Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.025%

Price spread now: Kalshi against Aster−0.038%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Aster Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days−0.092%−$9 · spread now −0.038%, 7d avg −0.109%

Together, before fees−0.140%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.071% dearer against Aster than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.109%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.386	0.0138	pay 0.0069% / 4h	2h 15m	$2.7M	$1.1M	100x
Short	Kalshi KXSILVERPERP	65.361	0.0096	get 0.0288% / 24h	4h 15m	$613K	$37.5M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Aster. 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 AsterbpFee KalshibpOrdersPrice spread, now −0.038%Rate

Funding earned: −$8.86
Price spread: −0.038% → −0.109%: $7.11
Slippage, 4 orders: −$5.38
Fee Aster: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$25.13
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Aster: live order book, 1 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 Aster live order book, 1 min ago	0.76 bp	4.8 bp −$5	6.3 bp −$63	12.8 bp −$1,279	doesn't fit
Sell Kalshi live order book, 2 min ago	0.15 bp	6.6 bp −$7	6.9 bp −$69	12.9 bp −$1,292	doesn't fit

XAG on 44 exchanges

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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.199%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0004%	1h	65.280	−0.162%	$5.7M	$10.5M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.326	−0.091%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.390	+0.007%	$139.1M	$200.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.380	−0.009%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.037%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.370	−0.024%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.302	−0.128%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.367	−0.029%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.316	−0.107%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	65.364	−0.033%	$36K	$23K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	−0.085%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.796	+0.628%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.349	−0.056%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.294	−0.140%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.369	−0.026%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.370	−0.024%	$444K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.330	−0.085%	$1.6M	$1.7M	20x	as long as short
Kalshi KXSILVERPERPshort	+0.0096%	24h	65.361	−0.038%	$613K	$37.5M	8.1x
Variational Omni XAG	+0.0100%	4h	65.381	−0.007%	$5.7M	$9.2M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.321	−0.098%	$465K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	−0.085%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	−0.177%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.288	−0.149%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0122%	1h	65.346	−0.061%	$174.1M	$93.0M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.398	+0.018%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.360	−0.039%	$119.7M	$166.7M	1000x	as long as short
Binance XAGUSDT	+0.0131%	4h	65.370	−0.024%	$193.0M	$835.9M	100x	as long as short
edgeX XAGUSDC	+0.0135%	4h	65.324	−0.095%	$666K	$315K	30x	as long as short
Aster XAGUSDTlong	+0.0138%	4h	65.386	long leg	$2.7M	$1.1M	100x
Nado XAG-PERP	+0.0181%	1h	65.346	−0.061%	$1.2M	$3.9M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0188%	4h	65.336	−0.077%	$394K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.361	−0.038%	$5.1M	$11.7M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.400	+0.022%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.350	−0.055%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.370	−0.024%	$27.9M	$82.3M	50x	as long as short
Bybit XAGUSDT	+0.0216%	4h	65.370	−0.024%	$30.4M	$46.8M	150x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.319	−0.102%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	65.370	−0.024%	$23.1M	$50.4M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0263% / S −0.0229%	1h	65.405	+0.030%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.305	−0.124%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0277%	1h	65.390	+0.007%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0371%	4h	65.350	−0.055%	$2.7M	$753K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0775%	1h	65.345	−0.062%	$1.0M	$937K	25x	as long as short