Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h −0.030%

Price spread now: Kalshi against Pacifica+0.056%7-day average −0.024% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now +0.056%, 7d avg −0.024%

Together, before fees+0.062%+ Points / potential airdropPacifica: Active · farm board+$6 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 0.081% dearer against Pacifica than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	65.726	0.0100	pay 0.0013% / 1h	7m 45s	$465K	$523K	10x
Short	Kalshi KXSILVERPERP	65.763	0.0105	get 0.0316% / 24h	3h 07m	$777K	$39.2M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Pacifica. 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 PacificabpFee KalshibpOrdersPrice spread, now +0.056%Rate

Funding earned: $1.09
Price spread: +0.056% → −0.024%: $8.06
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$8.85
Costs to cover: 0.180%
Break-even: 63.8 days

Slippage unknown: Pacifica: live order book, 39 min ago; Kalshi: live order book, 4 min ago. 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 Pacifica live order book, 39 min ago	0.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	0.53 bp	6.3 bp −$6	6.7 bp −$67	11.6 bp −$1,157	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	−3.2000%	1h	65.689	−0.056%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.705	−0.031%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.800	+0.113%	$138.1M	$206.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.760	+0.052%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.800	+0.113%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.770	+0.067%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.708	−0.027%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.781	+0.084%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.721	−0.008%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.710%	$11K	$240	52x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.690	−0.055%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.189	+0.705%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.736	+0.015%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.703	−0.035%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.690	−0.055%	$5.6M	$11.2M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.730	+0.006%	$447K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.758	+0.049%	$29K	—	5x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0054%	1h	65.730	+0.006%	$77K	$413K	20x	as long as short
Bybit XAGUSDT	+0.0060%	4h	65.790	+0.098%	$30.4M	$48.2M	150x	as long as short
Variational Omni XAG	+0.0068%	4h	65.678	−0.072%	$5.6M	$9.0M	—	as long as short
Aster XAGUSDT	+0.0085%	4h	65.780	+0.082%	$2.7M	$1.2M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0088%	1h	65.756	+0.046%	$175.8M	$92.5M	25x	as long as short
MEXC SILVER_USDT	+0.0088%	4h	65.780	+0.082%	$116.5M	$166.8M	1000x	as long as short
Binance XAGUSDT	+0.0090%	4h	65.788	+0.094%	$191.2M	$863.5M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	65.748	+0.034%	$47K	—	10x	as long as short
Pacifica XAGlong	+0.0100%	1h	65.726	long leg	$465K	$523K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.740	+0.021%	$25.4M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.660	−0.100%	$112K	$19K	50x	as long as short
edgeX XAGUSDC	+0.0102%	4h	65.689	−0.056%	$670K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.620	−0.161%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERPshort	+0.0105%	24h	65.763	+0.056%	$777K	$39.2M	8.1x
GRVT XAG_USDT_Perp	+0.0112%	4h	65.711	−0.022%	$390K	$1.6M	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.780	+0.082%	$1.3M	$5.4M	20x	as long as short
Nado XAG-PERP	+0.0119%	1h	65.729	+0.005%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0122%	1h	65.666	−0.091%	$55K	$14K	25x	as long as short
Lighter XAG	+0.0144%	1h	65.778	+0.080%	$5.3M	$12.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	65.790	+0.098%	$28.1M	$86.1M	50x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	65.691	−0.053%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	65.790	+0.098%	$23.2M	$53.0M	100x	as long as short
Bullet SILVER-USD	+0.0231%	1h	65.776	+0.076%	$45K	$73K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.680	−0.070%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0278% / S −0.0248%	1h	65.705	−0.032%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0332%	4h	65.730	+0.006%	$2.7M	$782K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.740	+0.021%	$1.0M	$947K	25x	as long as short