Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.032%
Price spread now: Gate against BingX−0.005%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$2001.998% of the position
Funding, last 7 days−0.331%−$33 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.005%, 7d avg −0.015%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RAY-USDT | 1.8316 | 0.0100 | pay 0.0050% / 4h | 1h 02m | — | $2.0M | — |
| Short | Gate RAY_USDT | 1.8315 | 0.0100 | get 0.0050% / 4h | 1h 02m | $571K | $1.1M | 25x |
BingX RAY-USDT
Gate RAY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.005% → −0.015%
- $0.91
- Slippage, 4 orders
- −$174.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$198.91
- Costs to cover
- 1.998%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Gate: live order book, 4 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 BingX live order book, 10 min ago | 2.99 bp | 14.3 bp −$14 | 39.6 bp −$396 | 320.6 bp −$32.1K | 695.1 bp −$347.5K |
| Sell Gate live order book, 4 min ago | 7.08 bp | 77.3 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
RAY on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSD | −0.2302% | 1h | 1.8332 | +0.089% | $97K | $441K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.8313 | −0.015% | $2K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −10.308% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8289 | −0.147% | $4.6M | $13.2M | 20x | as long as short |
| Gate RAY_USDTshort | +0.0100% | 4h | 1.8315 | −0.005% | $571K | $1.1M | 25x | |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8320 | +0.022% | $2.0M | $742K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8304 | −0.066% | $2.6M | $3.5M | 25x | as long as short |
| BingX RAY-USDTlong | +0.0100% | 4h | 1.8316 | long leg | — | $2.0M | — | |
| Variational Omni RAY | +0.0100% | 4h | 1.8368 | +0.284% | $728K | $1.0M | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.8321 | +0.027% | $108K | $47K | 10x | as long as short |
Kraken Futures PF_RAYUSD
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
KuCoin RAYUSDTM
Bitget RAYUSDT
Variational Omni RAY
Bullet RAY-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX RAY-USDT | +0.0100% | 4h | 1.8339 | +0.126% | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.8319 | +0.016% | $15K | $130K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8308 | −0.044% | $259K | $863K | 20x | as long as short |
| Lighter RAY | +0.0224% | 1h | 1.8342 | +0.142% | $294K | $257K | 5x | as long as short |
| MEXC RAY_USDT | +0.0300% | 8h | 1.8306 | −0.055% | $13.3M | $2.6M | 100x | as long as short |
| Orderly PERP_RAY_USDC | +0.0542% | 4h | 1.8337 | +0.115% | $254K | $248K | 10x | as long as short |
SunX RAY-USDT
HTX RAY-USDT
BloFin RAY-USDT
Lighter RAY
MEXC RAY_USDT
Orderly PERP_RAY_USDC