Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.015%

Price spread now: Kalshi against Hotstuff−0.009%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	65.965	0.0064	pay 0.0008% / 1h	47m 45s	$35K	$21K	20x
Short	Kalshi KXSILVERPERP	65.959	0.0072	get 0.0217% / 24h	9h 47m	$535K	$25.9M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Hotstuff. 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 HotstuffbpFee KalshibpOrdersPrice spread, now −0.009%Rate

Funding earned: $1.73
Price spread: −0.009% → 0.000%: −$0.91
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$14.18
Costs to cover: 0.150%
Break-even: 64.3 days

Slippage unknown: Hotstuff: no order-book sample; Kalshi: live order book, 1 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 1 min ago	0.68 bp	6.2 bp −$6	6.3 bp −$63	10.2 bp −$1,022	doesn't fit

Hotstuff: 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
Ondo Perps XAG-USD.P	−0.0042%	1h	65.900	−0.099%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.047%	$14K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.020	+0.083%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.060	+0.144%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.099%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.972	+0.011%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.008	+0.065%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.969	+0.006%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.659%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.990	+0.038%	$794K	$3.1M	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	66.445	+0.728%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.983	+0.027%	$166.0M	$73.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.990	+0.038%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.957	−0.012%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.000	+0.053%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERPlong	+0.0064%	1h	65.965	long leg	$35K	$21K	20x
Kalshi KXSILVERPERPshort	+0.0072%	24h	65.959	−0.009%	$535K	$25.9M	8.1x
Phoenix SILVER	+0.0073%	1h	65.942	−0.035%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.015	+0.075%	$1.3M	$4.9M	20x	as long as short
Gate XAG_USDT	+0.0098%	4h	66.040	+0.114%	$149.7M	$163.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.964	−0.002%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.990	+0.038%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.950	−0.023%	$113K	$30K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0108%	4h	65.990	+0.038%	$393K	$1.5M	25x	as long as short
Lighter XAG	+0.0120%	1h	66.016	+0.077%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0129%	8h	66.019	+0.082%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0137%	4h	66.050	+0.129%	$27.3M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.010	+0.068%	$2.7M	$862K	100x	as long as short
Nado XAG-PERP	+0.0165%	1h	65.974	+0.014%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.016	+0.077%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	65.993	+0.043%	$5.6M	$9.4M	—	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.000	+0.053%	$75K	$363K	20x	as long as short
Binance XAGUSDT	+0.0207%	4h	66.023	+0.088%	$191.0M	$703.0M	100x	as long as short
MEXC SILVER_USDT	+0.0208%	4h	66.020	+0.083%	$113.0M	$151.7M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.023%	$1.8M	$1.0M	20x	as long as short
BloFin XAG-USDT	+0.0217%	4h	66.010	+0.068%	$2.6M	$556K	100x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.975	+0.016%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0218%	4h	65.953	−0.019%	$669K	$311K	30x	as long as short
Bullet SILVER-USD	+0.0234%	1h	66.039	+0.112%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.030	+0.099%	$27.6M	$64.8M	50x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.020	+0.083%	$23.9M	$45.4M	100x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	65.960	−0.008%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.035	+0.106%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.992	+0.041%	$911K	$683K	25x	as long as short