Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.030%

Price spread now: Kalshi against Pacifica+0.096%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Pacifica Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.096%, 7d avg −0.025%

Together, before fees−0.063%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.121% dearer against Pacifica than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	65.278	0.0100	pay 0.0013% / 1h	16m 28s	$465K	$574K	10x
Short	Kalshi KXSILVERPERP	65.340	0.0096	get 0.0288% / 24h	4h 16m	$641K	$37.2M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Pacifica. 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 PacificabpFee KalshibpOrdersPrice spread, now +0.096%Rate

Funding earned: −$0.87
Price spread: +0.096% → −0.025%: $12.08
Slippage, 4 orders: −$6.57
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$13.37
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Pacifica: live order book, 35 min ago; Kalshi: live order book, 6 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 Pacifica live order book, 35 min ago	1.30 bp	5.5 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 6 min ago	0.38 bp	6.7 bp −$7	8.1 bp −$81	11.9 bp −$1,185	doesn't fit

XAG on 44 exchanges

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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.035%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0003%	1h	65.240	−0.058%	$5.7M	$10.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.257	−0.032%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.370	+0.142%	$139.3M	$199.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.330	+0.080%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.320	+0.065%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	+0.096%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.302	+0.038%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.340	+0.096%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.284	+0.010%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.330	+0.080%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.775	+0.762%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.333	+0.085%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.250	−0.042%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.327	+0.076%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.330	+0.080%	$444K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.350	+0.111%	$1.6M	$1.7M	20x	as long as short
Variational Omni XAG	+0.0094%	4h	65.332	+0.083%	$5.7M	$9.2M	—	as long as short
Kalshi KXSILVERPERPshort	+0.0096%	24h	65.340	+0.096%	$641K	$37.2M	8.1x
Pacifica XAGlong	+0.0100%	1h	65.278	long leg	$465K	$574K	10x
KuCoin XAGUSDTM	+0.0100%	4h	65.310	+0.050%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	−0.012%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.288	+0.016%	$55K	$13K	25x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	65.289	+0.018%	$35K	$23K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	65.335	+0.088%	$174.1M	$93.0M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.323	+0.069%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.360	+0.126%	$119.6M	$166.7M	1000x	as long as short
Binance XAGUSDT	+0.0130%	4h	65.360	+0.126%	$193.0M	$835.0M	100x	as long as short
edgeX XAGUSDC	+0.0134%	4h	65.334	+0.086%	$666K	$315K	30x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.366	+0.135%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERP	+0.0182%	1h	65.274	−0.006%	$1.2M	$3.9M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0188%	4h	65.320	+0.065%	$394K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.338	+0.093%	$5.1M	$11.7M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.357	+0.122%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.290	+0.019%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.370	+0.142%	$27.9M	$82.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.306	+0.043%	$78K	$37K	10x	as long as short
Bybit XAGUSDT	+0.0222%	4h	65.380	+0.157%	$30.4M	$46.8M	150x	as long as short
Bitget XAGUSDT	+0.0246%	4h	65.370	+0.142%	$23.1M	$50.3M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0262% / S −0.0228%	1h	65.355	+0.119%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.270	−0.012%	$20K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0277%	1h	65.374	+0.148%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0370%	4h	65.310	+0.050%	$2.7M	$753K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0776%	1h	65.287	+0.015%	$1.0M	$937K	25x	as long as short