Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0149%/8h= −16.4% APRpaid last 24h −0.046%

Price spread now: Kalshi against OKX−0.072%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on OKX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days−0.025%−$3 · spread now −0.072%, 7d avg −0.109%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.036% dearer against OKX than usual: you sell high and buy low (spread −0.072% now, against its 7-day average of −0.109%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.074% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	66.390	0.0211	pay 0.0211% / 8h	6h 14m	$28.0M	$65.7M	50x
Short	Kalshi KXSILVERPERP	66.342	0.0062	get 0.0186% / 24h	12h 14m	$609K	$23.8M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against OKX. 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 OKXbpFee KalshibpOrdersPrice spread, now −0.072%Rate

Funding earned: −$31.39
Price spread: −0.072% → −0.109%: $3.64
Slippage, 4 orders: −$5.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$53.36
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Kalshi: live order book, 5 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 OKX live order book, 5 min ago	0.75 bp	5.8 bp −$6	6.9 bp −$69	12.5 bp −$1,250	doesn't fit
Sell Kalshi live order book, 5 min ago	0.08 bp	8.9 bp −$9	9.2 bp −$92	12.5 bp −$1,254	doesn't fit

XAG on 43 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	66.296	−0.142%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.380	−0.015%	$153.3M	$164.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.360	−0.045%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.400	+0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.410	+0.030%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.299	−0.137%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.366	−0.037%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.301	−0.133%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.015%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	+0.030%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.793	+0.607%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0048%	1h	66.230	−0.241%	$5.7M	$9.6M	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	+0.018%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.308	−0.124%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.304	−0.130%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.330	−0.090%	$115K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.305	−0.128%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERPshort	+0.0062%	24h	66.342	−0.072%	$609K	$23.8M	8.1x
RISEx XAG/USDC	+0.0079%	1h	66.337	−0.080%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.320	−0.105%	$165.9M	$76.2M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.284	−0.160%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.300	−0.136%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	−0.015%	$126K	$23K	50x	as long as short
Aster XAGUSDT	+0.0133%	4h	66.350	−0.060%	$2.7M	$942K	100x	as long as short
Bybit XAGUSDT	+0.0135%	4h	66.400	+0.015%	$26.6M	$36.4M	150x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.330	−0.090%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0166%	4h	66.373	−0.026%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.358	−0.048%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.360	−0.045%	$102.7M	$158.6M	1000x	as long as short
Binance XAGUSDT	+0.0181%	4h	66.370	−0.030%	$192.2M	$706.2M	100x	as long as short
edgeX XAGUSDC	+0.0184%	4h	66.421	+0.047%	$674K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.030%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.352	−0.057%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAPlong	+0.0211%	8h	66.390	long leg	$28.0M	$65.7M	50x
Hibachi XAG/USDT-P	+0.0224%	1h	66.320	−0.105%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0225%	1h	66.283	−0.161%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0235%	1h	66.331	−0.089%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.370	−0.030%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.090%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.377	−0.020%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.375	−0.023%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.323	−0.100%	$765K	$478K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.370	−0.030%	$50K	$325K	20x	as long as short