Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.014%

Price spread now: Kalshi against Vest−0.629%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Kalshi is 0.629% cheaper against Vest than usual: you would sell low and buy high (spread −0.629% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$63 on $10k: about 4 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SI-PERP	66.762	0.0046	pay 0.0006% / 1h	13m 36s	—	—	25x
Short	Kalshi KXSILVERPERP	66.342	0.0062	get 0.0186% / 24h	12h 13m	$609K	$23.8M	8.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Vest. 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 VestbpFee KalshibpOrdersPrice spread, now −0.629%Rate

Funding earned: $3.43
Price spread: −0.629% → 0.000%: −$62.91
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$71.48
Costs to cover: 0.120%
Break-even: 152.8 days

Slippage unknown: Vest: no order-book sample; Kalshi: live order book, 5 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 5 min ago	0.08 bp	8.9 bp −$9	9.2 bp −$92	12.5 bp −$1,254	doesn't fit

Vest: 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 43 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	66.296	−0.698%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.350	−0.617%	$153.2M	$164.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.360	−0.602%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.400	−0.542%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.410	−0.527%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.299	−0.693%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.323	−0.657%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.281	−0.720%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.542%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	−0.527%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERPlong	+0.0046%	1h	66.762	long leg	—	—	25x
Ondo Perps XAG-USD.P	+0.0047%	1h	66.220	−0.812%	$5.7M	$9.6M	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	−0.539%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.286	−0.713%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.304	−0.686%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.310	−0.677%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERPshort	+0.0062%	24h	66.342	−0.629%	$609K	$23.8M	8.1x
RISEx XAG/USDC	+0.0079%	1h	66.330	−0.647%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.305	−0.685%	$165.9M	$76.2M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.296	−0.698%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.310	−0.677%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.350	−0.617%	$126K	$23K	50x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	66.316	−0.668%	$35K	$21K	20x	as long as short
Bybit XAGUSDT	+0.0131%	4h	66.330	−0.647%	$26.5M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0132%	4h	66.320	−0.662%	$2.7M	$942K	100x	as long as short
Paradex XAG-USD-PERP	+0.0137%	8h	66.338	−0.636%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0166%	4h	66.373	−0.583%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.358	−0.605%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.330	−0.647%	$102.7M	$158.6M	1000x	as long as short
Binance XAGUSDT	+0.0181%	4h	66.320	−0.662%	$192.1M	$706.6M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.527%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.332	−0.644%	$5.3M	$10.6M	25x	as long as short
edgeX XAGUSDC	+0.0197%	4h	66.404	−0.535%	$674K	$315K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0212%	8h	66.320	−0.662%	$28.0M	$65.7M	50x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.320	−0.662%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0225%	1h	66.306	−0.683%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0235%	1h	66.331	−0.646%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.320	−0.662%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.378	−0.575%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.377	−0.577%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.375	−0.580%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.323	−0.657%	$765K	$478K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.370	−0.587%	$50K	$325K	20x	as long as short