Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.054%

Price spread now: Nado against Kalshi+0.020%7-day average +0.078% · 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−$27as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Kalshi Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 7 days+0.059%+$6 · spread now +0.020%, 7d avg +0.078%

Together, before fees+0.143%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.057% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.078%). If the spread goes back, that is −$6 on $10k: about 2.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSILVERPERP	65.678	0.0076	pay 0.0229% / 24h	8h 07m	$448K	$28.9M	8.1x
Short	Nado XAG-PERP	65.691	0.0152	get 0.0019% / 1h	7m 33s	$1.3M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.020%Rate

Funding earned: $15.91
Price spread: +0.020% → +0.078%: −$5.75
Slippage, 4 orders: −$3.97
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$10.8
Costs to cover: 0.210%
Break-even: 11.8 days

Slippage from Kalshi: live order book, 1 min ago; Nado: 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 Kalshi live order book, 1 min ago	0.69 bp	5.9 bp −$6	7.5 bp −$75	11.1 bp −$1,113	doesn't fit
Sell Nado live order book, 1 min ago	0.08 bp	5.6 bp −$6	8.7 bp −$87	33.1 bp −$3,311	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
Ondo Perps XAG-USD.P	−0.0002%	1h	65.660	−0.027%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.698	+0.030%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.700	+0.033%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.740	+0.094%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	+0.018%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.649	−0.044%	$119K	—	250x	as long as short
Hibachi XAG/USDT-P	+0.0016%	1h	65.584	−0.142%	$20K	$19K	10x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.751	+0.112%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.743	+0.100%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.702	+0.036%	$5.2M	$11.7M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.099%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0036%	4h	65.770	+0.140%	$144.7M	$180.5M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.648	−0.046%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.620	−0.088%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.128	+0.685%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.670	−0.012%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.641	−0.056%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.730	+0.079%	$157K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0063%	8h	65.739	+0.093%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERPlong	+0.0076%	24h	65.678	long leg	$448K	$28.9M	8.1x
tradeXYZ xyz:SILVER	+0.0078%	1h	65.724	+0.070%	$171.2M	$82.2M	25x	as long as short
Aster XAGUSDT	+0.0083%	4h	65.750	+0.110%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.702	+0.036%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.710	+0.049%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.580	−0.149%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0113%	4h	65.780	+0.155%	$28.8M	$39.2M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.144%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.742	+0.097%	$5.4M	$11.4M	25x	as long as short
Binance XAGUSDT	+0.0133%	4h	65.750	+0.110%	$189.6M	$745.5M	100x	as long as short
MEXC SILVER_USDT	+0.0134%	4h	65.750	+0.110%	$113.1M	$161.9M	1000x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.698	+0.030%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0147%	4h	65.560	−0.179%	$667K	$312K	30x	as long as short
Nado XAG-PERPshort	+0.0152%	1h	65.691	+0.020%	$1.3M	$5.5M	10x
Hotstuff SILVER-PERP	+0.0168%	1h	65.708	+0.046%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.660	−0.027%	$1.6M	$1.3M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.690	+0.018%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.547	−0.200%	$79K	$37K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	65.644	−0.051%	$398K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.750	+0.110%	$28.0M	$70.3M	50x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.760	+0.125%	$24.0M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0241%	1h	65.712	+0.052%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.705	+0.041%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0377%	4h	65.680	+0.003%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.675	−0.004%	$916K	$735K	25x	as long as short