Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.019%

Price spread now: tradeXYZ against Kalshi+0.038%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Kalshi Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.038%, 7d avg +0.036%

Together, before fees+0.132%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSILVERPERP	66.492	0.0059	pay 0.0178% / 24h	12h 59m	$558K	$22.0M	8.1x
Short	tradeXYZ xyz:SILVER	66.517	0.0101	get 0.0013% / 1h	59m 40s	$165.9M	$85.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.038%Rate

Funding earned: $8.8
Price spread: +0.038% → +0.036%: $0.18
Slippage, 4 orders: −$5.46
Fee Kalshi: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$24.49
Costs to cover: 0.335%
Break-even: 26.5 days

Slippage from Kalshi: live order book, 4 min ago; tradeXYZ: live order book, 10 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, 4 min ago	0.90 bp	7.4 bp −$7	7.6 bp −$76	11.6 bp −$1,155	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.53 bp	10.0 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit

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	66.475	−0.025%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.510	+0.027%	$25.5M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	−0.018%	$154.9M	$159.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.540	+0.072%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	+0.102%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.087%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.467	−0.037%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.477	−0.023%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.433	−0.089%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.138%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.590	+0.147%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.972	+0.722%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	+0.023%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.499	+0.011%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.463	−0.044%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.380	−0.168%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.530	+0.057%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERPlong	+0.0059%	24h	66.492	long leg	$558K	$22.0M	8.1x
Hotstuff SILVER-PERP	+0.0072%	1h	66.514	+0.033%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.496	+0.006%	$1.2M	$4.2M	20x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.520	+0.042%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.484	−0.012%	$474K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	+0.012%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.057%	$127K	$24K	50x	as long as short
tradeXYZ xyz:SILVERshort	+0.0101%	1h	66.517	+0.038%	$165.9M	$85.0M	25x
Variational Omni XAG	+0.0108%	4h	66.543	+0.077%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.511	+0.029%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.519	+0.041%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.520	+0.042%	$108.8M	$155.7M	1000x	as long as short
BloFin XAG-USDT	+0.0122%	4h	66.590	+0.147%	$2.6M	$683K	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.091%	$675K	$315K	30x	as long as short
Binance XAGUSDT	+0.0124%	4h	66.521	+0.044%	$193.5M	$718.6M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.483	−0.014%	$5.3M	$10.3M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.490	−0.003%	$1.9M	$965K	20x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.502	+0.015%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.100%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	66.490	−0.003%	$28.0M	$66.6M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.490	−0.003%	$24.6M	$46.4M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.511	+0.028%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.543	+0.077%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.505	+0.019%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	+0.065%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	+0.042%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.502	+0.015%	$763K	$561K	25x	as long as short