Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.025%

Price spread now: Aster against Kalshi+0.058%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Kalshi Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days+0.059%+$6 · spread now +0.058%, 7d avg +0.109%

Together, before fees+0.107%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.051% cheaper against Kalshi than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSILVERPERP	64.895	0.0086	pay 0.0259% / 24h	5h 21m	$488K	$35.1M	8.1x
Short	Aster XAGUSDT	64.933	0.0092	get 0.0046% / 4h	3h 21m	$2.6M	$1.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kalshi. 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 KalshibpFee AsterbpOrdersPrice spread, now +0.058%Rate

Funding earned: $1.2
Price spread: +0.058% → +0.109%: −$5.12
Slippage, 4 orders: −$5.13
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.05
Costs to cover: 0.231%
Break-even: 164.4 days

Slippage from Kalshi: live order book, 2 min ago; Aster: 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 Kalshi live order book, 2 min ago	0.85 bp	5.8 bp −$6	6.8 bp −$68	11.1 bp −$1,106	doesn't fit
Sell Aster live order book, 2 min ago	1.54 bp	5.5 bp −$6	7.3 bp −$73	12.6 bp −$1,256	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	64.859	−0.056%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.930	+0.054%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.980	+0.131%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.960	+0.100%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.861	−0.052%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0021%	4h	64.652	−0.374%	$5.4M	$9.1M	—	as long as short
Gate XAG_USDT	+0.0030%	4h	64.980	+0.131%	$139.0M	$187.5M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	64.935	+0.061%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.899	+0.007%	$5.0M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.451%	$11K	$240	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	64.770	−0.193%	$779K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.316	+0.649%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.910	+0.023%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.869	−0.040%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.838	−0.088%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.790	−0.162%	$5.6M	$10.0M	25x	as long as short
edgeX XAGUSDC	+0.0062%	4h	64.689	−0.317%	$659K	$313K	30x	as long as short
MEXC SILVER_USDT	+0.0070%	4h	64.970	+0.116%	$123.6M	$160.1M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0073%	8h	64.944	+0.075%	$29K	$166	5x	as long as short
Binance XAGUSDT	+0.0078%	4h	64.970	+0.116%	$198.1M	$787.6M	100x	as long as short
Aevo XAG-PERP	+0.0080%	1h	64.891	−0.007%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.840	−0.085%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERPlong	+0.0086%	24h	64.895	long leg	$488K	$35.1M	8.1x
Aster XAGUSDTshort	+0.0092%	4h	64.933	+0.058%	$2.6M	$1.0M	100x
Pacifica XAG	+0.0100%	1h	64.892	−0.005%	$463K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.900	+0.008%	$25.0M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.730	−0.254%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.615	−0.431%	$55K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	64.800	−0.146%	$34K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	64.924	+0.045%	$173.0M	$88.6M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.929	+0.052%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0164%	1h	64.899	+0.007%	$1.2M	$4.2M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	64.730	−0.254%	$385K	$1.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0206%	8h	64.980	+0.131%	$29.0M	$75.9M	50x	as long as short
Bitget XAGUSDT	+0.0212%	4h	64.980	+0.131%	$22.8M	$48.1M	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	64.772	−0.190%	$78K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.825	−0.108%	$92K	—	111x	as long as short
Lighter XAG	+0.0240%	1h	64.931	+0.055%	$5.2M	$11.3M	25x	as long as short
BloFin XAG-USDT	+0.0283%	4h	64.780	−0.177%	$2.7M	$695K	100x	as long as short
Bullet SILVER-USD	+0.0309%	1h	64.951	+0.086%	$45K	$75K	10x	as long as short
Bybit XAGUSDT	+0.0340%	4h	64.990	+0.146%	$30.2M	$43.7M	150x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	64.740	−0.239%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.920	+0.039%	$76K	$434K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	64.927	+0.050%	$1.0M	$894K	25x	as long as short