Funding you earn now, next payment 08:00 UTC−0.0262%/8h= −28.7% APRpaid last 24h −0.036%
Price spread now: Kalshi against BloFin−0.058%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.058%, 7d avg −0.109%
=The price spread pays, funding is against you. Kalshi is 0.051% dearer against BloFin than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.109%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +0.131%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.131% in total (about 6.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XAG-USDT | 65.520 | 0.0339 | pay 0.0169% / 4h | 1h 52m | $2.6M | $618K | 100x |
| Short | Kalshi KXSILVERPERP | 65.482 | 0.0077 | get 0.0230% / 24h | 7h 52m | $468K | $29.2M | 8.1x |
BloFin XAG-USDT
Kalshi KXSILVERPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against BloFin. 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
- −$54.99
- Price spread: −0.058% → −0.109%
- $5.15
- Slippage, 4 orders
- −$3.38
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$75.23
- Costs to cover
- 0.254%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Kalshi: live order book, 1 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 BloFin live order book, 5 min ago | 0.76 bp | 6.8 bp −$7 | 6.8 bp −$68 | 10.8 bp −$1,078 | 18.3 bp −$9,133 |
| Sell Kalshi live order book, 1 min ago | 0.69 bp | 5.8 bp −$6 | 7.4 bp −$74 | 11.8 bp −$1,177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0112% | 1h | 65.457 | −0.095% | $20K | $19K | 10x | as long as short |
| Hotstuff SILVER-PERP | −0.0104% | 1h | 65.474 | −0.070% | $35K | $21K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0024% | 1h | 65.400 | −0.183% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.471 | −0.075% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.510 | −0.015% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.550 | +0.046% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.510 | −0.015% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.436 | −0.128% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0030% | 4h | 65.500 | −0.031% | $143.8M | $176.9M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.475 | −0.068% | $4.7M | $9.5M | 25x | as long as short |
Hibachi XAG/USDT-P
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.429 | −0.138% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.343% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.480 | −0.061% | $788K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.919 | +0.609% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.510 | −0.015% | $152K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.453 | −0.102% | $170.6M | $82.9M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.463 | −0.087% | $3.9M | $712K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.437 | −0.127% | $3K | $6K | 20x | as long as short |
| Aster XAGUSDT | +0.0056% | 4h | 65.493 | −0.041% | $2.7M | $955K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0060% | 8h | 65.493 | −0.041% | $29K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.526 | +0.008% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.561 | +0.063% | $56K | $31K | 25x | as long as short |
| Bybit XAGUSDT | +0.0063% | 4h | 65.500 | −0.031% | $28.7M | $39.4M | 150x | as long as short |
| Kalshi KXSILVERPERPshort | +0.0077% | 24h | 65.482 | −0.058% | $468K | $29.2M | 8.1x | |
| Lighter XAG | +0.0096% | 1h | 65.487 | −0.050% | $5.4M | $11.2M | 25x | as long as short |
| Variational Omni XAG | +0.0096% | 4h | 65.634 | +0.173% | $5.5M | $9.4M | — | as long as short |
| MEXC SILVER_USDT | +0.0098% | 4h | 65.480 | −0.061% | $113.7M | $156.3M | 1000x | as long as short |
| Binance XAGUSDT | +0.0099% | 4h | 65.480 | −0.061% | $188.4M | $748.2M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.450 | −0.107% | $468K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.460 | −0.092% | $24.6M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.610 | +0.137% | $112K | $19K | 50x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 65.487 | −0.050% | $47K | — | 10x | as long as short |
| Nado XAG-PERP | +0.0119% | 1h | 65.457 | −0.096% | $1.2M | $5.5M | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.450 | −0.107% | $1.6M | $1.3M | 20x | as long as short |
| edgeX XAGUSDC | +0.0120% | 4h | 65.615 | +0.146% | $668K | $312K | 30x | as long as short |
| GRVT XAG_USDT_Perp | +0.0142% | 4h | 65.554 | +0.052% | $395K | $1.6M | 25x | as long as short |
| Bullet SILVER-USD | +0.0173% | 1h | 65.503 | −0.026% | $44K | $76K | 10x | as long as short |
| Bitget XAGUSDT | +0.0196% | 4h | 65.490 | −0.046% | $23.8M | $46.4M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0201% | 8h | 65.480 | −0.061% | $27.8M | $70.6M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0208% | 1h | 65.480 | −0.061% | $66K | $370K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0212% | 1h | 65.532 | +0.018% | $79K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0321% / S −0.0301% | 1h | 65.505 | −0.023% | $93K | — | 111x | as long as short |
| BloFin XAG-USDTlong | +0.0339% | 4h | 65.520 | long leg | $2.6M | $618K | 100x | |
| Kraken Futures PF_XAGUSD | +0.0492% | 1h | 65.472 | −0.073% | $917K | $739K | 25x | as long as short |
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Aster XAGUSDT
Paradex XAG-USD-PERP
RISEx XAG/USDC
Phoenix SILVER
Bybit XAGUSDT
Lighter XAG
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aevo XAG-PERP
Nado XAG-PERP
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD