XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.016%

Price spread now: Kraken Futures against GMX−0.027%7-day average −0.087% · you buy dearer than you sell

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.226%−$23 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.027%, 7d avg −0.087%

Together, before fees−0.315%−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.060% dearer against GMX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.087%. Mind the row above: over the last 3 days funding on this pair cost −0.226%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	65.675	L +0.0366% / S −0.0361%	pay 0.0046% / 1h	9m 44s	$93K	—	111x
Short	Kraken Futures PF_XAGUSD	65.657	0.0469	get 0.0059% / 1h	9m 44s	$916K	$735K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.027%Rate

Funding earned: $21.61
Price spread: −0.027% → −0.087%: $6.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $5.63
Costs to cover: 0.220%
Break-even: 5.2 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 39 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 Kraken Futures live order book, 39 min ago	3.47 bp	9.3 bp −$9	16.5 bp −$165	61.3 bp −$6,135	doesn't fit

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	65.642	−0.050%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.690	+0.023%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.710	+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.P	+0.0001%	1h	65.610	−0.099%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.616	−0.089%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.662	−0.019%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.694	+0.029%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.639	−0.055%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.104%	$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
Phoenix SILVER	+0.0036%	1h	65.418	−0.391%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.710	+0.053%	$145.2M	$179.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	−0.160%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.068	+0.598%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.627	−0.073%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.636	−0.059%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	−0.069%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.607	−0.104%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.692	+0.027%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.640	−0.053%	$450K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.655	−0.030%	$171.1M	$82.1M	25x	as long as short
Aster XAGUSDT	+0.0086%	4h	65.680	+0.008%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.635	−0.061%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.660	−0.023%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.419%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0121%	4h	65.720	+0.069%	$28.9M	$39.0M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.139%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.687	+0.018%	$5.3M	$11.3M	25x	as long as short
MEXC SILVER_USDT	+0.0136%	4h	65.690	+0.023%	$123.8M	$161.7M	1000x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	65.476	−0.303%	$20K	$19K	10x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.678	+0.004%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0137%	4h	65.690	+0.023%	$189.4M	$744.6M	100x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.582	−0.141%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0158%	4h	65.443	−0.353%	$666K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.221%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.373%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.680	+0.008%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.471	−0.311%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.700	+0.038%	$28.0M	$70.2M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.700	+0.038%	$23.9M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.681	+0.009%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0366% / S −0.0361%	1h	65.675	long leg	$93K	—	111x
BloFin XAG-USDT	+0.0379%	4h	65.610	−0.099%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0469%	1h	65.657	−0.027%	$916K	$735K	25x