Funding you earn now, next payment 02:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.018%
Price spread now: Hotstuff against Kalshi−0.023%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 −$2 a day on $10k at the current rate, and Hotstuff is 0.023% cheaper against Kalshi than usual: you would sell low and buy high (−$2 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 | Kalshi KXSILVERPERP | 66.384 | 0.0059 | pay 0.0178% / 24h | 12h 57m | $549K | $23.0M | 8.1x |
| Short | Hotstuff SILVER-PERP | 66.369 | 0 | get 0.0000% / 1h | 57m 13s | $35K | $21K | 20x |
Kalshi KXSILVERPERP
Hotstuff SILVER-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Kalshi. 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
- −$12.44
- Price spread: −0.023% → 0.000%
- −$2.26
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$29.7
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 2 min ago; Hotstuff: 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, 2 min ago | 0.23 bp | 7.5 bp −$8 | 8.0 bp −$80 | 11.6 bp −$1,159 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | 66.325 | −0.089% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.460 | +0.114% | $25.9M | $35.7M | 150x | as long as short |
| Hotstuff SILVER-PERPshort | 0.0000% | 1h | 66.369 | −0.023% | $35K | $21K | 20x | |
| Gate XAG_USDT | 0.0000% | 4h | 66.440 | +0.084% | $154.2M | $159.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.420 | +0.054% | $2K | $2.9M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.430 | +0.069% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.470 | +0.130% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.348 | −0.054% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.430 | +0.069% | $4.8M | $9.3M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.350 | −0.052% | $5.4M | $12.5M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0033% | 1h | 66.320 | −0.096% | $5.7M | $9.5M | 25x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.024% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.450 | +0.099% | $799K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.852 | +0.705% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.369 | −0.023% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.390 | +0.009% | $3.9M | $669K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.342 | −0.063% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.410 | +0.039% | $115K | $2.8M | 20x | as long as short |
| Kalshi KXSILVERPERPlong | +0.0059% | 24h | 66.384 | long leg | $549K | $23.0M | 8.1x | |
| RISEx XAG/USDC | +0.0079% | 1h | 66.424 | +0.061% | $1.2M | $4.3M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0090% | 1h | 66.395 | +0.017% | $165.7M | $85.2M | 25x | as long as short |
| Aster XAGUSDT | +0.0096% | 4h | 66.410 | +0.039% | $2.8M | $1.0M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.371 | −0.020% | $473K | $611K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.380 | −0.006% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.390 | +0.009% | $126K | $23K | 50x | as long as short |
| Variational Omni XAG | +0.0108% | 4h | 66.543 | +0.240% | $5.6M | $9.8M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0112% | 8h | 66.414 | +0.045% | $30K | $1K | 5x | as long as short |
| edgeX XAGUSDC | +0.0123% | 4h | 66.509 | +0.188% | $675K | $316K | 30x | as long as short |
| MEXC SILVER_USDT | +0.0124% | 4h | 66.420 | +0.054% | $108.1M | $156.0M | 1000x | as long as short |
| Binance XAGUSDT | +0.0126% | 4h | 66.440 | +0.085% | $193.2M | $714.8M | 100x | as long as short |
| Aevo XAG-PERP | +0.0128% | 1h | 66.406 | +0.033% | $48K | — | 10x | as long as short |
| BloFin XAG-USDT | +0.0158% | 4h | 66.470 | +0.130% | $2.6M | $663K | 100x | as long as short |
| Lighter XAG | +0.0160% | 1h | 66.422 | +0.057% | $5.3M | $10.4M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.380 | −0.006% | $1.9M | $962K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0190% | 4h | 66.454 | +0.106% | $402K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0194% | 8h | 66.420 | +0.054% | $28.0M | $66.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0198% | 4h | 66.440 | +0.084% | $24.5M | $46.4M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0207% | 1h | 66.441 | +0.086% | $80K | $39K | 10x | as long as short |
| Nado XAG-PERP | +0.0247% | 1h | 66.373 | −0.017% | $1.3M | $6.5M | 10x | as long as short |
| Bullet SILVER-USD | +0.0255% | 1h | 66.431 | +0.071% | $45K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.425 | +0.062% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.371 | −0.020% | $20K | $22K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0353% | 1h | 66.400 | +0.024% | $50K | $331K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0462% | 1h | 66.377 | −0.011% | $765K | $552K | 25x | as long as short |
Ondo Perps XAG-USD.P
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
RISEx XAG/USDC
tradeXYZ xyz:SILVER
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
edgeX XAGUSDC
MEXC SILVER_USDT
Binance XAGUSDT
Aevo XAG-PERP
BloFin XAG-USDT
Lighter XAG
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Aftermath Perps XAGUSD
Nado XAG-PERP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD