Funding you earn now, next payment 11:00 UTC−3.2105%/8h= −3515.5% APRpaid last 24h −0.177%
Price spread now: Hotstuff against Kalshi−0.044%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$963 a day on $10k at the current rate, and Hotstuff is 0.044% cheaper against Kalshi than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXSILVERPERP | 65.777 | 0.0105 | pay 0.0316% / 24h | 3h 06m | $779K | $39.2M | 8.1x |
| Short | Hotstuff SILVER-PERP | 65.748 | −3.2000 | pay 0.4000% / 1h | 6m 45s | $39K | $26K | 20x |
Kalshi KXSILVERPERP
Hotstuff SILVER-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$6,742.12
- Price spread: −0.044% → 0.000%
- −$4.41
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$6,761.53
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 5 min ago; Hotstuff: no order-book sample. Net counts fees only.
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, 5 min ago | 0.53 bp | 7.7 bp −$8 | 7.9 bp −$79 | 11.2 bp −$1,124 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-PERPshort | −3.2000% | 1h | 65.748 | −0.044% | $39K | $26K | 20x | |
| dYdX XAG-USD | 0.0000% | 1h | 65.705 | −0.109% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.810 | +0.050% | $137.9M | $207.0M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.770 | −0.011% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.820 | +0.065% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.770 | −0.011% | $1.5M | $257K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.708 | −0.105% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.776 | −0.002% | $4.6M | $9.9M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.728 | −0.074% | $5.1M | $11.9M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.786% | $11K | $240 | 52x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 65.730 | −0.071% | $791K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.199 | +0.642% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.750 | −0.041% | $3.8M | $905K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.704 | −0.111% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 65.690 | −0.132% | $5.6M | $11.2M | 25x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.760 | −0.026% | $448K | $1.4M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0053% | 8h | 65.758 | −0.028% | $29K | — | 5x | as long as short |
| Bybit XAGUSDT | +0.0060% | 4h | 65.790 | +0.020% | $30.4M | $48.2M | 150x | as long as short |
| Variational Omni XAG | +0.0068% | 4h | 65.678 | −0.150% | $5.6M | $9.0M | — | as long as short |
| Aster XAGUSDT | +0.0084% | 4h | 65.786 | +0.014% | $2.7M | $1.2M | 100x | as long as short |
| tradeXYZ xyz:SILVER | +0.0088% | 1h | 65.753 | −0.036% | $175.8M | $92.5M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0088% | 4h | 65.790 | +0.020% | $116.5M | $166.8M | 1000x | as long as short |
| Binance XAGUSDT | +0.0089% | 4h | 65.770 | −0.011% | $191.1M | $863.8M | 100x | as long as short |
| Aevo XAG-PERP | +0.0096% | 1h | 65.754 | −0.035% | $47K | — | 10x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.721 | −0.085% | $465K | $523K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.750 | −0.041% | $25.4M | $4.4M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.720 | −0.087% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.620 | −0.239% | $1.6M | $1.9M | 20x | as long as short |
| Kalshi KXSILVERPERPlong | +0.0105% | 24h | 65.777 | long leg | $779K | $39.2M | 8.1x | |
| edgeX XAGUSDC | +0.0109% | 4h | 65.707 | −0.106% | $670K | $314K | 30x | as long as short |
| GRVT XAG_USDT_Perp | +0.0110% | 4h | 65.769 | −0.012% | $391K | $1.6M | 25x | as long as short |
| RISEx XAG/USDC | +0.0116% | 1h | 65.780 | +0.005% | $1.3M | $5.4M | 20x | as long as short |
| Nado XAG-PERP | +0.0119% | 1h | 65.743 | −0.052% | $1.2M | $3.4M | 10x | as long as short |
| Phoenix SILVER | +0.0122% | 1h | 65.666 | −0.169% | $55K | $14K | 25x | as long as short |
| Lighter XAG | +0.0144% | 1h | 65.765 | −0.018% | $5.3M | $12.1M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0188% | 8h | 65.780 | +0.005% | $28.1M | $86.1M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0206% | 1h | 65.750 | −0.041% | $77K | $412K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0223% | 1h | 65.705 | −0.109% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0226% | 4h | 65.790 | +0.020% | $23.2M | $53.0M | 100x | as long as short |
| Bullet SILVER-USD | +0.0230% | 1h | 65.772 | −0.007% | $45K | $73K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0232% | 1h | 65.680 | −0.147% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0279% / S −0.0250% | 1h | 65.805 | +0.043% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0330% | 4h | 65.770 | −0.011% | $2.7M | $783K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0546% | 1h | 65.743 | −0.052% | $1.0M | $947K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Paradex XAG-USD-PERP
Bybit XAGUSDT
Variational Omni XAG
Aster XAGUSDT
tradeXYZ xyz:SILVER
MEXC SILVER_USDT
Binance XAGUSDT
Aevo XAG-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
GRVT XAG_USDT_Perp
RISEx XAG/USDC
Nado XAG-PERP
Phoenix SILVER
Lighter XAG
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD