Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.036%

Price spread now: edgeX against Kalshi+0.124%79s7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as 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−$270.273% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.124%, 7d avg +0.085%

Together, before fees+0.021%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.039% dearer against Kalshi than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.085%. The two prices were read 79 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	65.598	0.0100	pay 0.0299% / 24h	3h 46m	$718K	$38.7M	8.1x
Short	edgeX XAGUSDC	65.679	0.0118	get 0.0059% / 4h	1h 46m	$669K	$314K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.124%Rate

Funding earned: $3.88
Price spread: +0.124% → +0.085%: $3.85
Slippage, 4 orders: −$8.3
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$19.57
Costs to cover: 0.273%
Break-even: 42.3 days

Slippage from Kalshi: live order book, 1 min ago; edgeX: live order book, 65 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, 1 min ago	0.76 bp	7.3 bp −$7	7.7 bp −$77	11.4 bp −$1,138	doesn't fit
Sell edgeX live order book, 65 min ago	2.30 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.4 bp −$10.7K

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	−3.2000%	1h	65.532	−0.101%	$36K	$23K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.598	0.000%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.580	−0.027%	$138.2M	$204.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.590	−0.012%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.630	+0.049%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.610	+0.018%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.605	+0.011%	$119K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0004%	1h	65.530	−0.104%	$5.7M	$11.0M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.565	−0.051%	$4.6M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.497	−0.154%	$5.1M	$11.8M	10x	as long as short

Show 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	−1.518%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.640	+0.064%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.047	+0.684%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.577	−0.032%	$3.8M	$893K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.526	−0.110%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.600	+0.003%	$446K	$1.4M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.560	−0.058%	$77K	$414K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.608	+0.015%	$29K	$166	5x	as long as short
tradeXYZ xyz:SILVER	+0.0057%	1h	65.533	−0.099%	$174.3M	$94.1M	25x	as long as short
Variational Omni XAG	+0.0086%	4h	65.668	+0.107%	$5.7M	$9.1M	—	as long as short
Kalshi KXSILVERPERPlong	+0.0100%	24h	65.598	long leg	$718K	$38.7M	8.1x
Pacifica XAG	+0.0100%	1h	65.571	−0.041%	$467K	$567K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.530	−0.104%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.630	+0.049%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	+0.140%	$1.6M	$1.9M	20x	as long as short
Aster XAGUSDT	+0.0107%	4h	65.569	−0.044%	$2.7M	$1.1M	100x	as long as short
Binance XAGUSDT	+0.0109%	4h	65.550	−0.073%	$191.1M	$864.2M	100x	as long as short
MEXC SILVER_USDT	+0.0110%	4h	65.540	−0.088%	$121.6M	$163.2M	1000x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.577	−0.032%	$47K	—	10x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.620	+0.034%	$1.2M	$4.9M	20x	as long as short
edgeX XAGUSDCshort	+0.0118%	4h	65.679	+0.124%	$669K	$314K	30x
Bybit XAGUSDT	+0.0120%	4h	65.570	−0.043%	$30.6M	$48.2M	150x	as long as short
Phoenix SILVER	+0.0122%	1h	65.626	+0.043%	$55K	$14K	25x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.670	+0.110%	$396K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0140%	1h	65.575	−0.036%	$1.2M	$3.6M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.580	−0.027%	$5.1M	$11.6M	25x	as long as short
Bullet SILVER-USD	+0.0208%	1h	65.617	+0.029%	$44K	$73K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0212%	8h	65.560	−0.058%	$27.9M	$85.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	65.614	+0.024%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0242%	4h	65.560	−0.058%	$23.1M	$52.8M	100x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	65.607	+0.014%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0270% / S −0.0238%	1h	65.585	−0.020%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0350%	4h	65.680	+0.125%	$2.7M	$772K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0548%	1h	65.563	−0.054%	$1.0M	$943K	25x	as long as short