Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0161%/8h= −17.7% APRpaid last 24h −0.064%

Price spread now: Kalshi against Bitget−0.153%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Bitget Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.153%, 7d avg −0.116%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kalshi is 0.037% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.116%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	66.540	0.0222	pay 0.0111% / 4h	2h 40m	$24.4M	$45.8M	100x
Short	Kalshi KXSILVERPERP	66.438	0.0061	get 0.0182% / 24h	12h 40m	$574K	$23.1M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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 BitgetbpFee KalshibpOrdersPrice spread, now −0.153%Rate

Funding earned: −$33.91
Price spread: −0.153% → −0.116%: −$3.73
Slippage, 4 orders: −$4.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$64.08
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.75 bp	6.9 bp −$7	9.8 bp −$98	19.5 bp −$1,945	53.2 bp −$26.6K
Sell Kalshi live order book, 3 min ago	0.60 bp	5.7 bp −$6	5.9 bp −$59	9.9 bp −$995	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
Hotstuff SILVER-PERP	−0.0008%	1h	66.483	−0.086%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.177%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	0.000%	$154.6M	$161.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.500	−0.060%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.520	−0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	−0.015%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.439	−0.151%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.502	−0.058%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.465	−0.113%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.210%	$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	66.480	−0.090%	$800K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.924	+0.577%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.191%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.456	−0.126%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.450	−0.135%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.440	−0.150%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.530	−0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERPshort	+0.0061%	24h	66.438	−0.153%	$574K	$23.1M	8.1x
Bybit XAGUSDT	+0.0069%	4h	66.540	0.000%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.538	−0.002%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.480	−0.090%	$166.0M	$79.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.489	−0.077%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	−0.060%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	−0.075%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.045%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0115%	4h	66.519	−0.031%	$2.8M	$971K	100x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	66.519	−0.031%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	−0.053%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.507	−0.050%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0148%	4h	66.530	−0.015%	$108.3M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0149%	4h	66.520	−0.030%	$193.0M	$707.6M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	+0.043%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0168%	1h	66.532	−0.013%	$5.4M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	−0.030%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.530	−0.015%	$28.1M	$66.0M	50x	as long as short
Bitget XAGUSDTlong	+0.0222%	4h	66.540	long leg	$24.4M	$45.8M	100x
Aftermath Perps XAGUSD	+0.0223%	1h	66.470	−0.106%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.465	−0.113%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.591	+0.076%	$395K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.430	−0.166%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.500	−0.060%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.485	−0.083%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.466	−0.111%	$766K	$491K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.520	−0.030%	$50K	$325K	20x	as long as short