Funding you earn now, next payment 01:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.002%
Price spread now: gTrade (Gains Network) against Kalshi−0.034%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2842.841% of the position
Funding, last 3 days (all we have)+0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.034%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.029% cheaper against Kalshi than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXSILVERPERP | 66.769 | 0.0060 | pay 0.0179% / 24h | 13h 47m | $570K | $21.9M | 8.1x |
| Short | gTrade (Gains Network) XAG/USD | 66.746 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 47m 44s | $121K | — | 250x |
Kalshi KXSILVERPERP
gTrade (Gains Network) XAG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$11.31
- Price spread: −0.034% → −0.004%
- −$2.95
- Slippage, 4 orders
- −$264.07
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$298.33
- Costs to cover
- 2.841%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 56 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 | 0.30 bp | 7.0 bp −$7 | 7.5 bp −$75 | 12.1 bp −$1,208 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 56 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2012.7 bp −$1.01M |
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 | 66.797 | +0.043% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.800 | +0.046% | $26.1M | $35.3M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.800 | +0.046% | $155.6M | $166.0M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.820 | +0.076% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.820 | +0.076% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.800 | +0.046% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDshort | L +0.0004% / S −0.0006% | 1h | 66.746 | −0.034% | $121K | — | 250x | |
| Hotstuff SILVER-PERP | +0.0016% | 1h | 66.793 | +0.036% | $36K | $21K | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.784 | +0.022% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.738 | −0.046% | $5.4M | $13.2M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Hotstuff SILVER-PERP
Lighter RH XAG
Extended XAG-USDShow 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 | −0.553% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.760 | −0.013% | $803K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 67.263 | +0.740% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.759 | −0.015% | $57K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.746 | −0.034% | $166.2M | $86.1M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.778 | +0.013% | $3.9M | $700K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.742 | −0.040% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.730 | −0.058% | $5.7M | $9.8M | 25x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.810 | +0.061% | $115K | $2.8M | 20x | as long as short |
| Kalshi KXSILVERPERPlong | +0.0060% | 24h | 66.769 | long leg | $570K | $21.9M | 8.1x | |
| Lighter XAG | +0.0072% | 1h | 66.785 | +0.024% | $5.4M | $10.4M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0089% | 8h | 66.822 | +0.080% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0091% | 4h | 66.775 | +0.008% | $5.7M | $9.9M | — | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.771 | +0.003% | $476K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.770 | +0.001% | $24.7M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.750 | −0.028% | $127K | $26K | 50x | as long as short |
| Aster XAGUSDT | +0.0103% | 4h | 66.793 | +0.036% | $2.8M | $1.1M | 100x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.785 | +0.024% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0106% | 4h | 66.780 | +0.016% | $116.8M | $155.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0107% | 4h | 66.793 | +0.036% | $192.3M | $725.9M | 100x | as long as short |
| edgeX XAGUSDC | +0.0115% | 4h | 66.802 | +0.049% | $678K | $314K | 30x | as long as short |
| Nado XAG-PERP | +0.0130% | 1h | 66.786 | +0.025% | $1.3M | $6.5M | 10x | as long as short |
| RISEx XAG/USDC | +0.0148% | 1h | 66.830 | +0.091% | $1.3M | $4.2M | 20x | as long as short |
| Bitget XAGUSDT | +0.0164% | 4h | 66.790 | +0.031% | $24.8M | $48.7M | 100x | as long as short |
| BloFin XAG-USDT | +0.0164% | 4h | 66.830 | +0.091% | $2.6M | $692K | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0174% | 1h | 66.769 | +0.001% | $80K | $40K | 10x | as long as short |
| Bullet SILVER-USD | +0.0183% | 1h | 66.815 | +0.069% | $45K | $75K | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.780 | +0.016% | $1.9M | $967K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0189% | 8h | 66.780 | +0.016% | $28.2M | $67.4M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0199% | 1h | 66.780 | +0.016% | $51K | $344K | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 66.775 | +0.009% | $20K | $22K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0274% | 4h | 66.790 | +0.031% | $397K | $1.5M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.795 | +0.039% | $104K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0487% | 1h | 66.769 | 0.000% | $767K | $589K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Lighter XAG
Paradex XAG-USD-PERP
Variational Omni XAG
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
RISEx XAG/USDC
Bitget XAGUSDT
BloFin XAG-USDT
Aftermath Perps XAGUSD
Bullet SILVER-USD
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Hibachi XAG/USDT-P
GRVT XAG_USDT_Perp
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD