Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.015%

Price spread now: Kalshi against SoDEX+0.025%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.025% dearer against SoDEX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SILVER-USD	65.290	0.0050	pay 0.0006% / 1h	37m 47s	$3K	$6K	20x
Short	Kalshi KXSILVERPERP	65.306	0.0077	get 0.0231% / 24h	7h 37m	$487K	$30.6M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against SoDEX. 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 SoDEXbpFee KalshibpOrdersPrice spread, now +0.025%Rate

Funding earned: $5.69
Price spread: +0.025% → 0.000%: $2.45
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$9.86
Costs to cover: 0.180%
Break-even: 19.1 days

Slippage unknown: SoDEX: no order-book sample; Kalshi: live order book, 1 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 SoDEX no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 1 min ago	0.08 bp	6.2 bp −$6	6.9 bp −$69	11.0 bp −$1,099	doesn't fit

SoDEX: 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 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
Hibachi XAG/USDT-P	−0.0128%	1h	65.358	+0.105%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0075%	1h	65.240	−0.077%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.329	+0.060%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	+0.008%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.370	+0.123%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.400	+0.168%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.370	+0.123%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.289	−0.001%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0015%	4h	65.380	+0.138%	$28.4M	$39.7M	150x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.390	+0.153%	$141.2M	$181.4M	100x	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	65.345	+0.084%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.317	+0.041%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.700%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	+0.092%	$786K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0045%	4h	65.360	+0.107%	$2.7M	$973K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.770	+0.735%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.360	+0.107%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.327	+0.057%	$170.2M	$83.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.326	+0.055%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	65.290	long leg	$3K	$6K	20x
Paradex XAG-USD-PERP	+0.0057%	8h	65.339	+0.075%	$29K	$1K	5x	as long as short
Variational Omni XAG	+0.0060%	4h	65.414	+0.189%	$5.5M	$9.4M	—	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.360	+0.107%	$1.3M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.377	+0.133%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0074%	4h	65.370	+0.123%	$115.4M	$157.2M	1000x	as long as short
Binance XAGUSDT	+0.0074%	4h	65.370	+0.123%	$189.9M	$763.7M	100x	as long as short
Kalshi KXSILVERPERPshort	+0.0077%	24h	65.306	+0.025%	$487K	$30.6M	8.1x
Aevo XAG-PERP	+0.0080%	1h	65.344	+0.082%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0095%	4h	65.402	+0.171%	$666K	$312K	30x	as long as short
Pacifica XAG	+0.0100%	1h	65.291	+0.001%	$466K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.340	+0.077%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.370	+0.123%	$112K	$19K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.346	+0.086%	$5.4M	$11.4M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.409	+0.182%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.138%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0120%	1h	65.321	+0.047%	$1.2M	$5.5M	10x	as long as short
Bullet SILVER-USD	+0.0163%	1h	65.361	+0.108%	$43K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.390	+0.153%	$23.8M	$46.6M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	65.360	+0.107%	$27.9M	$71.3M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	+0.061%	$65K	$375K	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.355	+0.099%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0299%	4h	65.410	+0.184%	$2.6M	$610K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0318% / S −0.0301%	1h	65.345	+0.084%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.317	+0.041%	$915K	$746K	25x	as long as short