Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.030%

Price spread now: KuCoin against Kalshi−0.011%7-day average +0.046% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Kalshi Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 7 days+0.085%+$8 · spread now −0.011%, 7d avg +0.046%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.056% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.046%). If the spread goes back, that is −$6 on $10k: about 5.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSILVERPERP	66.137	0.0066	pay 0.0199% / 24h	11h 00m	$545K	$24.8M	8.1x
Short	KuCoin XAGUSDTM	66.130	0.0100	get 0.0050% / 4h	1h 00m	$24.5M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: $7.1
Price spread: −0.011% → +0.046%: −$5.62
Slippage, 4 orders: −$6.81
Fee Kalshi: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.32
Costs to cover: 0.288%
Break-even: 33.9 days

Slippage from Kalshi: live order book, 3 min ago; KuCoin: 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	0.83 bp	6.5 bp −$7	7.4 bp −$74	10.6 bp −$1,064	doesn't fit
Sell KuCoin live order book, 3 min ago	1.51 bp	7.9 bp −$8	15.0 bp −$150	doesn't fit	doesn't fit

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	66.087	−0.076%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.134	−0.005%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.080%	$149.9M	$165.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.210	+0.110%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.210	+0.110%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.220	+0.125%	$1.5M	$256K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.114	−0.036%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.143	+0.010%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.108	−0.044%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.398%	$11K	$94K	52x	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	+0.0039%	1h	66.050	−0.132%	$5.7M	$9.7M	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	+0.020%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.594	+0.691%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.133	−0.006%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.108	−0.044%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.160	+0.035%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERPlong	+0.0066%	24h	66.137	long leg	$545K	$24.8M	8.1x
Phoenix SILVER	+0.0084%	1h	66.097	−0.060%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	66.124	−0.020%	$165.4M	$73.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.108	−0.044%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	66.130	−0.011%	$24.5M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.110	−0.041%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0126%	4h	66.177	+0.061%	$2.7M	$877K	100x	as long as short
Paradex XAG-USD-PERP	+0.0129%	8h	66.164	+0.041%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.190	+0.080%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.177	+0.060%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0181%	4h	66.181	+0.067%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.179	+0.064%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.148	+0.017%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.170	+0.050%	$107.8M	$154.4M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.065%	$1.8M	$1.0M	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.160	+0.035%	$192.2M	$704.0M	100x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.162	+0.038%	$671K	$315K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.150	+0.020%	$63K	$337K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.170	+0.050%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.118	−0.028%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.141	+0.007%	$80K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0233%	4h	66.180	+0.065%	$2.6M	$551K	100x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.170	+0.050%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.163	+0.039%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0273%	1h	66.190	+0.079%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.100	−0.056%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0362% / S −0.0390%	1h	66.195	+0.088%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.148	+0.017%	$913K	$674K	25x	as long as short