Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.027%

Price spread now: Kalshi against Aster−0.045%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Aster Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days−0.062%−$6 · spread now −0.045%, 7d avg −0.111%

Together, before fees−0.111%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.066% dearer against Aster than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.111%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.050	0.0121	pay 0.0060% / 4h	3h 05m	$2.7M	$866K	100x
Short	Kalshi KXSILVERPERP	66.020	0.0074	get 0.0221% / 24h	9h 05m	$479K	$26.6M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Aster. 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 AsterbpFee KalshibpOrdersPrice spread, now −0.045%Rate

Funding earned: −$9.89
Price spread: −0.045% → −0.111%: $6.58
Slippage, 4 orders: −$3.29
Fee Aster: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$24.6
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Kalshi: live order book, 4 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 Aster live order book, 3 min ago	0.76 bp	4.8 bp −$5	6.9 bp −$69	14.7 bp −$1,472	doesn't fit
Sell Kalshi live order book, 4 min ago	0.53 bp	6.2 bp −$6	6.5 bp −$65	10.7 bp −$1,070	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
Ondo Perps XAG-USD.P	−0.0051%	1h	65.950	−0.151%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.093%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.045%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.076%	$1.0M	$980K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.060	+0.015%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.999	−0.077%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.049	−0.001%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.995	−0.083%	$5.2M	$11.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.027	−0.035%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.530%	$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	66.060	+0.015%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.477	+0.646%	—	—	25x	as long as short
Gate XAG_USDT	+0.0046%	4h	66.070	+0.030%	$149.8M	$164.4M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.027	−0.035%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.994	−0.085%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.044	−0.008%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	0.000%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.025	−0.038%	$166.3M	$73.8M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.083%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERPshort	+0.0074%	24h	66.020	−0.045%	$479K	$26.6M	8.1x
RISEx XAG/USDC	+0.0080%	1h	66.062	+0.018%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.997	−0.080%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.030%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.990	−0.091%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0108%	4h	66.080	+0.045%	$27.8M	$36.5M	150x	as long as short
Lighter XAG	+0.0120%	1h	66.052	+0.003%	$5.2M	$10.9M	25x	as long as short
Aster XAGUSDTlong	+0.0121%	4h	66.050	long leg	$2.7M	$866K	100x
Variational Omni XAG	+0.0164%	4h	66.053	+0.005%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.046	−0.006%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.060	+0.015%	$114.5M	$152.8M	1000x	as long as short
Binance XAGUSDT	+0.0175%	4h	66.062	+0.018%	$191.0M	$703.1M	100x	as long as short
edgeX XAGUSDC	+0.0182%	4h	66.013	−0.056%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0186%	1h	66.012	−0.057%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.022	−0.042%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.030	−0.030%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	66.053	+0.004%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.106%	$1.8M	$1.0M	20x	as long as short
BloFin XAG-USDT	+0.0224%	4h	66.030	−0.030%	$2.6M	$569K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.070	+0.030%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.060	+0.015%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.064	+0.022%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.010	−0.061%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.065	+0.023%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.039	−0.017%	$911K	$685K	25x	as long as short