Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0030%/8h= +3.2% APRpaid last 24h −0.020%

Price spread now: Kalshi against Extended+0.039%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Extended Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.039%, 7d avg −0.043%

Together, before fees−0.210%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.083% dearer against Extended than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	66.336	0.0032	pay 0.0004% / 1h	16m 56s	$5.4M	$12.1M	10x
Short	Kalshi KXSILVERPERP	66.362	0.0062	get 0.0185% / 24h	12h 16m	$542K	$23.7M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Extended. 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 ExtendedbpFee KalshibpOrdersPrice spread, now +0.039%Rate

Funding earned: $6.22
Price spread: +0.039% → −0.043%: $8.29
Slippage, 4 orders: −$7.59
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$8.08
Costs to cover: 0.226%
Break-even: 16.1 days

Slippage from Extended: live order book, 2 min ago; Kalshi: live order book, 2 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 Extended live order book, 2 min ago	0.08 bp	5.9 bp −$6	7.9 bp −$79	13.2 bp −$1,322	doesn't fit
Sell Kalshi live order book, 2 min ago	0.08 bp	8.9 bp −$9	9.2 bp −$92	12.5 bp −$1,254	doesn't fit

XAG on 43 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	66.363	+0.041%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.420	+0.127%	$153.1M	$164.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	+0.142%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	+0.172%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	+0.157%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.357	+0.032%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.351	+0.023%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.392	+0.085%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	66.336	long leg	$5.4M	$12.1M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.097%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.430	+0.142%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.833	+0.749%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	+0.100%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.084%	$5.7M	$9.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.359	+0.035%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.339	+0.005%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.380	+0.067%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERPshort	+0.0062%	24h	66.362	+0.039%	$542K	$23.7M	8.1x
RISEx XAG/USDC	+0.0079%	1h	66.389	+0.080%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.380	+0.067%	$166.0M	$76.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.340	+0.006%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.370	+0.051%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	+0.067%	$126K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0128%	4h	66.430	+0.142%	$26.6M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0132%	4h	66.411	+0.113%	$2.8M	$939K	100x	as long as short
Paradex XAG-USD-PERP	+0.0135%	8h	66.392	+0.085%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0159%	4h	66.443	+0.161%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.407	+0.107%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.400	+0.097%	$102.8M	$158.5M	1000x	as long as short
Binance XAGUSDT	+0.0177%	4h	66.410	+0.112%	$192.4M	$706.9M	100x	as long as short
edgeX XAGUSDC	+0.0184%	4h	66.421	+0.129%	$674K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.112%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.398	+0.094%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0209%	8h	66.420	+0.127%	$28.0M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.343	+0.011%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0231%	1h	66.373	+0.055%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.363	+0.040%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.410	+0.112%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.172%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.428	+0.139%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.435	+0.149%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.390	+0.082%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.370	+0.051%	$765K	$478K	25x	as long as short