Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h −0.030%

Price spread now: Kalshi against KuCoin+0.110%49s7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as 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−$290.291% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 7 days−0.181%−$18 · spread now +0.110%, 7d avg −0.041%

Together, before fees−0.311%−$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.151% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 49 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	KuCoin XAGUSDTM	65.570	0.0100	pay 0.0050% / 4h	56m 25s	$25.3M	$4.3M	75x
Short	Kalshi KXSILVERPERP	65.642	0.0106	get 0.0319% / 24h	2h 56m	$793K	$38.8M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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 KuCoinbpFee KalshibpOrdersPrice spread, now +0.110%Rate

Funding earned: $1.36
Price spread: +0.110% → −0.041%: $15.11
Slippage, 4 orders: −$7.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$12.64
Costs to cover: 0.291%
Break-even: 71.9 days

Slippage from KuCoin: live order book, 6 min ago; Kalshi: live order book, 6 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 KuCoin live order book, 6 min ago	0.76 bp	8.6 bp −$9	16.8 bp −$168	doesn't fit	doesn't fit
Sell Kalshi live order book, 6 min ago	0.76 bp	6.5 bp −$6	6.9 bp −$69	11.4 bp −$1,145	doesn't fit

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	−0.0104%	1h	65.591	+0.032%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.576	+0.008%	$13K	$8K	5x	as long as short
Ondo Perps XAG-USD.P	0.0000%	1h	65.530	−0.061%	$5.7M	$11.1M	25x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.612	+0.065%	$1.3M	$5.4M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.610	+0.061%	$136.5M	$198.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.650	+0.122%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.650	+0.122%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.680	+0.168%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.528	−0.064%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.613	+0.065%	$4.6M	$9.4M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.563	−0.011%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.476%	$11K	$240	52x	as long as short
Bybit XAGUSDT	+0.0039%	4h	65.630	+0.092%	$30.4M	$48.1M	150x	as long as short
StandX XAG-USD	+0.0040%	1h	65.640	+0.107%	$790K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.600	+0.046%	$446K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	66.052	+0.735%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.579	+0.014%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.593	+0.035%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.588	+0.028%	$29K	—	5x	as long as short
Variational Omni XAG	+0.0061%	4h	65.748	+0.271%	$5.6M	$9.0M	—	as long as short
Aster XAGUSDT	+0.0074%	4h	65.619	+0.074%	$2.7M	$1.2M	100x	as long as short
Binance XAGUSDT	+0.0077%	4h	65.600	+0.046%	$190.3M	$863.5M	100x	as long as short
MEXC SILVER_USDT	+0.0078%	4h	65.590	+0.031%	$114.3M	$162.7M	1000x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.636	+0.101%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0090%	1h	65.578	+0.012%	$175.6M	$93.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.586	+0.025%	$463K	$520K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.570	long leg	$25.3M	$4.3M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.730	+0.244%	$112K	$19K	50x	as long as short
edgeX XAGUSDC	+0.0102%	4h	65.672	+0.156%	$670K	$316K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0102%	4h	65.762	+0.293%	$390K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.710	+0.214%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERPshort	+0.0106%	24h	65.642	+0.110%	$793K	$38.8M	8.1x
Lighter XAG	+0.0120%	1h	65.607	+0.056%	$5.3M	$11.8M	25x	as long as short
Phoenix SILVER	+0.0122%	1h	65.734	+0.250%	$55K	$14K	25x	as long as short
Nado XAG-PERP	+0.0144%	1h	65.611	+0.063%	$1.2M	$3.4M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0179%	8h	65.610	+0.061%	$27.9M	$85.8M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.640	+0.107%	$77K	$409K	20x	as long as short
Bullet SILVER-USD	+0.0213%	1h	65.612	+0.064%	$45K	$73K	10x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.610	+0.061%	$23.1M	$52.8M	100x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.595	+0.038%	$21K	$12K	10x	as long as short
Aftermath Perps XAGUSD	+0.0225%	1h	65.645	+0.114%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0281% / S −0.0253%	1h	65.655	+0.130%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0316%	4h	65.670	+0.153%	$2.7M	$785K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0539%	1h	65.629	+0.090%	$1.0M	$943K	25x	as long as short