Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.035%
Price spread now: MEXC against Bullet+0.071%45s7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.268% of the position
Funding, last 3 days (all we have)+0.063%+$6 on $10k
+Price spread, last 3 days (all we have)−0.514%−$51 · spread now +0.071%, 7d avg −0.027%
=The price spread pays, funding is against you. MEXC is 0.098% dearer against Bullet than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.027%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.5 days. Mind the row above: over the last 3 days funding on this pair paid +0.063%, so the current rate has only just turned against you. The two prices were read 45 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 | Bullet RAY-USD | 1.8037 | 0.0100 | pay 0.0013% / 1h | 38m 35s | $106K | $44K | 10x |
| Short | MEXC RAY_USDT | 1.8050 | 0.0050 | get 0.0050% / 8h | 7h 38m | $12.8M | $2.5M | 100x |
Bullet RAY-USD
MEXC RAY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bullet. 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
- −$10.5
- Price spread: +0.071% → −0.027%
- $9.82
- Slippage, 4 orders
- −$14.78
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$27.46
- Costs to cover
- 0.268%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 35 min ago; MEXC: live order book, 5 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 Bullet live order book, 35 min ago | 0.28 bp | 5.9 bp −$6 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.78 bp | 7.4 bp −$7 | 52.2 bp −$522 | 114.8 bp −$11.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSD | −0.1819% | 1h | 1.7968 | −0.383% | $95K | $434K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.8030 | −0.042% | $2K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −8.921% | $266 | $25 | 5.5x | as long as short |
| MEXC RAY_USDTshort | +0.0050% | 8h | 1.8050 | +0.071% | $12.8M | $2.5M | 100x | |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8064 | +0.149% | $4.6M | $13.1M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.8041 | +0.021% | $562K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8036 | −0.006% | $2.0M | $763K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8069 | +0.177% | $2.6M | $3.6M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.8048 | +0.060% | — | $2.0M | — | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7990 | −0.263% | $705K | $1.0M | — | as long as short |
Kraken Futures PF_RAYUSD
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDT
Variational Omni RAYShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet RAY-USDlong | +0.0100% | 1h | 1.8037 | long leg | $106K | $44K | 10x | |
| SunX RAY-USDT | +0.0100% | 4h | 1.8049 | +0.066% | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.8006 | −0.173% | $15K | $111K | 20x | as long as short |
| Lighter RAY | +0.0128% | 1h | 1.8072 | +0.193% | $274K | $279K | 5x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8028 | −0.051% | $256K | $861K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.0548% | 4h | 1.8055 | +0.099% | $250K | $242K | 10x | as long as short |
SunX RAY-USDT
HTX RAY-USDT
Lighter RAY
BloFin RAY-USDT
Orderly PERP_RAY_USDC