Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,234.7 | +0.0050 | pay 0.0006% / 1h | 26m 51s | $2.5M | $402K | 20x | Long tradeXYZ | |
| SHORT | 1,235.5 | +0.0105 | get 0.0314% / 24h | 5h 26m | $304K | $1.6M | 4.5x | Short Kalshi |
Price gap+0.065%
Funding gap+0.0055% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.041% above its 7d average: +$4 more if it goes back.
Funding on this pair cost 0.647% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$65+0.0055% /8h now · paid −0.647% over the last 7D
Price+$4spread +0.065% now, avg +0.024% → +0.041% if it goes back
Costs−$460.462% of $10k · taker + slippage, in and out
Result−$107−1.07%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Kalshi price against tradeXYZnow
RANGE STATS · 7D
Now+0.065%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXPD on 17 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books11.7 / 10.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $2,181tradeXYZ 20x, Kalshi 4.5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 24hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.64Long tradeXYZ: 24 payments, −$1.50; short Kalshi: 1 payment, +$3.14.
- OK: Entry gap works for you+0.065% vs +0.024%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$304K vs $2.5M OIKalshi sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCtradeXYZ No · Kalshi YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0308%/8h × 21 periods−$64.73
Price spread+0.065% → +0.024% (7d avg)+$4.12
Slippage, 4 orderslive order books−$18.25
Fee tradeXYZ bp × 2 orders−$18.00
Fee Kalshi bp × 2 orders−$10.00
Net · 7 days · $10k−$106.85
Costs to cover0.462%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 1 min ago; Kalshi: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ2.0211.7 bp−$1223.9 bp−$239doesn’t fitdoesn’t fit
SELL · SHORTKalshi2.4310.0 bp−$1016.5 bp−$165doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | XPD/USD no longer reported ($XPD) seen by our collector |
| 09-23 13:33 | Kalshi | Listing | new market KXPALLADIUMPERP ($XPD) seen by our collector |
gTrade (Gains Network)