Funding you earn now, next payment 12:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.034%
Price spread now: Binance against Kalshi+0.051%51s7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now +0.051%, 7d avg +0.111%
=Funding pays, the price is against you. Binance is 0.061% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.111%). If the spread goes back, that is −$6 on $10k: about 19 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.062% in total) that is about 6.9 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXSILVERPERP | 65.665 | 0.0100 | pay 0.0299% / 24h | 3h 48m | $720K | $38.7M | 8.1x |
| Short | Binance XAGUSDT | 65.698 | 0.0110 | get 0.0055% / 4h | 1h 48m | $191.5M | $862.9M | 100x |
Kalshi KXSILVERPERP
Binance XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.23
- Price spread: +0.051% → +0.111%
- −$6.08
- Slippage, 4 orders
- −$6.1
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$29.95
- Costs to cover
- 0.261%
- Break-even
- 101.2 days
Slippage from Kalshi: live order book, 4 min ago; Binance: 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 Kalshi live order book, 4 min ago | 0.53 bp | 7.1 bp −$7 | 7.4 bp −$74 | 10.8 bp −$1,079 | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.76 bp | 5.8 bp −$6 | 5.8 bp −$58 | 8.5 bp −$853 | 23.6 bp −$11.8K |
XAG on 44 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −1.5176% | 1h | 65.532 | −0.203% | $36K | $23K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0006% | 1h | 65.580 | −0.129% | $5.7M | $11.0M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.598 | −0.102% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.720 | +0.084% | $138.5M | $204.4M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.710 | +0.069% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.710 | +0.069% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.700 | +0.053% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.658 | −0.011% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.685 | +0.030% | $4.6M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.637 | −0.043% | $5.1M | $11.8M | 10x | as long as short |
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.619% | $11K | $240 | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.680 | +0.023% | $790K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.116 | +0.687% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.651 | −0.021% | $3.8M | $893K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.634 | −0.047% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.660 | −0.008% | $447K | $1.4M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 65.661 | −0.006% | $29K | $166 | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0057% | 1h | 65.669 | +0.006% | $174.6M | $94.0M | 25x | as long as short |
| Variational Omni XAG | +0.0086% | 4h | 65.668 | +0.005% | $5.7M | $9.1M | — | as long as short |
| Kalshi KXSILVERPERPlong | +0.0100% | 24h | 65.665 | long leg | $720K | $38.7M | 8.1x | |
| Pacifica XAG | +0.0100% | 1h | 65.633 | −0.049% | $467K | $567K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.660 | −0.008% | $25.4M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.630 | −0.053% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.690 | +0.038% | $1.6M | $1.9M | 20x | as long as short |
| Aster XAGUSDT | +0.0109% | 4h | 65.670 | +0.008% | $2.7M | $1.1M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0110% | 4h | 65.690 | +0.038% | $122.2M | $162.9M | 1000x | as long as short |
| Binance XAGUSDTshort | +0.0110% | 4h | 65.698 | +0.051% | $191.5M | $862.9M | 100x | |
| Aevo XAG-PERP | +0.0112% | 1h | 65.683 | +0.028% | $47K | — | 10x | as long as short |
| RISEx XAG/USDC | +0.0116% | 1h | 65.680 | +0.023% | $1.2M | $4.9M | 20x | as long as short |
| edgeX XAGUSDC | +0.0118% | 4h | 65.679 | +0.022% | $669K | $314K | 30x | as long as short |
| Phoenix SILVER | +0.0122% | 1h | 65.676 | +0.017% | $55K | $14K | 25x | as long as short |
| Bybit XAGUSDT | +0.0126% | 4h | 65.710 | +0.069% | $30.6M | $48.2M | 150x | as long as short |
| Lighter XAG | +0.0136% | 1h | 65.687 | +0.034% | $5.1M | $11.6M | 25x | as long as short |
| GRVT XAG_USDT_Perp | +0.0140% | 4h | 65.730 | +0.098% | $396K | $1.5M | 25x | as long as short |
| Nado XAG-PERP | +0.0142% | 1h | 65.641 | −0.036% | $1.2M | $3.6M | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0207% | 1h | 65.680 | +0.023% | $77K | $414K | 20x | as long as short |
| Bullet SILVER-USD | +0.0209% | 1h | 65.700 | +0.053% | $45K | $73K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0213% | 8h | 65.700 | +0.053% | $28.0M | $85.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0218% | 1h | 65.668 | +0.004% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0244% | 4h | 65.710 | +0.069% | $23.2M | $52.8M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 65.608 | −0.086% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0269% / S −0.0236% | 1h | 65.745 | +0.122% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0352% | 4h | 65.680 | +0.023% | $2.7M | $771K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0547% | 1h | 65.668 | +0.004% | $1.0M | $943K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Variational Omni XAG
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
Aster XAGUSDT
MEXC SILVER_USDT
Aevo XAG-PERP
RISEx XAG/USDC
edgeX XAGUSDC
Phoenix SILVER
Bybit XAGUSDT
Lighter XAG
GRVT XAG_USDT_Perp
Nado XAG-PERP
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD