Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h 0.000%

Price spread now: Kalshi against dYdX+0.063%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 6 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 +$3 a day on $10k at the current rate, and Kalshi is 0.063% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XAG-USD	65.154	0	get 0.0000% / 1h	17m 01s	$12K	$6K	5x
Short	Kalshi KXSILVERPERP	65.195	0.0087	get 0.0262% / 24h	5h 17m	$513K	$35.3M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against dYdX. 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 dYdXbpFee KalshibpOrdersPrice spread, now +0.063%Rate

Funding earned: $18.35
Price spread: +0.063% → 0.000%: $6.29
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $4.64
Costs to cover: 0.200%
Break-even: 5.2 days

Slippage unknown: dYdX: no order-book sample; Kalshi: live order book, 2 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 dYdX no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 2 min ago	0.08 bp	5.2 bp −$5	5.7 bp −$57	9.9 bp −$991	doesn't fit

dYdX: 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-USDlong	0.0000%	1h	65.154	long leg	$12K	$6K	5x
SunX XAG-USDT	0.0000%	4h	65.230	+0.117%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.240	+0.132%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.230	+0.117%	$1.5M	$262K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.174	+0.031%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0022%	4h	65.260	+0.163%	$138.2M	$189.1M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.225	+0.108%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.152	−0.003%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.847%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.080	−0.114%	$783K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.617	+0.711%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.210	+0.086%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.183	+0.045%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.156	+0.003%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.130	−0.037%	$5.6M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0065%	4h	65.026	−0.197%	$5.4M	$9.2M	—	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	65.207	+0.081%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.090	−0.098%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERPshort	+0.0087%	24h	65.195	+0.063%	$513K	$35.3M	8.1x
Pacifica XAG	+0.0100%	1h	65.166	+0.018%	$463K	$587K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.220	+0.101%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.920	−0.359%	$111K	$19K	50x	as long as short
edgeX XAGUSDC	+0.0103%	4h	65.057	−0.148%	$663K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0104%	4h	65.230	+0.117%	$112.6M	$160.8M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.223	+0.105%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0108%	4h	65.240	+0.132%	$198.9M	$794.1M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	65.136	−0.028%	$56K	$31K	25x	as long as short
Aster XAGUSDT	+0.0126%	4h	65.256	+0.157%	$2.7M	$1.1M	100x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	65.171	+0.026%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	65.206	+0.080%	$173.7M	$89.3M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.240	+0.132%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.179	+0.038%	$1.2M	$4.2M	10x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	64.944	−0.322%	$78K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.240	+0.132%	$29.1M	$76.7M	50x	as long as short
Bitget XAGUSDT	+0.0224%	4h	65.240	+0.132%	$23.0M	$48.1M	100x	as long as short
Lighter XAG	+0.0232%	1h	65.223	+0.105%	$5.2M	$11.3M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.245	+0.140%	$93K	—	111x	as long as short
Bullet SILVER-USD	+0.0311%	1h	65.224	+0.107%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0348%	4h	65.200	+0.071%	$2.8M	$701K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0364%	1h	65.200	+0.071%	$77K	$436K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	65.063	−0.139%	$20K	$12K	10x	as long as short
Bybit XAGUSDT	+0.0382%	4h	65.260	+0.163%	$30.5M	$43.9M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0406%	4h	65.100	−0.083%	$388K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.210	+0.085%	$1.0M	$892K	25x	as long as short