Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0061%/8h= +6.6% APRpaid last 24h −0.003%

Price spread now: Kalshi against Gate+0.032%48s7-day average −0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.326% of the position

Long on Gate Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.174%−$17 · spread now +0.032%, 7d avg −0.130%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.161% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.130%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.340	0	get 0.0000% / 4h	2h 37m	$153.3M	$162.2M	100x
Short	Kalshi KXSILVERPERP	66.361	0.0061	get 0.0182% / 24h	12h 37m	$577K	$23.1M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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 GatebpFee KalshibpOrdersPrice spread, now +0.032%Rate

Funding earned: $12.73
Price spread: +0.032% → −0.130%: $16.13
Slippage, 4 orders: −$7.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$3.72
Costs to cover: 0.326%
Break-even: 9.0 days

Slippage from Gate: 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 Gate live order book, 2 min ago	0.75 bp	8.4 bp −$8	9.7 bp −$97	12.6 bp −$1,256	15.6 bp −$7,780
Sell Kalshi live order book, 2 min ago	0.30 bp	7.2 bp −$7	7.4 bp −$74	11.4 bp −$1,144	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
dYdX XAG-USD	0.0000%	1h	66.294	−0.069%	$15K	—	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.340	long leg	$153.3M	$162.2M	100x
SunX XAG-USDT	0.0000%	4h	66.360	+0.030%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.550	+0.317%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.400	+0.090%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.278	−0.093%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.366	+0.039%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.310	−0.045%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.090%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.420	+0.121%	$799K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.810	+0.708%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	+0.110%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.314	−0.039%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.303	−0.056%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.090%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.360	+0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERPshort	+0.0061%	24h	66.361	+0.032%	$577K	$23.1M	8.1x
RISEx XAG/USDC	+0.0079%	1h	66.375	+0.053%	$1.2M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0080%	4h	66.360	+0.030%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.307	−0.050%	$165.5M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.328	−0.018%	$472K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.320	−0.030%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.470	+0.196%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.347%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0118%	4h	66.360	+0.030%	$2.7M	$967K	100x	as long as short
Paradex XAG-USD-PERP	+0.0123%	8h	66.372	+0.049%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.248%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.333	−0.010%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.340	0.000%	$102.1M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0153%	4h	66.340	0.000%	$192.5M	$708.1M	100x	as long as short
Lighter XAG	+0.0160%	1h	66.377	+0.055%	$5.3M	$10.5M	25x	as long as short
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.262%	$675K	$314K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.271%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.360	+0.030%	$27.9M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.427	+0.132%	$80K	$38K	10x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.368	+0.042%	$35K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.340	0.000%	$24.2M	$46.1M	100x	as long as short
Nado XAG-PERP	+0.0229%	1h	66.324	−0.024%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.280%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.473	+0.200%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0278%	1h	66.353	+0.020%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.345	+0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.350	+0.015%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.346	+0.009%	$765K	$472K	25x	as long as short