Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h −0.023%

Price spread now: Kalshi against Aster−0.071%51s7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.240% of the position

Long on Aster Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.035%−$4 · spread now −0.071%, 7d avg −0.112%

Together, before fees−0.082%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.041% dearer against Aster than usual: you sell high and buy low (spread −0.071% now, against its 7-day average of −0.112%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.047% in total) that is about 6.0 days. The two prices were read 51 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	Aster XAGUSDT	66.170	0.0123	pay 0.0061% / 4h	1h 06m	$2.7M	$878K	100x
Short	Kalshi KXSILVERPERP	66.123	0.0066	get 0.0197% / 24h	11h 06m	$544K	$24.8M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Aster. 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 AsterbpFee KalshibpOrdersPrice spread, now −0.071%Rate

Funding earned: −$12
Price spread: −0.071% → −0.112%: $4.08
Slippage, 4 orders: −$5.97
Fee Aster: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$31.89
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Kalshi: live order book, 3 min ago.

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 Aster live order book, 2 min ago	0.75 bp	6.3 bp −$6	7.4 bp −$74	16.5 bp −$1,654	doesn't fit
Sell Kalshi live order book, 3 min ago	0.68 bp	6.2 bp −$6	6.5 bp −$65	10.2 bp −$1,015	doesn't fit

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	66.087	−0.125%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.030%	$149.8M	$165.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	+0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.210	+0.060%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.200	+0.045%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.086	−0.127%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.143	−0.041%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.163	−0.010%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.111	−0.089%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.348%	$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
StandX XAG-USD	+0.0040%	1h	66.160	−0.015%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.605	+0.657%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	66.030	−0.212%	$5.7M	$9.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.137	−0.050%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.097	−0.110%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.180	+0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERPshort	+0.0066%	24h	66.123	−0.071%	$544K	$24.8M	8.1x
Phoenix SILVER	+0.0084%	1h	66.141	−0.044%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.123	−0.071%	$165.4M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.117	−0.080%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.120	−0.076%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	−0.030%	$113K	$30K	50x	as long as short
Aster XAGUSDTlong	+0.0123%	4h	66.170	long leg	$2.7M	$878K	100x
Paradex XAG-USD-PERP	+0.0128%	8h	66.169	−0.001%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0129%	4h	66.180	+0.015%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0161%	4h	66.190	+0.030%	$2.6M	$552K	100x	as long as short
Variational Omni XAG	+0.0174%	4h	66.172	+0.003%	$5.6M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.165	−0.008%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.179	+0.014%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.171	+0.001%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.160	−0.015%	$106.5M	$154.1M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.160	−0.015%	$191.8M	$705.5M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.015%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0200%	4h	66.201	+0.046%	$672K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.180	+0.015%	$27.7M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.130	−0.060%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.152	−0.026%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.180	+0.015%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.200	+0.045%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.170	0.000%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.120	−0.076%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.160	−0.015%	$63K	$336K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0386%	1h	66.185	+0.023%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.133	−0.056%	$912K	$674K	25x	as long as short