Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%
Price spread now: Injective against gTrade (Gains Network)−5.563%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Funding pays, the price is against you. Injective is 5.563% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −5.563% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$556 on $10k: about 19 months of funding at the current rate (+$1 a day). The two prices were read 55 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 | gTrade (Gains Network) RAY/USD | 1.7396 | L +0.0001% / S +0.0056% | pay 0.0000% / 1h | 23m 46s | $430 | — | 150x |
| Short | Injective RAY/USDC PERP | 1.6428 | 0.0033 | get 0.0004% / 1h | 23m 46s | $266 | $25 | 5.5x |
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.88
- Price spread: −5.563% → 0.000%
- −$556.34
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$559.48
- Costs to cover
- 0.100%
- Break-even
- 575.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Injective: 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and Injective: 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 | −0.1583% | 1h | 1.7461 | +0.375% | $86K | $398K | 10x | as long as short |
| gTrade (Gains Network) RAY/USDlong | L +0.0001% / S +0.0056% | 1h | 1.7396 | long leg | $430 | — | 150x | |
| Injective RAY/USDC PERPshort | +0.0033% | 1h | 1.6428 | −5.563% | $266 | $25 | 5.5x | |
| MEXC RAY_USDT | +0.0050% | 8h | 1.7408 | +0.070% | $11.7M | $2.6M | 100x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7380 | −0.091% | $4.2M | $12.9M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7410 | +0.082% | $543K | $1.2M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7404 | +0.047% | $1.9M | $830K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7406 | +0.059% | $2.6M | $4.1M | 25x | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7335 | −0.349% | $668K | $870K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7411 | +0.089% | $65K | $66K | 10x | as long as short |
Kraken Futures PF_RAYUSD
MEXC RAY_USDT
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
Variational Omni RAY
Bullet RAY-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX RAY-USDT | +0.0100% | 4h | 1.7393 | −0.016% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.7408 | +0.070% | $13K | $91K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.7364 | −0.183% | $242K | $925K | 20x | as long as short |
| Lighter RAY | +0.0504% | 1h | 1.7445 | +0.283% | $245K | $310K | 5x | as long as short |
| BingX RAY-USDT | +0.0694% | 4h | 1.7408 | +0.070% | — | $2.0M | — | as long as short |
| Orderly PERP_RAY_USDC | +0.1923% | 4h | 1.7461 | +0.375% | $313K | $391K | 10x | as long as short |
SunX RAY-USDT
HTX RAY-USDT
BloFin RAY-USDT
Lighter RAY
BingX RAY-USDT
Orderly PERP_RAY_USDC