RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0156%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.016%

Price spread now: gTrade (Gains Network) against Bullet−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and gTrade (Gains Network) is 0.043% cheaper against Bullet than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet RAY-USD	1.8248	0.0100	pay 0.0013% / 1h	10m 39s	$107K	$47K	10x
Short	gTrade (Gains Network) RAY/USD	1.8240	L +0.0001% / S +0.0056%	pay 0.0007% / 1h	10m 39s	$2K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bullet. 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 BulletbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.043%Rate

Funding earned: −$32.67
Price spread: −0.043% → 0.000%: −$4.33
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$55
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bullet: live order book, 8 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Bullet live order book, 8 min ago	1.62 bp	6.7 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2322%	1h	1.8181	−0.371%	$96K	$443K	10x	as long as short
MEXC RAY_USDT	−0.0256%	8h	1.8257	+0.047%	$13.3M	$2.5M	100x	as long as short
gTrade (Gains Network) RAY/USDshort	L +0.0001% / S +0.0056%	1h	1.8240	−0.043%	$2K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−9.976%	$266	$25	5.5x	as long as short
Lighter RAY	+0.0096%	1h	1.8307	+0.321%	$294K	$257K	5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8259	+0.058%	$4.6M	$13.2M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8259	+0.058%	$570K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8263	+0.080%	$2.0M	$762K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8276	+0.151%	$2.6M	$3.5M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8274	+0.140%	—	$2.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RAY	+0.0100%	4h	1.8430	+0.994%	$732K	$1.0M	—	as long as short
Bullet RAY-USDlong	+0.0100%	1h	1.8248	long leg	$107K	$47K	10x
SunX RAY-USDT	+0.0100%	4h	1.8303	+0.299%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8234	−0.079%	$15K	$132K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8260	+0.064%	$257K	$860K	20x	as long as short
Orderly PERP_RAY_USDC	+0.0513%	4h	1.8277	+0.157%	$253K	$248K	10x	as long as short