Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.036%

Price spread now: BloFin against Kalshi+0.094%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

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

costs, in and out, $10k−$270.269% of the position

Long on Kalshi Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.094%, 7d avg +0.110%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.110%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.131%, 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	Kalshi KXSILVERPERP	66.018	0.0073	pay 0.0220% / 24h	9h 17m	$557K	$26.4M	8.1x
Short	BloFin XAG-USDT	66.080	0.0207	get 0.0104% / 4h	3h 17m	$2.6M	$563K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.094%Rate

Funding earned: $28.11
Price spread: +0.094% → +0.110%: −$1.6
Slippage, 4 orders: −$4.86
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$0.35
Costs to cover: 0.269%
Break-even: 7.1 days

Slippage from Kalshi: live order book, 2 min ago; BloFin: live order book, 6 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	0.53 bp	6.3 bp −$6	6.5 bp −$65	10.2 bp −$1,018	doesn't fit
Sell BloFin live order book, 6 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	8.3 bp −$831	12.4 bp −$6,208

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	−0.0062%	1h	65.950	−0.103%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.045%	$14K	$66	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.029	+0.017%	$35K	$21K	20x	as long as short
SunX XAG-USDT	0.0000%	4h	66.090	+0.109%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.094%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.079%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.998	−0.030%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0016%	4h	66.070	+0.079%	$149.8M	$164.0M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.058	+0.060%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.999	−0.029%	$5.2M	$11.5M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.579%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.060	+0.064%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.482	+0.703%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.025	+0.011%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.001	−0.026%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	66.021	+0.005%	$166.3M	$74.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.045	+0.040%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	+0.048%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.035%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERPlong	+0.0073%	24h	66.018	long leg	$557K	$26.4M	8.1x
RISEx XAG/USDC	+0.0080%	1h	66.072	+0.081%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.007	−0.017%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	+0.003%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	+0.064%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.061	+0.065%	$5.2M	$10.8M	25x	as long as short
Bybit XAGUSDT	+0.0123%	4h	66.080	+0.094%	$27.8M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.064	+0.070%	$2.7M	$866K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.053	+0.053%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0171%	4h	66.073	+0.084%	$5.7M	$9.5M	—	as long as short
Nado XAG-PERP	+0.0172%	1h	66.019	+0.002%	$1.4M	$5.8M	10x	as long as short
Binance XAGUSDT	+0.0178%	4h	66.070	+0.079%	$190.9M	$702.9M	100x	as long as short
MEXC SILVER_USDT	+0.0178%	4h	66.060	+0.064%	$115.0M	$152.7M	1000x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.085	+0.101%	$395K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0187%	4h	66.071	+0.080%	$670K	$311K	30x	as long as short
Aftermath Perps XAGUSD	+0.0188%	1h	66.046	+0.043%	$79K	$36K	10x	as long as short
BloFin XAG-USDTshort	+0.0207%	4h	66.080	+0.094%	$2.6M	$563K	100x
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	+0.018%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.070	+0.079%	$27.7M	$64.5M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.070	+0.079%	$23.9M	$45.2M	100x	as long as short
Bullet SILVER-USD	+0.0227%	1h	66.067	+0.074%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.008	−0.015%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.060	+0.064%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.065	+0.071%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.032	+0.022%	$911K	$683K	25x	as long as short