RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h −0.063%

Price spread now: Bullet against BingX+0.039%7-day average +0.033% · 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−$40as in the Price arb table

costs, in and out, $10k−$410.409% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.165%−$16 on $10k

Price spread, last 3 days (all we have)+0.483%+$48 · spread now +0.039%, 7d avg +0.033%

Together, before fees+0.319%+$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RAY-USDT	1.8107	0.0124	pay 0.0062% / 4h	9m 49s	—	$2.0M	—
Short	Bullet RAY-USD	1.8114	0.0100	get 0.0013% / 1h	9m 49s	$106K	$44K	10x

Funding history

latest

Range statsloading…

Bullet against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BingXbpFee BulletbpOrdersPrice spread, now +0.039%Rate

Slippage from BingX: live order book, 8 min ago; Bullet: live order book, 4 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 8 min ago	2.20 bp	14.4 bp −$14	40.0 bp −$400	334.8 bp −$33.5K	703.8 bp −$351.9K
Sell Bullet live order book, 4 min ago	0.28 bp	5.7 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit

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
Kraken Futures PF_RAYUSD	−0.2428%	1h	1.8070	−0.203%	$95K	$434K	10x	as long as short
MEXC RAY_USDT	−0.0044%	8h	1.8116	+0.050%	$13.0M	$2.5M	100x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8110	+0.017%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−9.273%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8089	−0.099%	$4.5M	$13.1M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8100	−0.039%	$562K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8105	−0.011%	$2.0M	$757K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8115	+0.044%	$2.6M	$3.6M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.8097	−0.056%	$709K	$1.0M	—	as long as short
Bullet RAY-USDshort	+0.0100%	1h	1.8114	+0.039%	$106K	$44K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	1.8137	+0.166%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8089	−0.099%	$15K	$118K	20x	as long as short
BingX RAY-USDTlong	+0.0124%	4h	1.8107	long leg	—	$2.0M	—
BloFin RAY-USDT	+0.0220%	8h	1.8092	−0.083%	$255K	$857K	20x	as long as short
Lighter RAY	+0.0352%	1h	1.8143	+0.199%	$285K	$260K	5x	as long as short
Orderly PERP_RAY_USDC	+0.0591%	4h	1.8135	+0.155%	$251K	$247K	10x	as long as short