XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0365%/8h= −40.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.084%

Price spread now: Ondo Perps against GMX−0.145%7-day average −0.201% · you buy dearer than you sell

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

Long on GMX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.235%−$23 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.145%, 7d avg −0.201%

Together, before fees−0.301%+ Points / potential airdropOndo Perps: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.057% dearer against GMX than usual: you sell high and buy low (spread −0.145% now, against its 7-day average of −0.201%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	65.705	L +0.0366% / S −0.0361%	pay 0.0046% / 1h	7m 43s	$93K	—	111x
Short	Ondo Perps XAG-USD.P	65.610	0.0001	get 0.0000% / 1h	7m 43s	$5.6M	$9.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$76.74
Price spread: −0.145% → −0.201%: $5.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$88.07
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

GMX and Ondo Perps: 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	65.698	−0.011%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.700	−0.008%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.740	+0.053%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	−0.023%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.Pshort	+0.0001%	1h	65.610	−0.145%	$5.6M	$9.7M	25x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.649	−0.085%	$119K	—	250x	as long as short
Hibachi XAG/USDT-P	+0.0016%	1h	65.584	−0.183%	$20K	$19K	10x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.716	+0.017%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.743	+0.059%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.663	−0.064%	$5.2M	$11.7M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.058%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	65.648	−0.087%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.750	+0.068%	$144.8M	$180.5M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.620	−0.129%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.128	+0.644%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.670	−0.053%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.641	−0.097%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.690	−0.023%	$157K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0063%	8h	65.691	−0.021%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.678	−0.041%	$448K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0078%	1h	65.724	+0.029%	$171.2M	$82.2M	25x	as long as short
Aster XAGUSDT	+0.0083%	4h	65.747	+0.064%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.660	−0.069%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.680	−0.038%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.580	−0.190%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0118%	4h	65.760	+0.084%	$28.8M	$39.2M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.185%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.742	+0.056%	$5.4M	$11.4M	25x	as long as short
Binance XAGUSDT	+0.0133%	4h	65.750	+0.068%	$189.6M	$745.5M	100x	as long as short
MEXC SILVER_USDT	+0.0136%	4h	65.720	+0.023%	$124.1M	$161.8M	1000x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.698	−0.011%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0147%	4h	65.560	−0.220%	$667K	$312K	30x	as long as short
Nado XAG-PERP	+0.0152%	1h	65.691	−0.021%	$1.3M	$5.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0160%	1h	65.698	−0.011%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.660	−0.068%	$1.6M	$1.3M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.690	−0.023%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.547	−0.241%	$79K	$37K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	65.644	−0.092%	$398K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.760	+0.084%	$24.0M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.750	+0.068%	$27.9M	$70.3M	50x	as long as short
Bullet SILVER-USD	+0.0241%	1h	65.712	+0.011%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0366% / S −0.0361%	1h	65.705	long leg	$93K	—	111x
BloFin XAG-USDT	+0.0377%	4h	65.680	−0.038%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.675	−0.045%	$916K	$735K	25x	as long as short