Funding you earn now, next payment 07:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.030%
Price spread now: Kalshi against ApeX Omni+0.149%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$530.533% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.149%, 7d avg −0.081%
=The price spread pays, funding is against you. Kalshi is 0.230% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of −0.081%): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 36 days. At the pace of the last 7 days (−0.210% in total) that is about 7.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni XAGUSDT | 65.260 | 0.0100 | pay 0.0013% / 1h | 57m 01s | $112K | $19K | 50x |
| Short | Kalshi KXSILVERPERP | 65.357 | 0.0079 | get 0.0236% / 24h | 6h 57m | $483K | $31.5M | 8.1x |
ApeX Omni XAGUSDT
Kalshi KXSILVERPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against ApeX Omni. 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
- −$4.49
- Price spread: +0.149% → −0.081%
- $23
- Slippage, 4 orders
- −$33.27
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$34.76
- Costs to cover
- 0.533%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 44 min ago; Kalshi: live order book, 2 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 ApeX Omni live order book, 44 min ago | 8.41 bp | 22.6 bp −$23 | 64.1 bp −$641 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 2 min ago | 0.08 bp | 5.5 bp −$5 | 6.3 bp −$63 | 10.1 bp −$1,014 | 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 | 65.293 | +0.051% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.450 | +0.291% | $27.8M | $39.6M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.390 | +0.199% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.430 | +0.260% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.420 | +0.245% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.351 | +0.139% | $118K | — | 250x | as long as short |
| Ondo Perps XAG-USD.P | +0.0009% | 1h | 65.270 | +0.015% | $5.6M | $9.7M | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0024% | 1h | 65.360 | +0.153% | $35K | $21K | 20x | as long as short |
| Variational Omni XAG | +0.0030% | 4h | 65.314 | +0.082% | $5.5M | $9.2M | — | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.420 | +0.245% | $4.6M | $9.7M | 25x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
Variational Omni XAG
Lighter RH XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.345 | +0.131% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.747% | $11K | $94K | 52x | as long as short |
| Gate XAG_USDT | +0.0034% | 4h | 65.450 | +0.291% | $141.5M | $176.2M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.330 | +0.107% | $786K | $2.9M | 40x | as long as short |
| Aster XAGUSDT | +0.0042% | 4h | 65.410 | +0.230% | $2.7M | $954K | 100x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.390 | +0.199% | $152K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.797 | +0.823% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.357 | +0.149% | $3.8M | $856K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.358 | +0.150% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0053% | 8h | 65.369 | +0.167% | $29K | $1K | 5x | as long as short |
| MEXC SILVER_USDT | +0.0054% | 4h | 65.420 | +0.245% | $116.9M | $156.0M | 1000x | as long as short |
| Binance XAGUSDT | +0.0055% | 4h | 65.435 | +0.268% | $191.7M | $763.2M | 100x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.294 | +0.052% | $56K | $31K | 25x | as long as short |
| edgeX XAGUSDC | +0.0066% | 4h | 65.316 | +0.085% | $665K | $315K | 30x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 65.408 | +0.226% | $47K | — | 10x | as long as short |
| Kalshi KXSILVERPERPshort | +0.0079% | 24h | 65.357 | +0.149% | $483K | $31.5M | 8.1x | |
| tradeXYZ xyz:SILVER | +0.0081% | 1h | 65.397 | +0.210% | $170.7M | $83.3M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.230 | −0.046% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.320 | +0.092% | $469K | $621K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.390 | +0.199% | $25.4M | $5.0M | 75x | as long as short |
| ApeX Omni XAGUSDTlong | +0.0100% | 1h | 65.260 | long leg | $112K | $19K | 50x | |
| RISEx XAG/USDC | +0.0118% | 1h | 65.409 | +0.229% | $1.2M | $4.9M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0142% | 4h | 65.325 | +0.099% | $391K | $1.6M | 25x | as long as short |
| Lighter XAG | +0.0144% | 1h | 65.424 | +0.251% | $5.3M | $11.1M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0152% | 1h | 65.288 | +0.043% | $20K | $18K | 10x | as long as short |
| Nado XAG-PERP | +0.0153% | 1h | 65.348 | +0.135% | $1.2M | $5.1M | 10x | as long as short |
| Bitget XAGUSDT | +0.0170% | 4h | 65.430 | +0.260% | $23.7M | $45.9M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0182% | 8h | 65.430 | +0.260% | $28.2M | $71.0M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.410 | +0.230% | $66K | $385K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0210% | 1h | 65.296 | +0.055% | $78K | $37K | 10x | as long as short |
| BloFin XAG-USDT | +0.0220% | 4h | 65.380 | +0.184% | $2.7M | $599K | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.415 | +0.238% | $93K | — | 111x | as long as short |
| Bullet SILVER-USD | +0.0248% | 1h | 65.372 | +0.172% | $44K | $75K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0363% | 1h | 65.379 | +0.182% | $1.0M | $874K | 25x | as long as short |
Extended XAG-USD
Injective XAG/USDC PERP
Gate XAG_USDT
StandX XAG-USD
Aster XAGUSDT
QFEX SILVER-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Phoenix SILVER
edgeX XAGUSDC
Aevo XAG-PERP
tradeXYZ xyz:SILVER
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
RISEx XAG/USDC
GRVT XAG_USDT_Perp
Lighter XAG
Hibachi XAG/USDT-P
Nado XAG-PERP
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
BloFin XAG-USDT
GMX SILVER/USD [ETH-USDC]
Bullet SILVER-USD
Kraken Futures PF_XAGUSD