Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h 0.000%
Price spread now: dYdX against Kalshi−0.147%88s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.147% cheaper against Kalshi than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 88 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 | 65.622 | 0.0100 | pay 0.0301% / 24h | 3h 41m | $719K | $38.7M | 8.1x |
| Short | dYdX XAG-USD | 65.525 | 0 | get 0.0000% / 1h | 41m 48s | $13K | $8K | 5x |
Kalshi KXSILVERPERP
dYdX XAG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Kalshi. 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
- −$21.05
- Price spread: −0.147% → 0.000%
- −$14.71
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$55.76
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 5 min ago; dYdX: 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 | 0.76 bp | 7.3 bp −$7 | 7.7 bp −$77 | 11.4 bp −$1,138 | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 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 | −3.2000% | 1h | 65.532 | −0.137% | $36K | $23K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0005% | 1h | 65.520 | −0.155% | $5.7M | $11.0M | 25x | as long as short |
| dYdX XAG-USDshort | 0.0000% | 1h | 65.525 | −0.147% | $13K | $8K | 5x | |
| Gate XAG_USDT | 0.0000% | 4h | 65.640 | +0.027% | $138.4M | $204.9M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.640 | +0.027% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.670 | +0.073% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.640 | +0.027% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.566 | −0.085% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.637 | +0.022% | $4.6M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.573 | −0.075% | $5.1M | $11.8M | 10x | as long as short |
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.554% | $11K | $240 | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.610 | −0.018% | $789K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.058 | +0.664% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.606 | −0.024% | $3.8M | $892K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.574 | −0.073% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.620 | −0.003% | $447K | $1.4M | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0055% | 1h | 65.610 | −0.018% | $77K | $414K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0055% | 8h | 65.620 | −0.003% | $29K | — | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0061% | 1h | 65.616 | −0.009% | $174.4M | $94.2M | 25x | as long as short |
| Variational Omni XAG | +0.0081% | 4h | 65.578 | −0.067% | $5.7M | $9.1M | — | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.589 | −0.050% | $467K | $567K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.600 | −0.034% | $25.4M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.590 | −0.049% | $112K | $19K | 50x | as long as short |
| Kalshi KXSILVERPERPlong | +0.0100% | 24h | 65.622 | long leg | $719K | $38.7M | 8.1x | |
| Aster XAGUSDT | +0.0100% | 4h | 65.643 | +0.031% | $2.7M | $1.2M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0102% | 4h | 65.630 | +0.012% | $110.7M | $163.3M | 1000x | as long as short |
| Binance XAGUSDT | +0.0103% | 4h | 65.647 | +0.039% | $191.6M | $863.4M | 100x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 65.615 | −0.011% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.690 | +0.104% | $1.6M | $1.9M | 20x | as long as short |
| Bybit XAGUSDT | +0.0106% | 4h | 65.660 | +0.058% | $30.6M | $48.2M | 150x | as long as short |
| edgeX XAGUSDC | +0.0115% | 4h | 65.564 | −0.088% | $668K | $315K | 30x | as long as short |
| RISEx XAG/USDC | +0.0116% | 1h | 65.641 | +0.029% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVER | +0.0122% | 1h | 65.545 | −0.117% | $55K | $14K | 25x | as long as short |
| GRVT XAG_USDT_Perp | +0.0130% | 4h | 65.656 | +0.052% | $396K | $1.5M | 25x | as long as short |
| Nado XAG-PERP | +0.0135% | 1h | 65.605 | −0.026% | $1.2M | $3.6M | 10x | as long as short |
| Lighter XAG | +0.0136% | 1h | 65.637 | +0.023% | $5.1M | $11.6M | 25x | as long as short |
| Bullet SILVER-USD | +0.0209% | 1h | 65.637 | +0.023% | $45K | $73K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0209% | 8h | 65.640 | +0.027% | $28.0M | $85.7M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0222% | 1h | 65.609 | −0.020% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0238% | 4h | 65.640 | +0.027% | $23.2M | $52.8M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0248% | 1h | 65.551 | −0.108% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0271% / S −0.0239% | 1h | 65.625 | +0.005% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0347% | 4h | 65.590 | −0.049% | $2.7M | $771K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0548% | 1h | 65.609 | −0.020% | $1.0M | $943K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Variational Omni XAG
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
MEXC SILVER_USDT
Binance XAGUSDT
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Bybit XAGUSDT
edgeX XAGUSDC
RISEx XAG/USDC
Phoenix SILVER
GRVT XAG_USDT_Perp
Nado XAG-PERP
Lighter XAG
Bullet SILVER-USD
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD