Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.032%

Price spread now: Kalshi against edgeX−0.034%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on edgeX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.034%, 7d avg −0.093%

Together, before fees−0.121%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.059% dearer against edgeX than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.093%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.443	0.0110	pay 0.0055% / 4h	41m 07s	$674K	$316K	30x
Short	Kalshi KXSILVERPERP	66.420	0.0059	get 0.0177% / 24h	14h 41m	$590K	$21.2M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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 edgeXbpFee KalshibpOrdersPrice spread, now −0.034%Rate

Funding earned: −$10.67
Price spread: −0.034% → −0.093%: $5.91
Slippage, 4 orders: −$8.6
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$32.36
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from edgeX: live order book, 38 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 edgeX live order book, 38 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	20.9 bp −$10.5K
Sell Kalshi live order book, 3 min ago	0.75 bp	7.6 bp −$8	8.0 bp −$80	11.6 bp −$1,164	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	66.370	−0.110%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.470	+0.041%	$25.7M	$33.5M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.460	+0.026%	$147.4M	$170.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.480	+0.056%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.500	+0.086%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.490	+0.071%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.392	−0.077%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.432	−0.016%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.447	+0.007%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.398	−0.068%	$5.5M	$12.3M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.064%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.418	−0.037%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.400	−0.064%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.902	+0.691%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.434	−0.013%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.402	−0.061%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.140%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERPshort	+0.0059%	24h	66.420	−0.034%	$590K	$21.2M	8.1x
QFEX SILVER-USD	+0.0061%	1h	66.460	+0.026%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.429	−0.021%	$165.6M	$87.6M	25x	as long as short
BloFin XAG-USDT	+0.0082%	4h	66.460	+0.026%	$2.6M	$650K	100x	as long as short
Variational Omni XAG	+0.0088%	4h	66.467	+0.036%	$5.6M	$10.3M	—	as long as short
Aster XAGUSDT	+0.0092%	4h	66.461	+0.027%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.399	−0.066%	$475K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.420	−0.034%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.370	−0.110%	$126K	$26K	50x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.460	+0.026%	$114.4M	$152.9M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0102%	8h	66.437	−0.009%	$30K	$1K	5x	as long as short
Binance XAGUSDT	+0.0102%	4h	66.467	+0.036%	$191.9M	$721.6M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.460	+0.026%	$48K	—	10x	as long as short
edgeX XAGUSDClong	+0.0110%	4h	66.443	long leg	$674K	$316K	30x
Lighter XAG	+0.0112%	1h	66.445	+0.003%	$5.2M	$10.3M	25x	as long as short
Bitget XAGUSDT	+0.0120%	4h	66.470	+0.041%	$24.2M	$47.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0148%	1h	66.436	−0.010%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0156%	4h	66.486	+0.064%	$399K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.460	+0.026%	$1.9M	$848K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.460	+0.026%	$27.6M	$66.2M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.461	+0.028%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0244%	1h	66.470	+0.040%	$46K	$75K	10x	as long as short
Nado XAG-PERP	+0.0251%	1h	66.409	−0.051%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.465	+0.033%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.415	−0.041%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.450	+0.011%	$51K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.437	−0.009%	$768K	$566K	25x	as long as short