Funding you earn now, next payment 04:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h −0.001%
Price spread now: Kalshi against gTrade (Gains Network)+0.066%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2822.821% of the position
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.066%, 7d avg +0.010%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.056% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XAG/USD | 66.074 | L +0.0004% / S −0.0006% | pay 0.0000% / 1h | 33m 09s | $121K | — | 250x |
| Short | Kalshi KXSILVERPERP | 66.118 | 0.0069 | get 0.0206% / 24h | 10h 33m | $521K | $25.5M | 8.1x |
gTrade (Gains Network) XAG/USD
Kalshi KXSILVERPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against gTrade (Gains Network). 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
- $13.65
- Price spread: +0.066% → +0.010%
- $5.62
- Slippage, 4 orders
- −$262.05
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$262.77
- Costs to cover
- 2.821%
- Break-even
- 141.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 56 min ago; Kalshi: live order book, 1 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 gTrade (Gains Network) virtual book (oracle venue), 56 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 580.0 bp −$58.0K | 2587.5 bp −$1.29M |
| Sell Kalshi live order book, 1 min ago | 0.15 bp | 5.3 bp −$5 | 5.7 bp −$57 | 10.7 bp −$1,074 | 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 | 66.022 | −0.078% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.170 | +0.145% | $150.2M | $163.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.160 | +0.130% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.160 | +0.130% | $1.0M | $971K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.150 | +0.115% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDlong | L +0.0004% / S −0.0006% | 1h | 66.074 | long leg | $121K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 66.125 | +0.077% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.075 | +0.001% | $5.2M | $11.7M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.493% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.120 | +0.069% | $795K | $3.0M | 40x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 66.573 | +0.755% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.114 | +0.060% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.115 | +0.062% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.068 | −0.009% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.020 | −0.082% | $5.7M | $9.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.140 | +0.100% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.080 | +0.009% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERPshort | +0.0069% | 24h | 66.118 | +0.066% | $521K | $25.5M | 8.1x | |
| Pacifica XAG | +0.0100% | 1h | 66.091 | +0.025% | $470K | $619K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.110 | +0.054% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.050 | −0.037% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0133% | 1h | 66.119 | +0.068% | $165.5M | $74.0M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.146 | +0.108% | $1.3M | $4.5M | 20x | as long as short |
| Aster XAGUSDT | +0.0145% | 4h | 66.101 | +0.040% | $2.7M | $876K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0151% | 8h | 66.145 | +0.107% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0160% | 4h | 66.170 | +0.145% | $27.0M | $36.1M | 150x | as long as short |
| Nado XAG-PERP | +0.0196% | 1h | 66.092 | +0.027% | $1.3M | $6.5M | 10x | as long as short |
| Lighter XAG | +0.0200% | 1h | 66.137 | +0.095% | $5.2M | $10.5M | 25x | as long as short |
| Aevo XAG-PERP | +0.0200% | 1h | 66.140 | +0.099% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.130 | +0.084% | $1.8M | $999K | 20x | as long as short |
| BloFin XAG-USDT | +0.0205% | 4h | 66.160 | +0.130% | $2.6M | $554K | 100x | as long as short |
| Variational Omni XAG | +0.0210% | 4h | 66.123 | +0.075% | $5.6M | $9.7M | — | as long as short |
| MEXC SILVER_USDT | +0.0216% | 4h | 66.140 | +0.100% | $109.2M | $152.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0216% | 4h | 66.150 | +0.115% | $192.8M | $700.9M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0229% | 1h | 66.095 | +0.031% | $80K | $37K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0232% | 8h | 66.160 | +0.130% | $27.8M | $65.5M | 50x | as long as short |
| edgeX XAGUSDC | +0.0235% | 4h | 66.098 | +0.037% | $671K | $312K | 30x | as long as short |
| Bitget XAGUSDT | +0.0260% | 4h | 66.140 | +0.100% | $23.8M | $45.7M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0282% | 4h | 66.121 | +0.070% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0309% | 1h | 66.163 | +0.135% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0355% | 1h | 66.120 | +0.069% | $62K | $348K | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0376% | 1h | 66.060 | −0.021% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0376% / S −0.0411% | 1h | 66.155 | +0.122% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.114 | +0.060% | $912K | $676K | 25x | as long as short |
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Phoenix SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Aster XAGUSDT
Paradex XAG-USD-PERP
Bybit XAGUSDT
Nado XAG-PERP
Lighter XAG
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
BloFin XAG-USDT
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
Aftermath Perps XAGUSD
OKX XAG-USDT-SWAP
edgeX XAGUSDC
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD