Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0113%/8h= +12.3% APRpaid last 24h +0.034%

Price spread now: Aevo against Kalshi+0.027%7-day average — · you sell dearer than you buy

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

Long on Kalshi Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.027% dearer against Kalshi than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSILVERPERP	66.213	0.0063	pay 0.0190% / 24h	11h 49m	$547K	$24.5M	8.1x
Short	Aevo XAG-PERP	66.231	0.0176	get 0.0022% / 1h	49m 34s	$48K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Kalshi. 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 KalshibpFee AevobpOrdersPrice spread, now +0.027%Rate

Funding earned: $23.66
Price spread: +0.027% → 0.000%: $2.66
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: $0.32
Costs to cover: 0.260%
Break-even: 6.9 days

Slippage unknown: Kalshi: live order book, 4 min ago; Aevo: no order-book sample. 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 Kalshi live order book, 4 min ago	0.53 bp	6.4 bp −$6	7.1 bp −$71	10.5 bp −$1,051	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 43 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	66.178	−0.053%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.240	+0.041%	$151.4M	$161.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	+0.056%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.260	+0.071%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	+0.056%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.184	−0.044%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.194	−0.029%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0030%	1h	66.120	−0.140%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.214	+0.001%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.157	−0.085%	$5.3M	$12.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.282%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.230	+0.026%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.693	+0.725%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.218	+0.008%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.171	−0.063%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.220	+0.011%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERPlong	+0.0063%	24h	66.213	long leg	$547K	$24.5M	8.1x
Phoenix SILVER	+0.0084%	1h	66.303	+0.136%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0091%	1h	66.189	−0.036%	$165.7M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.166	−0.071%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.180	−0.050%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.177%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.216	+0.005%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0138%	4h	66.225	+0.018%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0141%	4h	66.240	+0.041%	$26.7M	$36.1M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.221	+0.013%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERPshort	+0.0176%	1h	66.231	+0.027%	$48K	—	10x
Variational Omni XAG	+0.0176%	4h	66.242	+0.044%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.231	+0.027%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.220	+0.011%	$110.5M	$151.8M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.220	+0.011%	$191.8M	$706.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.207%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.231%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.230	+0.026%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.266	+0.080%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0238%	1h	66.215	+0.002%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.199	−0.021%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.220	+0.011%	$23.8M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.264	+0.076%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.277	+0.097%	$400K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0331% / S −0.0342%	1h	66.255	+0.063%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	+0.011%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.208	−0.007%	$763K	$475K	25x	as long as short