RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1771%/8h= −193.9% APRnext payment −$2.21 per $10,000 · paid last 24h −0.122%

Price spread now: Kraken Futures against gTrade (Gains Network)+0.423%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 Kraken Futures

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 pays, funding is against you. Kraken Futures is 0.423% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.423% now, against zero (this spread has no 7-day history yet)): +$42 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.8385	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	5m 39s	$2K	—	150x
Short	Kraken Futures PF_RAYUSD	1.8463	−0.1770	pay 0.0221% / 1h	5m 39s	$93K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.423%Rate

Funding earned: −$371.91
Price spread: +0.423% → 0.000%: $42.31
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$349.6
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	60.85 bp	68.9 bp −$69	doesn't fit	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_RAYUSDshort	−0.1770%	1h	1.8463	+0.423%	$93K	$440K	10x
gTrade (Gains Network) RAY/USDlong	L +0.0001% / S +0.0056%	1h	1.8385	long leg	$2K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−10.644%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8389	+0.022%	$4.6M	$13.3M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8391	+0.033%	$564K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8405	+0.109%	$2.0M	$770K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8399	+0.077%	$2.7M	$3.7M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8396	+0.060%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.8375	−0.056%	$720K	$1.0M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.8390	+0.030%	$69K	$66K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	1.8389	+0.022%	—	$2.5M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8416	+0.169%	$13K	$108K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8417	+0.175%	$258K	$879K	20x	as long as short
MEXC RAY_USDT	+0.0451%	8h	1.8404	+0.104%	$13.0M	$2.5M	100x	as long as short
Lighter RAY	+0.0488%	1h	1.8432	+0.256%	$275K	$285K	5x	as long as short
Orderly PERP_RAY_USDC	+0.0576%	4h	1.8406	+0.115%	$261K	$247K	10x	as long as short