Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.018%
Price spread now: Kalshi against Hotstuff−0.073%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kalshi is 0.073% cheaper against Hotstuff than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff SILVER-PERP | 66.796 | 0.0080 | pay 0.0010% / 1h | 45m 44s | $36K | $21K | 20x |
| Short | Kalshi KXSILVERPERP | 66.747 | 0.0060 | get 0.0179% / 24h | 13h 45m | $573K | $21.9M | 8.1x |
Hotstuff SILVER-PERP
Kalshi KXSILVERPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Hotstuff. 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
- −$4.3
- Price spread: −0.073% → 0.000%
- −$7.34
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$26.63
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 3 min ago | 0.30 bp | 7.1 bp −$7 | 7.5 bp −$75 | 10.8 bp −$1,083 | doesn't fit |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 66.743 | −0.079% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.800 | +0.006% | $26.1M | $35.3M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.800 | +0.006% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.810 | +0.021% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.790 | −0.009% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.735 | −0.091% | $121K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0004% | 4h | 66.800 | +0.006% | $155.6M | $166.2M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.787 | −0.013% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.742 | −0.081% | $5.4M | $13.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.593% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.780 | −0.024% | $804K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 67.241 | +0.666% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.747 | −0.073% | $57K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.764 | −0.048% | $166.1M | $86.2M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.755 | −0.061% | $3.9M | $700K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.739 | −0.085% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.700 | −0.144% | $5.7M | $9.8M | 25x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.770 | −0.039% | $115K | $2.8M | 20x | as long as short |
| Kalshi KXSILVERPERPshort | +0.0060% | 24h | 66.747 | −0.073% | $573K | $21.9M | 8.1x | |
| BloFin XAG-USDT | +0.0060% | 4h | 66.810 | +0.021% | $2.6M | $692K | 100x | as long as short |
| Lighter XAG | +0.0072% | 1h | 66.791 | −0.007% | $5.4M | $10.4M | 25x | as long as short |
| Hotstuff SILVER-PERPlong | +0.0080% | 1h | 66.796 | long leg | $36K | $21K | 20x | |
| Paradex XAG-USD-PERP | +0.0087% | 8h | 66.790 | −0.008% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0092% | 4h | 66.785 | −0.017% | $5.6M | $9.9M | — | as long as short |
| Aster XAGUSDT | +0.0098% | 4h | 66.790 | −0.009% | $2.8M | $1.1M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.744 | −0.077% | $476K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.760 | −0.054% | $24.7M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.770 | −0.039% | $127K | $26K | 50x | as long as short |
| Binance XAGUSDT | +0.0102% | 4h | 66.802 | +0.009% | $191.9M | $725.6M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0102% | 4h | 66.790 | −0.009% | $108.6M | $157.0M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.783 | −0.020% | $48K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0114% | 4h | 66.841 | +0.068% | $678K | $315K | 30x | as long as short |
| GRVT XAG_USDT_Perp | +0.0118% | 4h | 66.810 | +0.021% | $397K | $1.5M | 25x | as long as short |
| Nado XAG-PERP | +0.0135% | 1h | 66.748 | −0.072% | $1.3M | $6.5M | 10x | as long as short |
| RISEx XAG/USDC | +0.0148% | 1h | 66.803 | +0.010% | $1.3M | $4.2M | 20x | as long as short |
| Bitget XAGUSDT | +0.0164% | 4h | 66.800 | +0.006% | $24.8M | $48.6M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0175% | 1h | 66.776 | −0.030% | $80K | $40K | 10x | as long as short |
| Bullet SILVER-USD | +0.0183% | 1h | 66.794 | −0.003% | $45K | $75K | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.780 | −0.024% | $1.9M | $967K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0189% | 8h | 66.790 | −0.009% | $28.2M | $67.4M | 50x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 66.742 | −0.081% | $20K | $22K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.795 | −0.001% | $104K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0349% | 1h | 66.790 | −0.009% | $51K | $344K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0487% | 1h | 66.761 | −0.053% | $766K | $589K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
BloFin XAG-USDT
Lighter XAG
Paradex XAG-USD-PERP
Variational Omni XAG
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Binance XAGUSDT
MEXC SILVER_USDT
Aevo XAG-PERP
edgeX XAGUSDC
GRVT XAG_USDT_Perp
Nado XAG-PERP
RISEx XAG/USDC
Bitget XAGUSDT
Aftermath Perps XAGUSD
Bullet SILVER-USD
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD