RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0248%/8h= −27.2% APRpaid last 24h −0.113%

Price spread now: MEXC against BingX+0.022%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.406% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.993%−$99 on $10k

Price spread, last 7 days+0.052%+$5 · spread now +0.022%, 7d avg +0.015%

Together, before fees−0.941%−$94 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$7 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	1.8125	0.0298	pay 0.0149% / 4h	30m 09s	—	$2.0M	—
Short	MEXC RAY_USDT	1.8129	0.0050	get 0.0050% / 8h	30m 09s	$13.0M	$2.5M	100x

Funding history

latest

Range statsloading…

MEXC 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 MEXCbpOrdersPrice spread, now +0.022%Rate

Slippage from BingX: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	2.20 bp	14.3 bp −$14	45.0 bp −$450	326.3 bp −$32.6K	755.2 bp −$377.6K
Sell MEXC live order book, 3 min ago	1.93 bp	6.0 bp −$6	38.2 bp −$382	105.1 bp −$10.5K	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	−0.2422%	1h	1.8118	−0.041%	$96K	$437K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8130	+0.025%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−9.363%	$266	$25	5.5x	as long as short
MEXC RAY_USDTshort	+0.0050%	8h	1.8129	+0.022%	$13.0M	$2.5M	100x
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8120	−0.028%	$4.6M	$13.1M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8106	−0.105%	$563K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8121	−0.022%	$2.0M	$751K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8136	+0.061%	$2.6M	$3.6M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.8096	−0.160%	$710K	$1.0M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.8139	+0.077%	$107K	$45K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	1.8108	−0.094%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8085	−0.221%	$15K	$122K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8094	−0.171%	$259K	$853K	20x	as long as short
BingX RAY-USDTlong	+0.0298%	4h	1.8125	long leg	—	$2.0M	—
Lighter RAY	+0.0456%	1h	1.8147	+0.121%	$288K	$255K	5x	as long as short
Orderly PERP_RAY_USDC	+0.0606%	4h	1.8150	+0.138%	$251K	$247K	10x	as long as short