RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0282%/8h= −30.9% APRpaid last 24h −0.066%

Price spread now: OKX against BingX−0.017%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$810.809% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.301%−$30 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.017%, 7d avg −0.008%

Together, before fees−0.241%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$8 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	1.8175	0.0382	pay 0.0191% / 4h	2h 51m	—	$2.0M	—
Short	OKX RAY-USDT-SWAP	1.8172	0.0100	get 0.0100% / 8h	2h 51m	$4.6M	$13.1M	20x

Funding history

latest

Range statsloading…

OKX 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 OKXbpOrdersPrice spread, now −0.017%Rate

Slippage from BingX: live order book, 11 min ago; OKX: live order book, 1 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, 11 min ago	2.17 bp	14.8 bp −$15	44.0 bp −$440	320.3 bp −$32.0K	686.7 bp −$343.3K
Sell OKX live order book, 1 min ago	3.30 bp	24.1 bp −$24	107.9 bp −$1,079	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	−0.0047%	1h	1.8182	+0.038%	$107K	$432K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8178	+0.015%	$1K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−9.612%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.8174	−0.006%	$13.6M	$2.5M	100x	as long as short
OKX RAY-USDT-SWAPshort	+0.0100%	8h	1.8172	−0.017%	$4.6M	$13.1M	20x
Gate RAY_USDT	+0.0100%	4h	1.8166	−0.050%	$582K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8184	+0.050%	$2.0M	$759K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8179	+0.022%	$2.6M	$3.3M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.8358	+1.009%	$724K	$1.1M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.8175	+0.002%	$107K	$46K	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	1.8174	−0.006%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8222	+0.259%	$15K	$155K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8233	+0.319%	$257K	$847K	20x	as long as short
Orderly PERP_RAY_USDC	+0.0312%	4h	1.8201	+0.143%	$252K	$232K	10x	as long as short
Lighter RAY	+0.0320%	1h	1.8216	+0.226%	$321K	$243K	5x	as long as short
BingX RAY-USDTlong	+0.0382%	4h	1.8175	long leg	—	$2.0M	—