Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h +0.049%

Price spread now: Aftermath Perps against Kalshi−0.020%48s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. 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	Kalshi KXSILVERPERP	66.082	0.0071	pay 0.0213% / 24h	10h 08m	$548K	$25.4M	8.1x
Short	Aftermath Perps XAGUSD	66.069	0.0221	get 0.0028% / 1h	8m 30s	$80K	$36K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Kalshi. 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 KalshibpFee Aftermath PerpsbpOrdersPrice spread, now −0.020%Rate

Funding earned: $31.5
Price spread: −0.020% → 0.000%: −$1.96
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $10.55
Costs to cover: 0.190%
Break-even: 4.7 days

Slippage unknown: Kalshi: live order book, 5 min ago; Aftermath Perps: no order-book sample. 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 Kalshi live order book, 5 min ago	0.98 bp	6.7 bp −$7	7.0 bp −$70	10.4 bp −$1,035	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	66.018	−0.097%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.027%	$150.1M	$163.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	+0.042%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.073%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	+0.088%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.993	−0.134%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.060	−0.033%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.008	−0.112%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.481%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.042%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0043%	1h	65.970	−0.169%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.500	+0.633%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.057	−0.038%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.034	−0.073%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.029	−0.080%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.070	−0.018%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	−0.044%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERPlong	+0.0071%	24h	66.082	long leg	$548K	$25.4M	8.1x
Pacifica XAG	+0.0100%	1h	66.034	−0.073%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.064%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.079%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0127%	1h	66.035	−0.071%	$165.9M	$73.4M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.067	−0.023%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0143%	8h	66.083	+0.002%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0148%	4h	66.080	−0.003%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.090	+0.012%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.063	−0.028%	$5.3M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.098	+0.024%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.094%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	−0.029%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0214%	4h	66.070	−0.018%	$110.6M	$153.0M	1000x	as long as short
Nado XAG-PERP	+0.0214%	1h	66.025	−0.087%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0216%	4h	66.080	−0.003%	$192.7M	$699.9M	100x	as long as short
Aftermath Perps XAGUSDshort	+0.0221%	1h	66.069	−0.020%	$80K	$36K	10x
edgeX XAGUSDC	+0.0227%	4h	66.058	−0.037%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0235%	8h	66.080	−0.003%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.070	−0.018%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0264%	4h	66.120	+0.058%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	+0.012%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0290%	1h	66.081	−0.002%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	−0.003%	$75K	$362K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.075	−0.011%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.054	−0.043%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.080	−0.002%	$912K	$683K	25x	as long as short