RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.002%

Price spread now: BloFin against Bitget−0.033%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$700.697% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.033%, 7d avg −0.048%

Together, before fees+0.206%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget RAYUSDT	1.8211	0.0100	pay 0.0050% / 4h	2h 14m	$2.6M	$3.3M	25x
Short	BloFin RAY-USDT	1.8205	0.0220	get 0.0220% / 8h	2h 14m	$256K	$851K	20x

Funding history

latest

Range statsloading…

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.033%Rate

Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 7 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	4.39 bp	21.5 bp −$21	50.0 bp −$500	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	1.10 bp	15.1 bp −$15	doesn't fit	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
MEXC RAY_USDT	−0.0065%	8h	1.8204	−0.038%	$13.5M	$2.5M	100x	as long as short
Kraken Futures PF_RAYUSD	−0.0047%	1h	1.8187	−0.134%	$107K	$433K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8201	−0.056%	$1K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−9.791%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8197	−0.077%	$4.6M	$13.2M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8192	−0.104%	$577K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8210	−0.005%	$2.0M	$761K	50x	as long as short
Bitget RAYUSDTlong	+0.0100%	4h	1.8211	long leg	$2.6M	$3.3M	25x
BingX RAY-USDT	+0.0100%	4h	1.8198	−0.071%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.8223	+0.067%	$716K	$1.1M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet RAY-USD	+0.0100%	1h	1.8198	−0.070%	$107K	$46K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.8204	−0.038%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8220	+0.049%	$15K	$146K	20x	as long as short
BloFin RAY-USDTshort	+0.0220%	8h	1.8205	−0.033%	$256K	$851K	20x
Orderly PERP_RAY_USDC	+0.0406%	4h	1.8214	+0.016%	$252K	$250K	10x	as long as short
Lighter RAY	+0.0608%	1h	1.8236	+0.137%	$300K	$266K	5x	as long as short