Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.016%
Price spread now: Kalshi against Hotstuff−0.041%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Kalshi is 0.041% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6.8 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff SILVER-PERP | 65.667 | 0.0056 | pay 0.0007% / 1h | 9m 21s | $35K | $21K | 20x |
| Short | Kalshi KXSILVERPERP | 65.640 | 0.0076 | get 0.0229% / 24h | 8h 09m | $450K | $28.9M | 8.1x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.24
- Price spread: −0.041% → 0.000%
- −$4.11
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$14.87
- Costs to cover
- 0.150%
- Break-even
- 31.6 days
Slippage unknown: Hotstuff: no order-book sample; Kalshi: live order book, 5 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 5 min ago | 0.46 bp | 5.5 bp −$5 | 5.7 bp −$57 | 9.9 bp −$987 | doesn't fit |
Hotstuff: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 65.642 | −0.038% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.710 | +0.065% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.710 | +0.065% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.690 | +0.035% | $1.5M | $280K | 100x | as long as short |
| Ondo Perps XAG-USD.P | +0.0001% | 1h | 65.610 | −0.087% | $5.6M | $9.7M | 25x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.675 | +0.012% | $119K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 65.723 | +0.085% | $1.2M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.694 | +0.042% | $4.7M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.670 | +0.004% | $5.1M | $11.7M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.116% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SILVER | +0.0036% | 1h | 65.648 | −0.029% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.620 | −0.072% | $789K | $3.0M | 40x | as long as short |
| Gate XAG_USDT | +0.0042% | 4h | 65.740 | +0.111% | $145.0M | $180.1M | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.136 | +0.714% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.693 | +0.040% | $3.9M | $710K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.636 | −0.047% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.690 | +0.035% | $157K | $2.8M | 20x | as long as short |
| Hotstuff SILVER-PERPlong | +0.0056% | 1h | 65.667 | long leg | $35K | $21K | 20x | |
| Hibachi XAG/USDT-P | +0.0056% | 1h | 65.545 | −0.186% | $20K | $19K | 10x | as long as short |
| Paradex XAG-USD-PERP | +0.0064% | 8h | 65.692 | +0.039% | $29K | $1K | 5x | as long as short |
| Kalshi KXSILVERPERPshort | +0.0076% | 24h | 65.640 | −0.041% | $450K | $28.9M | 8.1x | |
| tradeXYZ xyz:SILVER | +0.0080% | 1h | 65.692 | +0.038% | $171.2M | $82.1M | 25x | as long as short |
| Aster XAGUSDT | +0.0086% | 4h | 65.720 | +0.081% | $2.7M | $944K | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.635 | −0.049% | $469K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.690 | +0.035% | $24.7M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.580 | −0.132% | $112K | $23K | 50x | as long as short |
| Bybit XAGUSDT | +0.0121% | 4h | 65.740 | +0.111% | $28.9M | $39.0M | 150x | as long as short |
| Variational Omni XAG | +0.0127% | 4h | 65.584 | −0.127% | $5.5M | $9.5M | — | as long as short |
| Lighter XAG | +0.0128% | 1h | 65.687 | +0.031% | $5.3M | $11.3M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0136% | 4h | 65.720 | +0.081% | $124.2M | $161.7M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0136% | 1h | 65.709 | +0.063% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0137% | 4h | 65.720 | +0.081% | $189.5M | $745.0M | 100x | as long as short |
| edgeX XAGUSDC | +0.0147% | 4h | 65.560 | −0.162% | $667K | $312K | 30x | as long as short |
| Nado XAG-PERP | +0.0154% | 1h | 65.655 | −0.018% | $1.3M | $5.5M | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.530 | −0.209% | $1.6M | $1.3M | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0207% | 1h | 65.502 | −0.252% | $79K | $37K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0207% | 1h | 65.710 | +0.065% | $66K | $368K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0208% | 4h | 65.644 | −0.034% | $398K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0215% | 8h | 65.710 | +0.065% | $27.9M | $70.2M | 50x | as long as short |
| Bitget XAGUSDT | +0.0216% | 4h | 65.720 | +0.081% | $23.9M | $46.3M | 100x | as long as short |
| Bullet SILVER-USD | +0.0243% | 1h | 65.726 | +0.090% | $44K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0366% / S −0.0361% | 1h | 65.725 | +0.088% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0379% | 4h | 65.610 | −0.087% | $2.6M | $622K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0469% | 1h | 65.657 | −0.015% | $916K | $735K | 25x | as long as short |
Kalshi KXSILVERPERP
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
RISEx XAG/USDC
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
Phoenix SILVER
StandX XAG-USD
Gate XAG_USDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
Variational Omni XAG
Lighter XAG
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD