Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0082%/8h= −8.9% APRpaid last 24h −0.066%

Price spread now: Kalshi against Bitget−0.054%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Bitget Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days−0.065%−$6 · spread now −0.054%, 7d avg −0.114%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.060% dearer against Bitget than usual: you sell high and buy low (spread −0.054% now, against its 7-day average of −0.114%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	65.090	0.0162	pay 0.0081% / 4h	7m 08s	$23.2M	$44.9M	100x
Short	Kalshi KXSILVERPERP	65.055	0.0080	get 0.0241% / 24h	6h 07m	$489K	$32.2M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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 BitgetbpFee KalshibpOrdersPrice spread, now −0.054%Rate

Funding earned: −$17.14
Price spread: −0.054% → −0.114%: $6.04
Slippage, 4 orders: −$4.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$37.13
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Kalshi: live order book, 2 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 Bitget live order book, 2 min ago	0.77 bp	6.8 bp −$7	8.2 bp −$82	17.1 bp −$1,713	47.6 bp −$23.8K
Sell Kalshi live order book, 2 min ago	0.77 bp	6.1 bp −$6	7.3 bp −$73	12.0 bp −$1,198	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	−0.0026%	1h	64.970	−0.184%	$5.7M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.035	−0.084%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.143%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.100	+0.015%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.210%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.090	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.150	+0.092%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.100	+0.015%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.023	−0.102%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.090	0.000%	$140.2M	$181.7M	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	65.088	−0.002%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.018	−0.111%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.013%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.080	−0.015%	$124.5M	$162.6M	1000x	as long as short
Binance XAGUSDT	+0.0034%	4h	65.090	0.000%	$191.6M	$755.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.110	+0.031%	$783K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.095	+0.007%	$2.7M	$982K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.070	−0.031%	$170K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.493	+0.619%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.077	−0.021%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.041	−0.075%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.025	−0.100%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.251	+0.247%	$664K	$312K	30x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.054	−0.055%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.076	−0.022%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	65.046	−0.068%	$172.9M	$84.5M	25x	as long as short
Kalshi KXSILVERPERPshort	+0.0080%	24h	65.055	−0.054%	$489K	$32.2M	8.1x
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.092%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.011	−0.121%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.040	−0.077%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.200	+0.169%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.077	−0.020%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0136%	4h	65.100	+0.015%	$2.7M	$624K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.219	+0.198%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.031	−0.090%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDTlong	+0.0162%	4h	65.090	long leg	$23.2M	$44.9M	100x
OKX XAG-USDT-SWAP	+0.0173%	8h	65.080	−0.015%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.094	+0.006%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0194%	1h	65.101	+0.017%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.052	−0.058%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.077	−0.020%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.075	−0.023%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0365%	1h	65.053	−0.057%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.080	−0.015%	$65K	$398K	20x	as long as short