Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h +0.003%

Price spread now: Gate against Kalshi+0.102%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Kalshi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days+0.040%+$4 · spread now +0.102%, 7d avg +0.131%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate 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 +0.131%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSILVERPERP	66.352	0.0058	pay 0.0174% / 24h	15h 06m	$588K	$21.4M	8.1x
Short	Gate XAG_USDT	66.420	0	get 0.0000% / 4h	1h 06m	$146.6M	$173.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.102%Rate

Funding earned: −$12.2
Price spread: +0.102% → +0.131%: −$2.89
Slippage, 4 orders: −$5.7
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.79
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	0.15 bp	6.5 bp −$7	7.1 bp −$71	11.6 bp −$1,160	doesn't fit
Sell Gate live order book, 3 min ago	0.75 bp	8.3 bp −$8	9.6 bp −$96	12.8 bp −$1,277	15.0 bp −$7,496

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
Kraken Futures PF_XAGUSD	−0.0271%	1h	66.385	+0.049%	$768K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.297	−0.083%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.430	+0.118%	$25.7M	$33.5M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.403	+0.077%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.420	+0.102%	$146.6M	$173.9M	100x
SunX XAG-USDT	0.0000%	4h	66.420	+0.102%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.420	+0.102%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.410	+0.087%	$1.5M	$249K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.356	+0.007%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.390	+0.057%	$124K	$2.8M	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	66.408	+0.084%	$4.8M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.356	+0.005%	$5.5M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.072%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.330	−0.033%	$794K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.841	+0.737%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.374	+0.033%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.355	+0.005%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.300	−0.078%	$5.7M	$10.0M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.382	+0.045%	$165.4M	$88.2M	25x	as long as short
Kalshi KXSILVERPERPlong	+0.0058%	24h	66.352	long leg	$588K	$21.4M	8.1x
Hotstuff SILVER-PERP	+0.0064%	1h	66.349	−0.005%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	+0.0072%	4h	66.340	−0.018%	$2.5M	$848K	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.292	−0.090%	$56K	$26K	25x	as long as short
Variational Omni XAG	+0.0073%	4h	66.326	−0.039%	$5.5M	$10.5M	—	as long as short
Aster XAGUSDT	+0.0079%	4h	66.410	+0.087%	$2.8M	$1.0M	100x	as long as short
Bitget XAGUSDT	+0.0082%	4h	66.440	+0.133%	$24.1M	$48.0M	100x	as long as short
MEXC SILVER_USDT	+0.0092%	4h	66.420	+0.102%	$123.9M	$182.7M	1000x	as long as short
Binance XAGUSDT	+0.0094%	4h	66.430	+0.118%	$191.0M	$729.4M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	66.409	+0.087%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.345	−0.011%	$475K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.390	+0.057%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.310	−0.063%	$113K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.380	+0.042%	$1.9M	$864K	20x	as long as short
edgeX XAGUSDC	+0.0105%	4h	66.317	−0.053%	$673K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0117%	8h	66.382	+0.045%	$30K	$1K	5x	as long as short
Aftermath Perps XAGUSD	+0.0132%	1h	66.309	−0.065%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	66.378	+0.040%	$402K	$1.4M	25x	as long as short
Lighter XAG	+0.0136%	1h	66.412	+0.090%	$5.2M	$11.0M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0181%	8h	66.420	+0.102%	$27.4M	$66.6M	50x	as long as short
Hibachi XAG/USDT-P	+0.0200%	1h	66.330	−0.033%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0218%	1h	66.355	+0.005%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0269%	1h	66.423	+0.107%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0303% / S −0.0300%	1h	66.425	+0.110%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.410	+0.087%	$51K	$359K	20x	as long as short