M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0080%	4h	66.390	+0.068%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.334	−0.017%	$165.6M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.328	−0.026%	$472K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.320	−0.038%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.470	+0.188%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.339%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0118%	4h	66.339	−0.010%	$2.7M	$967K	100x	as long as short
Paradex XAG-USD-PERP	+0.0123%	8h	66.372	+0.041%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.241%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.333	−0.018%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.350	+0.008%	$102.1M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0153%	4h	66.369	+0.036%	$192.6M	$708.2M	100x	as long as short
Lighter XAGshort	+0.0160%	1h	66.350	+0.007%	$5.3M	$10.5M	25x
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.254%	$675K	$314K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.264%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.380	+0.053%	$28.0M	$66.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.427	+0.124%	$80K	$38K	10x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.368	+0.035%	$35K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.370	+0.038%	$24.2M	$46.1M	100x	as long as short
Nado XAG-PERP	+0.0229%	1h	66.324	−0.031%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.272%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.473	+0.192%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0278%	1h	66.353	+0.012%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0292% / S −0.0281%	1h	66.345	long leg	$103K	—	111x
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.308	−0.056%	$765K	$471K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.340	−0.008%	$50K	$325K	20x	as long as short