Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.061%

Price spread now: Bitget against Kalshi0.000%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Kalshi Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 7 days+0.119%+$12 · spread now 0.000%, 7d avg +0.112%

Together, before fees+0.241%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.112% cheaper against Kalshi than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.112%). If the spread goes back, that is −$11 on $10k: about 3.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSILVERPERP	65.620	0.0107	pay 0.0321% / 24h	2h 54m	$792K	$38.8M	8.1x
Short	Bitget XAGUSDT	65.620	0.0214	get 0.0107% / 4h	54m 00s	$23.1M	$52.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $22.46
Price spread: 0.000% → +0.112%: −$11.22
Slippage, 4 orders: −$6.15
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.91
Costs to cover: 0.281%
Break-even: 12.3 days

Slippage from Kalshi: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	0.91 bp	6.9 bp −$7	7.1 bp −$71	12.7 bp −$1,266	doesn't fit
Sell Bitget live order book, 3 min ago	0.76 bp	6.8 bp −$7	8.6 bp −$86	14.7 bp −$1,472	41.1 bp −$20.6K

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−0.0088%	1h	65.565	−0.084%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.521	−0.150%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.619	−0.002%	$1.3M	$5.4M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.620	0.000%	$136.6M	$198.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.620	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.640	+0.030%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.640	+0.030%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.554	−0.100%	$119K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0025%	1h	65.520	−0.152%	$5.7M	$11.1M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.615	−0.008%	$4.6M	$9.5M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.556	−0.098%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.551%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.590	−0.046%	$789K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.600	−0.030%	$446K	$1.4M	20x	as long as short
Bybit XAGUSDT	+0.0043%	4h	65.640	+0.030%	$30.5M	$47.8M	150x	as long as short
Vest SI-PERP	+0.0046%	1h	66.037	+0.635%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.576	−0.067%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.561	−0.090%	$3K	$6K	20x	as long as short
Variational Omni XAG	+0.0052%	4h	65.578	−0.065%	$5.6M	$9.0M	—	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.597	−0.035%	$29K	—	5x	as long as short
Aster XAGUSDT	+0.0073%	4h	65.590	−0.046%	$2.7M	$1.2M	100x	as long as short
MEXC SILVER_USDT	+0.0074%	4h	65.620	0.000%	$114.5M	$162.8M	1000x	as long as short
Binance XAGUSDT	+0.0076%	4h	65.620	0.000%	$190.4M	$863.1M	100x	as long as short
edgeX XAGUSDC	+0.0087%	4h	65.624	+0.007%	$669K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.608	−0.019%	$47K	—	10x	as long as short
GRVT XAG_USDT_Perp	+0.0096%	4h	65.674	+0.082%	$389K	$1.6M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.546	−0.113%	$462K	$520K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.580	−0.061%	$25.4M	$4.3M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	−0.015%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.710	+0.137%	$1.6M	$1.9M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0106%	1h	65.585	−0.053%	$175.7M	$86.7M	25x	as long as short
Kalshi KXSILVERPERPlong	+0.0107%	24h	65.620	long leg	$792K	$38.8M	8.1x
Phoenix SILVER	+0.0122%	1h	65.584	−0.055%	$55K	$15K	25x	as long as short
Lighter XAG	+0.0136%	1h	65.612	−0.013%	$5.3M	$11.8M	25x	as long as short
Nado XAG-PERP	+0.0139%	1h	65.564	−0.085%	$1.2M	$3.4M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0178%	8h	65.620	0.000%	$27.9M	$85.7M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.600	−0.030%	$77K	$409K	20x	as long as short
Bitget XAGUSDTshort	+0.0214%	4h	65.620	0.000%	$23.1M	$52.8M	100x
Hibachi XAG/USDT-P	+0.0224%	1h	65.538	−0.125%	$21K	$12K	10x	as long as short
Aftermath Perps XAGUSD	+0.0226%	1h	65.609	−0.017%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.625	+0.008%	$45K	$73K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0282% / S −0.0253%	1h	65.625	+0.008%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0309%	4h	65.610	−0.015%	$2.7M	$784K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.594	−0.040%	$1.0M	$943K	25x	as long as short