RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0170%/8h= −18.6% APRnext payment −$1.70 per $10,000 · paid last 24h −0.077%

Price spread now: MEXC against BloFin0.000%109s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as 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−$590.586% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.812%−$81 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now 0.000%, 7d avg +0.049%

Together, before fees−0.916%−$92 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.049% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.049%). Swap the legs. The two prices were read 109 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	1.7890	0.0220	pay 0.0220% / 8h	5h 39m	$253K	$863K	20x
Short	MEXC RAY_USDT	1.7890	0.0050	get 0.0050% / 8h	5h 39m	$12.5M	$2.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$35.7
Price spread: 0.000% → +0.049%: −$4.93
Slippage, 4 orders: −$42.65
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$99.28
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; MEXC: 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, 3 min ago	2.23 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	4.21 bp	8.5 bp −$9	43.8 bp −$438	121.6 bp −$12.2K	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	1.7884	−0.032%	$1K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−8.172%	$266	$25	5.5x	as long as short
MEXC RAY_USDTshort	+0.0050%	8h	1.7890	0.000%	$12.5M	$2.4M	100x
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7885	−0.028%	$4.5M	$12.8M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7898	+0.045%	$555K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7900	+0.056%	$1.9M	$774K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7894	+0.022%	$2.6M	$3.7M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7899	+0.050%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7900	+0.056%	$699K	$978K	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.7890	+0.001%	$67K	$66K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	1.7909	+0.106%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7929	+0.218%	$13K	$93K	20x	as long as short
Lighter RAY	+0.0216%	1h	1.7927	+0.207%	$264K	$285K	5x	as long as short
BloFin RAY-USDTlong	+0.0220%	8h	1.7890	long leg	$253K	$863K	20x
Orderly PERP_RAY_USDC	+0.0559%	4h	1.7895	+0.028%	$218K	$285K	10x	as long as short
Kraken Futures PF_RAYUSD	+0.0780%	1h	1.7841	−0.273%	$89K	$451K	10x	as long as short