Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.064%
Price spread now: MEXC against Bitget+0.006%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$620.615% of the position
Funding, last 7 days−0.738%−$74 on $10k
+Price spread, last 7 days−0.034%−$3 · spread now +0.006%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$2 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 | 1.7832 | 0.0100 | pay 0.0050% / 4h | 3h 13m | $2.6M | $3.8M | 25x |
| Short | MEXC RAY_USDT | 1.7833 | 0.0050 | get 0.0050% / 8h | 3h 13m | $12.3M | $2.5M | 100x |
Bitget RAYUSDT
MEXC RAY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bitget. 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
- −$10.5
- Price spread: +0.006% → −0.001%
- $0.67
- Slippage, 4 orders
- −$45.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$71.33
- Costs to cover
- 0.615%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 5 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 Bitget live order book, 5 min ago | 3.92 bp | 26.5 bp −$26 | 78.9 bp −$789 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 3.36 bp | 8.2 bp −$8 | 42.8 bp −$428 | 116.7 bp −$11.7K | 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 | −0.2692% | 1h | 1.7829 | −0.019% | $89K | $393K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.7830 | −0.011% | $1K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −7.873% | $266 | $25 | 5.5x | as long as short |
| MEXC RAY_USDTshort | +0.0050% | 8h | 1.7833 | +0.006% | $12.3M | $2.5M | 100x | |
| Lighter RAY | +0.0096% | 1h | 1.7849 | +0.095% | $254K | $304K | 5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7818 | −0.079% | $4.3M | $12.7M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7851 | +0.107% | $580K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7836 | +0.022% | $1.9M | $785K | 50x | as long as short |
| Bitget RAYUSDTlong | +0.0100% | 4h | 1.7832 | long leg | $2.6M | $3.8M | 25x | |
| BingX RAY-USDT | +0.0100% | 4h | 1.7844 | +0.067% | — | $2.0M | — | as long as short |
Kraken Futures PF_RAYUSD
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
Lighter RAY
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
BingX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RAY | +0.0100% | 4h | 1.7842 | +0.055% | $692K | $866K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7825 | −0.039% | $67K | $66K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7825 | −0.039% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.7843 | +0.062% | $13K | $91K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.7815 | −0.095% | $248K | $930K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.1619% | 4h | 1.7858 | +0.146% | $320K | $400K | 10x | as long as short |
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDT
BloFin RAY-USDT
Orderly PERP_RAY_USDC