Funding you earn now, next payment 12:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h +0.050%
Price spread now: GMX against ApeX Omni+0.023%68s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.023% dearer against ApeX Omni than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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 | ApeX Omni XAGUSDT | 65.610 | 0.0100 | pay 0.0013% / 1h | 53m 44s | $112K | $19K | 50x |
| Short | GMX SILVER/USD [ETH-USDC] | 65.625 | L +0.0282% / S −0.0253% | get 0.0032% / 1h | 53m 44s | $93K | — | 111x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $32.23
- Price spread: +0.023% → 0.000%
- $2.29
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $12.51
- Costs to cover
- 0.220%
- Break-even
- 4.3 days
Slippage unknown: ApeX Omni: live order book, 50 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 ApeX Omni live order book, 50 min ago | 7.63 bp | 22.1 bp −$22 | 66.4 bp −$664 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0088% | 1h | 65.565 | −0.069% | $39K | $26K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.521 | −0.135% | $13K | $8K | 5x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | 65.619 | +0.013% | $1.3M | $5.4M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.610 | 0.000% | $136.5M | $198.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.620 | +0.015% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.640 | +0.046% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.640 | +0.046% | $1.5M | $257K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.554 | −0.085% | $119K | — | 250x | as long as short |
| Ondo Perps XAG-USD.P | +0.0025% | 1h | 65.520 | −0.137% | $5.7M | $11.1M | 25x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.615 | +0.008% | $4.6M | $9.5M | 25x | as long as short |
Show all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.555 | −0.083% | $5.1M | $12.0M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.536% | $11K | $240 | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.590 | −0.030% | $789K | $3.0M | 40x | as long as short |
| QFEX SILVER-USD | +0.0042% | 1h | 65.600 | −0.015% | $446K | $1.4M | 20x | as long as short |
| Bybit XAGUSDT | +0.0043% | 4h | 65.620 | +0.015% | $30.5M | $47.8M | 150x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.037 | +0.651% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.576 | −0.052% | $3.8M | $905K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.561 | −0.075% | $3K | $6K | 20x | as long as short |
| Variational Omni XAG | +0.0052% | 4h | 65.578 | −0.049% | $5.6M | $9.0M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0052% | 8h | 65.597 | −0.020% | $29K | — | 5x | as long as short |
| Aster XAGUSDT | +0.0073% | 4h | 65.590 | −0.030% | $2.7M | $1.2M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0074% | 4h | 65.610 | 0.000% | $114.9M | $162.8M | 1000x | as long as short |
| Binance XAGUSDT | +0.0076% | 4h | 65.610 | 0.000% | $190.4M | $863.2M | 100x | as long as short |
| edgeX XAGUSDC | +0.0087% | 4h | 65.624 | +0.022% | $669K | $313K | 30x | as long as short |
| Aevo XAG-PERP | +0.0088% | 1h | 65.608 | −0.004% | $47K | — | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0096% | 4h | 65.674 | +0.097% | $389K | $1.6M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.546 | −0.098% | $462K | $520K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.580 | −0.046% | $25.4M | $4.3M | 75x | as long as short |
| ApeX Omni XAGUSDTlong | +0.0100% | 1h | 65.610 | long leg | $112K | $19K | 50x | |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.710 | +0.152% | $1.6M | $1.9M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0105% | 1h | 65.569 | −0.062% | $175.6M | $86.7M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0107% | 24h | 65.620 | +0.015% | $792K | $38.8M | 8.1x | as long as short |
| Phoenix SILVER | +0.0122% | 1h | 65.584 | −0.040% | $55K | $15K | 25x | as long as short |
| Lighter XAG | +0.0136% | 1h | 65.590 | −0.031% | $5.3M | $11.8M | 25x | as long as short |
| Nado XAG-PERP | +0.0139% | 1h | 65.564 | −0.069% | $1.2M | $3.4M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0178% | 8h | 65.620 | +0.015% | $27.9M | $85.7M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0208% | 1h | 65.600 | −0.015% | $77K | $409K | 20x | as long as short |
| Bitget XAGUSDT | +0.0214% | 4h | 65.610 | 0.000% | $23.1M | $52.8M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 65.538 | −0.110% | $21K | $12K | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0226% | 1h | 65.609 | −0.002% | $79K | $37K | 10x | as long as short |
| Bullet SILVER-USD | +0.0227% | 1h | 65.625 | +0.023% | $45K | $73K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC]short | L +0.0282% / S −0.0253% | 1h | 65.625 | +0.023% | $93K | — | 111x | |
| BloFin XAG-USDT | +0.0309% | 4h | 65.610 | 0.000% | $2.7M | $784K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0540% | 1h | 65.594 | −0.025% | $1.0M | $943K | 25x | as long as short |
ApeX Omni XAGUSDT
GMX SILVER/USD [ETH-USDC]
RISEx XAG/USDC
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Bybit XAGUSDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Variational Omni XAG
Paradex XAG-USD-PERP
Aster XAGUSDT
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
GRVT XAG_USDT_Perp
Pacifica XAG
KuCoin XAGUSDTM
Coinbase International SILVER-PERP-INTX
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Phoenix SILVER
Lighter XAG
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Bitget XAGUSDT
Aftermath Perps XAGUSD
Bullet SILVER-USD
BloFin XAG-USDT
Kraken Futures PF_XAGUSD