Funding you earn now, next payment 07:00 UTC+0.1134%/8h= +124.1% APRpaid last 24h −0.221%
Price spread now: Kraken Futures against BloFin+0.156%57s7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$206as 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−$1901.896% of the position
Funding, last 7 days−0.165%−$16 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.156%, 7d avg +0.153%
=The price spread sits at its 7-day average of +0.153%, so right now this pair is about funding alone: +$34 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.165%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.165% in total (about -8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RAY-USDT | 1.7496 | 0.0220 | pay 0.0220% / 8h | 1h 34m | $240K | $932K | 20x |
| Short | Kraken Futures PF_RAYUSD | 1.7523 | 0.1354 | get 0.0169% / 1h | 34m 16s | $86K | $379K | 10x |
BloFin RAY-USDT
Kraken Futures PF_RAYUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $238.04
- Price spread: +0.156% → +0.153%
- $0.36
- Slippage, 4 orders
- −$167.56
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $48.84
- Costs to cover
- 1.896%
- Break-even
- 5.6 days
Slippage from BloFin: live order book, 53 min ago; Kraken Futures: live order book, 9 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, 53 min ago | 3.74 bp | 23.8 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 9 min ago | 59.25 bp | 68.6 bp −$69 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.7499 | +0.018% | $3K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −6.104% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7497 | +0.006% | $4.2M | $12.9M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7508 | +0.069% | $547K | $1.2M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7500 | +0.023% | $1.9M | $820K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7506 | +0.057% | $2.6M | $4.0M | 25x | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7520 | +0.137% | $649K | $891K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7510 | +0.079% | $66K | $28K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7508 | +0.069% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.7508 | +0.069% | $12K | $91K | 20x | as long as short |
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-USD
SunX RAY-USDT
HTX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RAY | +0.0144% | 1h | 1.7528 | +0.183% | $243K | $314K | 5x | as long as short |
| BloFin RAY-USDTlong | +0.0220% | 8h | 1.7496 | long leg | $240K | $932K | 20x | |
| BingX RAY-USDT | +0.0820% | 4h | 1.7508 | +0.069% | — | $2.0M | — | as long as short |
| MEXC RAY_USDT | +0.0933% | 8h | 1.7516 | +0.114% | $11.7M | $2.6M | 100x | as long as short |
| Kraken Futures PF_RAYUSDshort | +0.1354% | 1h | 1.7523 | +0.156% | $86K | $379K | 10x | |
| Orderly PERP_RAY_USDC | +0.2312% | 4h | 1.7539 | +0.246% | $306K | $393K | 10x | as long as short |
Lighter RAY
BingX RAY-USDT
MEXC RAY_USDT
Orderly PERP_RAY_USDC