RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.063%

Price spread now: BingX against Bullet−0.049%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$440.436% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.168%+$17 on $10k

Price spread, last 3 days (all we have)−1.166%−$117 · spread now −0.049%, 7d avg −0.036%

Together, before fees−0.997%−$100 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet RAY-USD	1.8329	0.0100	pay 0.0013% / 1h	55m 43s	$108K	$46K	10x
Short	BingX RAY-USDT	1.8320	0.0488	get 0.0244% / 4h	2h 55m	—	$2.0M	—

Funding history

latest

Range statsloading…

BingX against Bullet. 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 BulletbpFee BingXbpOrdersPrice spread, now −0.049%Rate

Slippage from Bullet: live order book, 33 min ago; BingX: live order book, 7 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bullet live order book, 33 min ago	1.62 bp	7.2 bp −$7	13.5 bp −$135	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	2.17 bp	15.3 bp −$15	37.6 bp −$376	279.0 bp −$27.9K	608.2 bp −$304.1K

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	1.8334	+0.028%	$108K	$433K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8325	−0.022%	$1K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−10.372%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8350	+0.115%	$4.6M	$13.2M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8316	−0.071%	$589K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8330	+0.005%	$2.1M	$758K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8328	−0.005%	$2.6M	$3.3M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.8403	+0.403%	$698K	$1.0M	—	as long as short
Bullet RAY-USDlong	+0.0100%	1h	1.8329	long leg	$108K	$46K	10x
SunX RAY-USDT	+0.0100%	4h	1.8356	+0.147%	—	$2.6M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX RAY-USDT	+0.0100%	4h	1.8326	−0.016%	$15K	$155K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8356	+0.147%	$259K	$851K	20x	as long as short
Orderly PERP_RAY_USDC	+0.0299%	4h	1.8352	+0.125%	$256K	$230K	10x	as long as short
MEXC RAY_USDT	+0.0364%	8h	1.8341	+0.065%	$13.7M	$2.5M	100x	as long as short
Lighter RAY	+0.0472%	1h	1.8382	+0.289%	$330K	$237K	5x	as long as short
BingX RAY-USDTshort	+0.0488%	4h	1.8320	−0.049%	—	$2.0M	—