RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%

Price spread now: Bullet against gTrade (Gains Network)+0.008%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Bullet

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.8276	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	9m 55s	$2K	—	150x
Short	Bullet RAY-USD	1.8278	0.0100	get 0.0013% / 1h	9m 55s	$107K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BulletbpOrdersPrice spread, now +0.008%Rate

Funding earned: $20.88
Price spread: +0.008% → 0.000%: $0.81
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: $3.69
Costs to cover: 0.180%
Break-even: 5.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bullet: live order book, 9 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bullet live order book, 9 min ago	1.62 bp	7.3 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit

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	−0.2315%	1h	1.8230	−0.257%	$96K	$443K	10x	as long as short
MEXC RAY_USDT	−0.0256%	8h	1.8289	+0.068%	$13.4M	$2.6M	100x	as long as short
gTrade (Gains Network) RAY/USDlong	L +0.0001% / S +0.0056%	1h	1.8276	long leg	$2K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−10.114%	$266	$25	5.5x	as long as short
Lighter RAY	+0.0096%	1h	1.8306	+0.161%	$294K	$257K	5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8285	+0.047%	$4.6M	$13.2M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8271	−0.030%	$570K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8278	+0.008%	$2.0M	$762K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8295	+0.101%	$2.7M	$3.5M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8281	+0.025%	—	$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	1.8301	+0.134%	$730K	$1.0M	—	as long as short
Bullet RAY-USDshort	+0.0100%	1h	1.8278	+0.008%	$107K	$47K	10x
SunX RAY-USDT	+0.0100%	4h	1.8280	+0.019%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8262	−0.079%	$15K	$132K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8260	−0.090%	$257K	$860K	20x	as long as short
Orderly PERP_RAY_USDC	+0.0518%	4h	1.8297	+0.112%	$253K	$248K	10x	as long as short