Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h +0.010%
Price spread now: Injective against Kalshi+0.676%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Injective is 0.676% dearer against Kalshi than usual: you sell high and buy low (spread +0.676% now, against zero (this spread has no 7-day history yet)): +$68 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 58 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXSILVERPERP65.9540.0072pay 0.0217% / 24h9h 39m$540K$25.9M8.1x
ShortInjective XAG/USDC PERP66.4000.0033get 0.0004% / 1h39m 09s$11K$94K52x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$8.22
Price spread: +0.676% → 0.000%
$67.62
Slippage, 4 orders
no order book: not counted
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$49.38
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Kalshi: live order book, 5 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 5 min ago0.46 bp6.7 bp −$77.1 bp −$7111.1 bp −$1,115doesn't fit
Sell Injective no order-book sample
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.0046%1h65.880−0.112%$5.7M$9.3M25xas long as short
dYdX XAG-USD0.0000%1h65.934−0.031%$14K5xas long as short
Gate XAG_USDT0.0000%4h66.000+0.070%$149.5M$163.5M100xas long as short
SunX XAG-USDT0.0000%4h65.990+0.055%$2K$2.6M20xas long as short
HTX XAG-USDT0.0000%4h66.020+0.100%$1.0M$966K75xas long as short
Phemex XAGUSDT0.0000%4h65.990+0.055%$1.5M$320K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.930−0.036%$120K250xas long as short
Lighter RH XAG+0.0032%1h65.976+0.033%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h65.931−0.035%$5.1M$11.5M10xas long as short
Injective XAG/USDC PERPshort+0.0033%1h66.400+0.676%$11K$94K52x
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h65.970+0.024%$793K$3.1M40xas long as short
Vest SI-PERP+0.0046%1h66.408+0.688%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.958+0.006%$3.9M$674K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.931−0.035%$3K$6K20xas long as short
tradeXYZ xyz:SILVER+0.0050%1h65.952−0.003%$166.0M$73.5M25xas long as short
QFEX SILVER-USD+0.0060%1h65.980+0.039%$114K$2.7M20xas long as short
Hotstuff SILVER-PERP+0.0072%1h65.963+0.014%$35K$21K20xas long as short
Kalshi KXSILVERPERPlong+0.0072%24h65.954long leg$540K$25.9M8.1x
Phoenix SILVER+0.0073%1h65.889−0.099%$56K$26K25xas long as short
RISEx XAG/USDC+0.0080%1h65.992+0.057%$1.3M$4.9M20xas long as short
Pacifica XAG+0.0100%1h65.924−0.046%$469K$612K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.960+0.009%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.920−0.052%$113K$30K50xas long as short
Bybit XAGUSDT+0.0109%4h66.010+0.085%$27.4M$36.4M150xas long as short
Lighter XAG+0.0112%1h65.982+0.042%$5.2M$10.6M25xas long as short
Paradex XAG-USD-PERP+0.0116%8h65.986+0.049%$30K$1K5xas long as short
Aster XAGUSDT+0.0137%4h65.970+0.024%$2.7M$871K100xas long as short
Nado XAG-PERP+0.0181%1h65.953−0.002%$1.4M$6.0M10xas long as short
Aevo XAG-PERP+0.0184%1h65.978+0.036%$47K10xas long as short
Variational Omni XAG+0.0188%4h65.963+0.014%$5.6M$9.4Mas long as short
Binance XAGUSDT+0.0202%4h65.990+0.055%$191.0M$702.6M100xas long as short
MEXC SILVER_USDT+0.0202%4h65.980+0.039%$112.8M$152.1M1000xas long as short
BloFin XAG-USDT+0.0204%4h66.000+0.070%$2.6M$556K100xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0205%1h65.970+0.024%$75K$363K20xas long as short
GRVT XAG_USDT_Perp+0.0206%4h65.973+0.029%$394K$1.5M25xas long as short
Coinbase International SILVER-PERP-INTX+0.0208%1h65.950−0.006%$1.8M$1.0M20xas long as short
Aftermath Perps XAGUSD+0.0213%1h65.945−0.013%$79K$36K10xas long as short
edgeX XAGUSDC+0.0213%4h65.953−0.001%$669K$310K30xas long as short
OKX XAG-USDT-SWAP+0.0233%8h66.000+0.070%$27.7M$64.8M50xas long as short
Bullet SILVER-USD+0.0234%1h65.996+0.064%$45K$76K10xas long as short
Bitget XAGUSDT+0.0242%4h65.990+0.055%$23.9M$45.3M100xas long as short
Hibachi XAG/USDT-P+0.0328%1h65.930−0.037%$20K$19K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0387% / S −0.0440%1h65.995+0.062%$105K111xas long as short
Kraken Futures PF_XAGUSD+0.0624%1h65.958+0.006%$910K$683K25xas long as short