Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.036%

Price spread now: Binance against Kalshi+0.038%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days+0.097%+$10 · spread now +0.038%, 7d avg +0.115%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.077% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.115%). If the spread goes back, that is −$8 on $10k: about 4.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSILVERPERP	65.678	0.0076	pay 0.0229% / 24h	8h 08m	$448K	$28.9M	8.1x
Short	Binance XAGUSDT	65.703	0.0135	get 0.0067% / 4h	2h 08m	$189.5M	$745.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.038%Rate

Funding earned: $12.31
Price spread: +0.038% → +0.115%: −$7.68
Slippage, 4 orders: −$4.82
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.19
Costs to cover: 0.248%
Break-even: 18.5 days

Slippage from Kalshi: live order book, 6 min ago; Binance: live order book, 6 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 Kalshi live order book, 6 min ago	0.46 bp	7.8 bp −$8	8.5 bp −$85	11.7 bp −$1,171	doesn't fit
Sell Binance live order book, 6 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	7.7 bp −$775	18.2 bp −$9,081

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	−0.055%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.700	+0.033%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.740	+0.094%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	+0.018%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.610	−0.104%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.649	−0.044%	$119K	—	250x	as long as short
Hibachi XAG/USDT-P	+0.0016%	1h	65.584	−0.142%	$20K	$19K	10x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.716	+0.058%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.701	+0.035%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.650	−0.043%	$5.2M	$11.7M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.099%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	65.648	−0.046%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.720	+0.064%	$144.9M	$180.3M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.620	−0.088%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.128	+0.685%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.670	−0.012%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.641	−0.056%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.690	+0.018%	$157K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0063%	8h	65.691	+0.020%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERPlong	+0.0076%	24h	65.678	long leg	$448K	$28.9M	8.1x
tradeXYZ xyz:SILVER	+0.0079%	1h	65.670	−0.012%	$171.2M	$82.2M	25x	as long as short
Aster XAGUSDT	+0.0083%	4h	65.700	+0.033%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.660	−0.028%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.670	−0.012%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.580	−0.149%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0118%	4h	65.720	+0.064%	$28.8M	$39.2M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.144%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.685	+0.011%	$5.4M	$11.4M	25x	as long as short
Binance XAGUSDTshort	+0.0135%	4h	65.703	+0.038%	$189.5M	$745.3M	100x
MEXC SILVER_USDT	+0.0136%	4h	65.700	+0.033%	$124.1M	$161.8M	1000x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.698	+0.030%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0147%	4h	65.560	−0.179%	$667K	$312K	30x	as long as short
Nado XAG-PERP	+0.0152%	1h	65.691	+0.020%	$1.3M	$5.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0160%	1h	65.698	+0.030%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.660	−0.027%	$1.6M	$1.3M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.690	+0.018%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.547	−0.200%	$79K	$37K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	65.644	−0.051%	$398K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.710	+0.049%	$24.0M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.700	+0.033%	$27.9M	$70.2M	50x	as long as short
Bullet SILVER-USD	+0.0241%	1h	65.712	+0.052%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.705	+0.041%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0377%	4h	65.680	+0.003%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.675	−0.004%	$916K	$735K	25x	as long as short