Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.030%

Price spread now: Kalshi against Pacifica+0.024%7-day average −0.029% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.178%+$18 · spread now +0.024%, 7d avg −0.029%

Together, before fees+0.102%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.053% dearer against Pacifica than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.029%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	66.096	0.0100	pay 0.0013% / 1h	45m 54s	$471K	$607K	10x
Short	Kalshi KXSILVERPERP	66.112	0.0075	get 0.0224% / 24h	8h 45m	$519K	$26.7M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Pacifica. 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 PacificabpFee KalshibpOrdersPrice spread, now +0.024%Rate

Funding earned: −$5.34
Price spread: +0.024% → −0.029%: $5.32
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$18.02
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 3 min ago; Kalshi: live order book, 3 min ago. 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 Pacifica live order book, 3 min ago	0.23 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	0.53 bp	5.9 bp −$6	6.1 bp −$61	10.6 bp −$1,061	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
Ondo Perps XAG-USD.P	−0.0026%	1h	66.030	−0.100%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	+0.012%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.140	+0.066%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.200	+0.157%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	+0.066%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.077	−0.029%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.145	+0.074%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.126	+0.044%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.078	−0.027%	$5.2M	$11.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.459%	$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
Phoenix SILVER	+0.0036%	1h	66.096	−0.001%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.140	+0.066%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.150	+0.081%	$149.9M	$154.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.571	+0.718%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.109	+0.019%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.072	−0.037%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.120	+0.036%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.136	+0.059%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0067%	1h	66.098	+0.003%	$166.6M	$73.9M	25x	as long as short
Bybit XAGUSDT	+0.0072%	4h	66.150	+0.081%	$27.8M	$36.2M	150x	as long as short
Kalshi KXSILVERPERPshort	+0.0075%	24h	66.112	+0.024%	$519K	$26.7M	8.1x
Pacifica XAGlong	+0.0100%	1h	66.096	long leg	$471K	$607K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.100	+0.006%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	+0.006%	$113K	$30K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.130	+0.051%	$2.6M	$571K	100x	as long as short
Aster XAGUSDT	+0.0107%	4h	66.159	+0.094%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0136%	1h	66.126	+0.045%	$5.3M	$10.6M	25x	as long as short
Variational Omni XAG	+0.0144%	4h	66.123	+0.041%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.130	+0.051%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0159%	4h	66.155	+0.089%	$191.2M	$703.0M	100x	as long as short
MEXC SILVER_USDT	+0.0160%	4h	66.130	+0.051%	$116.4M	$151.8M	1000x	as long as short
Nado XAG-PERP	+0.0163%	1h	66.114	+0.027%	$1.4M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0174%	4h	66.143	+0.071%	$671K	$312K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.176%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0194%	1h	66.093	−0.005%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.120	+0.036%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.160	+0.096%	$395K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0220%	4h	66.140	+0.066%	$24.0M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0220%	8h	66.140	+0.066%	$27.8M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.150	+0.081%	$43K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0232%	1h	66.121	+0.037%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0320%	1h	66.098	+0.003%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.135	+0.058%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.110	+0.020%	$909K	$688K	25x	as long as short