RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.198%

Price spread now: Variational Omni against BingX+0.011%7-day average −0.009% · you sell dearer than you buy

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

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.309%−$31 on $10k

Price spread, last 7 days+0.028%+$3 · spread now +0.011%, 7d avg −0.009%

Together, before fees−0.281%+ Points / potential airdropVariational Omni: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: $0 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	1.8109	0.0112	pay 0.0056% / 4h	55m 59s	—	$2.0M	—
Short	Variational Omni RAY	1.8111	0.0100	get 0.0050% / 4h	55m 59s	$707K	$961K	—

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BingXbpFee Variational OmnibpOrdersPrice spread, now +0.011%Rate

Slippage unknown: BingX: live order book, 7 min ago; Variational Omni: RFQ quote, 23 min ago. Net counts fees only.

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, 7 min ago	2.22 bp	15.0 bp −$15	52.6 bp −$526	345.7 bp −$34.6K	607.7 bp −$303.8K
Sell Variational Omni RFQ quote, 23 min ago	6.01 bp	doesn't fit	59.3 bp −$593	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	−0.3782%	1h	1.8071	−0.209%	$91K	$449K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8100	−0.050%	$1K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−9.283%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8088	−0.116%	$4.5M	$13.0M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8101	−0.044%	$583K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8100	−0.050%	$1.9M	$780K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8104	−0.028%	$2.6M	$3.7M	25x	as long as short
Variational Omni RAYshort	+0.0100%	4h	1.8111	+0.011%	$707K	$961K	—
Bullet RAY-USD	+0.0100%	1h	1.8118	+0.050%	$68K	$66K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.8129	+0.110%	—	$2.4M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX RAY-USDT	+0.0100%	4h	1.8047	−0.342%	$13K	$90K	20x	as long as short
BingX RAY-USDTlong	+0.0112%	4h	1.8109	long leg	—	$2.0M	—
BloFin RAY-USDT	+0.0220%	8h	1.7974	−0.745%	$254K	$871K	20x	as long as short
MEXC RAY_USDT	+0.0305%	8h	1.8095	−0.077%	$12.5M	$2.4M	100x	as long as short
Lighter RAY	+0.0616%	1h	1.8134	+0.138%	$265K	$306K	5x	as long as short
Orderly PERP_RAY_USDC	+0.0878%	4h	1.8150	+0.226%	$325K	$400K	10x	as long as short