RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.037%

Price spread now: OKX against BloFin+0.005%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$830.834% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.005%, 7d avg +0.008%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, 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	BloFin RAY-USDT	1.8514	0.0220	pay 0.0220% / 8h	7h 11m	$255K	$884K	20x
Short	OKX RAY-USDT-SWAP	1.8515	0.0100	get 0.0100% / 8h	7h 11m	$4.7M	$13.5M	20x

Funding history

latest

Range statsloading…

OKX against BloFin. 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 BloFinbpFee OKXbpOrdersPrice spread, now +0.005%Rate

Slippage from BloFin: live order book, 61 min ago; OKX: live order book, 2 min ago.

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, 61 min ago	0.55 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.70 bp	28.6 bp −$29	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
Kraken Futures PF_RAYUSD	−0.1759%	1h	1.8583	+0.373%	$94K	$440K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8513	−0.005%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−11.267%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.8505	−0.049%	$13.1M	$2.5M	100x	as long as short
OKX RAY-USDT-SWAPshort	+0.0100%	8h	1.8515	+0.005%	$4.7M	$13.5M	20x
Gate RAY_USDT	+0.0100%	4h	1.8515	+0.005%	$568K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8517	+0.016%	$2.0M	$771K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8526	+0.065%	$2.7M	$3.7M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.8504	−0.052%	$725K	$1.0M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.8521	+0.038%	$70K	$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	1.8524	+0.054%	—	$2.5M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8525	+0.059%	$13K	$109K	20x	as long as short
BloFin RAY-USDTlong	+0.0220%	8h	1.8514	long leg	$255K	$884K	20x
Lighter RAY	+0.0504%	1h	1.8543	+0.157%	$277K	$284K	5x	as long as short
Orderly PERP_RAY_USDC	+0.0577%	4h	1.8531	+0.092%	$263K	$247K	10x	as long as short
BingX RAY-USDT	+0.0618%	4h	1.8518	+0.022%	—	$2.0M	—	as long as short