Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.003%

Price spread now: Kalshi against Gate−0.087%7-day average −0.131% · 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−$26as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Gate Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days−0.055%−$5 · spread now −0.087%, 7d avg −0.131%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.044% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.131%. Mind the row above: over the last 7 days funding on this pair cost −0.051%, 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	Gate XAG_USDT	66.430	0	get 0.0000% / 4h	1h 04m	$146.5M	$174.0M	100x
Short	Kalshi KXSILVERPERP	66.372	0.0058	get 0.0174% / 24h	15h 04m	$588K	$21.4M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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 GatebpFee KalshibpOrdersPrice spread, now −0.087%Rate

Funding earned: $12.21
Price spread: −0.087% → −0.131%: $4.41
Slippage, 4 orders: −$5.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$14.07
Costs to cover: 0.307%
Break-even: 15.1 days

Slippage from Gate: live order book, 4 min ago; Kalshi: live order book, 4 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 Gate live order book, 4 min ago	0.75 bp	8.3 bp −$8	9.4 bp −$94	10.9 bp −$1,092	13.3 bp −$6,638
Sell Kalshi live order book, 4 min ago	0.15 bp	7.7 bp −$8	8.1 bp −$81	11.5 bp −$1,147	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
Kraken Futures PF_XAGUSD	−0.0271%	1h	66.380	−0.075%	$768K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.359	−0.108%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.450	+0.030%	$25.7M	$33.5M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.422	−0.012%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.430	long leg	$146.5M	$174.0M	100x
SunX XAG-USDT	0.0000%	4h	66.430	0.000%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.410	−0.030%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.400	−0.045%	$1.5M	$249K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.353	−0.116%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.400	−0.045%	$124K	$2.8M	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	66.422	−0.012%	$4.8M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.366	−0.096%	$5.5M	$12.3M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.374	−0.084%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.045%	$11K	$94K	52x	as long as short
BloFin XAG-USDT	+0.0040%	4h	66.380	−0.075%	$2.6M	$848K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	66.330	−0.151%	$794K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.853	+0.637%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.384	−0.069%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.354	−0.114%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.320	−0.166%	$5.7M	$10.0M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.405	−0.038%	$165.4M	$88.2M	25x	as long as short
Kalshi KXSILVERPERPshort	+0.0058%	24h	66.372	−0.087%	$588K	$21.4M	8.1x
Phoenix SILVER	+0.0073%	1h	66.345	−0.128%	$56K	$26K	25x	as long as short
Aster XAGUSDT	+0.0079%	4h	66.430	0.000%	$2.8M	$1.0M	100x	as long as short
Variational Omni XAG	+0.0080%	4h	66.386	−0.066%	$5.5M	$10.5M	—	as long as short
Bitget XAGUSDT	+0.0084%	4h	66.440	+0.015%	$24.2M	$48.0M	100x	as long as short
MEXC SILVER_USDT	+0.0094%	4h	66.420	−0.015%	$123.9M	$182.7M	1000x	as long as short
Binance XAGUSDT	+0.0094%	4h	66.444	+0.021%	$191.0M	$729.4M	100x	as long as short
edgeX XAGUSDC	+0.0098%	4h	66.377	−0.080%	$673K	$315K	30x	as long as short
Pacifica XAG	+0.0100%	1h	66.381	−0.074%	$475K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.380	−0.075%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	−0.151%	$113K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.407	−0.035%	$48K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.380	−0.075%	$1.9M	$864K	20x	as long as short
Paradex XAG-USD-PERP	+0.0115%	8h	66.413	−0.026%	$30K	$1K	5x	as long as short
Aftermath Perps XAGUSD	+0.0131%	1h	66.309	−0.183%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	66.378	−0.078%	$402K	$1.4M	25x	as long as short
Lighter XAG	+0.0136%	1h	66.429	−0.002%	$5.2M	$11.0M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0181%	8h	66.440	+0.015%	$27.5M	$66.7M	50x	as long as short
Hibachi XAG/USDT-P	+0.0200%	1h	66.330	−0.151%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0218%	1h	66.367	−0.095%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.415	−0.023%	$103K	—	111x	as long as short
Bullet SILVER-USD	+0.0269%	1h	66.415	−0.022%	$46K	$75K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.410	−0.030%	$51K	$359K	20x	as long as short