Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h +0.064%

Price spread now: Bitget against Kalshi+0.080%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Kalshi Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.080%, 7d avg +0.116%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.036% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.080% now, against its 7-day average of +0.116%). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.117% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSILVERPERP	66.357	0.0061	pay 0.0182% / 24h	12h 36m	$563K	$23.2M	8.1x
Short	Bitget XAGUSDT	66.410	0.0226	get 0.0113% / 4h	2h 36m	$24.0M	$46.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.080%Rate

Funding earned: $34.72
Price spread: +0.080% → +0.116%: −$3.61
Slippage, 4 orders: −$7.04
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $2.07
Costs to cover: 0.290%
Break-even: 6.6 days

Slippage from Kalshi: live order book, 3 min ago; Bitget: live order book, 3 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 Kalshi live order book, 3 min ago	0.30 bp	7.3 bp −$7	7.8 bp −$78	11.9 bp −$1,188	doesn't fit
Sell Bitget live order book, 3 min ago	0.75 bp	7.8 bp −$8	9.7 bp −$97	15.6 bp −$1,559	41.2 bp −$20.6K

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	66.294	−0.094%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.420	+0.095%	$153.4M	$162.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	+0.110%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	+0.140%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	+0.125%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.350	−0.011%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.400	+0.064%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.349	−0.012%	$5.4M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.065%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.420	+0.095%	$799K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.845	+0.735%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	+0.084%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.384	+0.041%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.348	−0.014%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.116%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.400	+0.065%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERPlong	+0.0061%	24h	66.357	long leg	$563K	$23.2M	8.1x
RISEx XAG/USDC	+0.0079%	1h	66.403	+0.069%	$1.2M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0088%	4h	66.440	+0.125%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.381	+0.036%	$165.7M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.342	−0.023%	$472K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.380	+0.035%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.470	+0.170%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.321%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0114%	4h	66.374	+0.025%	$2.7M	$967K	100x	as long as short
Paradex XAG-USD-PERP	+0.0123%	8h	66.374	+0.026%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0140%	4h	66.405	+0.072%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.416	+0.089%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.410	+0.080%	$102.3M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0154%	4h	66.430	+0.110%	$192.7M	$708.2M	100x	as long as short
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.236%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0168%	1h	66.412	+0.083%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.246%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0198%	8h	66.410	+0.080%	$28.0M	$66.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.408	+0.077%	$80K	$38K	10x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.368	+0.017%	$35K	$21K	20x	as long as short
Bitget XAGUSDTshort	+0.0226%	4h	66.410	+0.080%	$24.0M	$46.1M	100x
Nado XAG-PERP	+0.0229%	1h	66.323	−0.051%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.254%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.302	−0.083%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.416	+0.089%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.425	+0.102%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	+0.065%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.375	+0.028%	$765K	$475K	25x	as long as short