Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.030%

Price spread now: Kalshi against KuCoin+0.041%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 7 days−0.128%−$13 · spread now +0.041%, 7d avg −0.044%

Together, before fees−0.258%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.086% dearer against KuCoin than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.044%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.129% in total) that is about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	65.250	0.0100	pay 0.0050% / 4h	30m 52s	$25.3M	$4.7M	75x
Short	Kalshi KXSILVERPERP	65.277	0.0079	get 0.0238% / 24h	6h 30m	$466K	$31.8M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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 KuCoinbpFee KalshibpOrdersPrice spread, now +0.041%Rate

Funding earned: −$4.36
Price spread: +0.041% → −0.044%: $8.56
Slippage, 4 orders: −$7.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$25.08
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Kalshi: 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 KuCoin live order book, 8 min ago	0.77 bp	8.4 bp −$8	16.0 bp −$160	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	0.46 bp	5.5 bp −$5	7.2 bp −$72	12.6 bp −$1,256	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
Hotstuff SILVER-PERP	−0.0056%	1h	65.295	+0.069%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0036%	1h	65.190	−0.092%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.242	−0.012%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.280	+0.046%	$27.7M	$39.3M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.293	+0.066%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.290	+0.061%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.350	+0.153%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.320	+0.107%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.241	−0.013%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.280	+0.046%	$2.7M	$928K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAGUSDT	+0.0026%	4h	65.270	+0.031%	$191.5M	$753.7M	100x	as long as short
MEXC SILVER_USDT	+0.0026%	4h	65.270	+0.031%	$120.7M	$157.7M	1000x	as long as short
Lighter RH XAG	+0.0032%	1h	65.262	+0.018%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.230	−0.030%	$5.0M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.762%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.300	+0.077%	$140.7M	$178.4M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	+0.123%	$786K	$2.9M	40x	as long as short
Aevo XAG-PERP	+0.0040%	1h	65.292	+0.065%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0044%	4h	65.324	+0.113%	$665K	$314K	30x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.290	+0.061%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.717	+0.716%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.230	−0.031%	$169.5M	$81.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.272	+0.034%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.244	−0.009%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.286	+0.056%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.316	+0.101%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERPshort	+0.0079%	24h	65.277	+0.041%	$466K	$31.8M	8.1x
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	+0.077%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.255	+0.008%	$464K	$611K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.250	long leg	$25.3M	$4.7M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.240	−0.015%	$111K	$19K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	65.320	+0.107%	$2.7M	$574K	100x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.315	+0.099%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.372	+0.187%	$384K	$1.6M	25x	as long as short
Lighter XAG	+0.0152%	1h	65.260	+0.015%	$5.3M	$11.1M	25x	as long as short
Bitget XAGUSDT	+0.0152%	4h	65.270	+0.031%	$23.2M	$44.7M	100x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.274	+0.037%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	65.280	+0.046%	$28.2M	$69.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0183%	1h	65.293	+0.066%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.255	+0.008%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.290	+0.061%	$65K	$391K	20x	as long as short
Bullet SILVER-USD	+0.0220%	1h	65.305	+0.084%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.305	+0.084%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.270	+0.030%	$1.0M	$868K	25x	as long as short