Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.034%
Price spread now: BingX against BloFin+0.334%96s7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$730.726% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 3 days (all we have)−0.389%−$39 · spread now +0.334%, 7d avg +0.042%
=The price spread pays, funding is against you. BingX is 0.293% dearer against BloFin than usual: you sell high and buy low (spread +0.334% now, against its 7-day average of +0.042%): +$29 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 8.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RAY-USDT | 1.8241 | 0.0220 | pay 0.0220% / 8h | 2h 47m | $259K | $847K | 20x |
| Short | BingX RAY-USDT | 1.8302 | 0.0100 | get 0.0050% / 4h | 2h 47m | — | $2.0M | — |
BloFin RAY-USDT
BingX RAY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$25.2
- Price spread: +0.334% → +0.042%
- $29.28
- Slippage, 4 orders
- −$50.57
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$68.49
- Costs to cover
- 0.726%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 39 min ago; BingX: live order book, 15 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 BloFin live order book, 39 min ago | 4.87 bp | 22.9 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 2.17 bp | 15.3 bp −$15 | 37.6 bp −$376 | 279.0 bp −$27.9K | 608.2 bp −$304.1K |
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 | −0.0047% | 1h | 1.8272 | +0.171% | $108K | $432K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.8274 | +0.183% | $1K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −9.939% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8290 | +0.269% | $4.6M | $13.2M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.8308 | +0.367% | $586K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8311 | +0.384% | $2.1M | $758K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8295 | +0.296% | $2.6M | $3.4M | 25x | as long as short |
| BingX RAY-USDTshort | +0.0100% | 4h | 1.8302 | +0.334% | — | $2.0M | — | |
| Variational Omni RAY | +0.0100% | 4h | 1.8228 | −0.074% | $717K | $1.1M | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.8269 | +0.154% | $107K | $46K | 10x | as long as short |
Kraken Futures PF_RAYUSD
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
Variational Omni RAY
Bullet RAY-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX RAY-USDT | +0.0100% | 4h | 1.8267 | +0.143% | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.8235 | −0.033% | $15K | $154K | 20x | as long as short |
| BloFin RAY-USDTlong | +0.0220% | 8h | 1.8241 | long leg | $259K | $847K | 20x | |
| Orderly PERP_RAY_USDC | +0.0326% | 4h | 1.8294 | +0.291% | $253K | $235K | 10x | as long as short |
| Lighter RAY | +0.0344% | 1h | 1.8335 | +0.515% | $321K | $246K | 5x | as long as short |
| MEXC RAY_USDT | +0.0414% | 8h | 1.8311 | +0.384% | $13.6M | $2.5M | 100x | as long as short |
SunX RAY-USDT
HTX RAY-USDT
Orderly PERP_RAY_USDC
Lighter RAY
MEXC RAY_USDT