Funding you earn now, next payment 09:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.024%
Price spread now: KuCoin against gTrade (Gains Network)−0.021%60s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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. KuCoin is 0.021% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day). The two prices were read 60 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 | 1.7779 | L +0.0001% / S +0.0056% | pay 0.0000% / 1h | 45m 12s | $3K | — | 150x |
| Short | KuCoin RAYUSDTM | 1.7775 | 0.0100 | get 0.0050% / 4h | 3h 45m | $1.8M | $827K | 50x |
gTrade (Gains Network) RAY/USD
KuCoin RAYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $20.88
- Price spread: −0.021% → 0.000%
- −$2.08
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$3.2
- Costs to cover
- 0.220%
- Break-even
- 8.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago | 10.67 bp | 50.3 bp −$50 | 359.5 bp −$3,595 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) RAY/USDlong | L +0.0001% / S +0.0056% | 1h | 1.7779 | long leg | $3K | — | 150x | |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −7.597% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7762 | −0.094% | $4.2M | $12.8M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7782 | +0.019% | $555K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTMshort | +0.0100% | 4h | 1.7775 | −0.021% | $1.8M | $827K | 50x | |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7775 | −0.021% | $2.6M | $3.9M | 25x | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7800 | +0.117% | $663K | $806K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7760 | −0.106% | $67K | $28K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7758 | −0.116% | — | $2.3M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.7781 | +0.013% | $13K | $89K | 20x | as long as short |
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
Gate RAY_USDT
Bitget RAYUSDT
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RAY-USDT | +0.0114% | 8h | 1.7764 | −0.083% | $239K | $874K | 20x | as long as short |
| Lighter RAY | +0.0368% | 1h | 1.7799 | +0.114% | $232K | $336K | 5x | as long as short |
| BingX RAY-USDT | +0.0780% | 4h | 1.7781 | +0.013% | — | $2.0M | — | as long as short |
| MEXC RAY_USDT | +0.0890% | 8h | 1.7774 | −0.026% | $11.8M | $2.5M | 100x | as long as short |
| Kraken Futures PF_RAYUSD | +0.1949% | 1h | 1.7834 | +0.309% | $94K | $381K | 10x | as long as short |
| Orderly PERP_RAY_USDC | +0.2125% | 4h | 1.7799 | +0.114% | $314K | $386K | 10x | as long as short |
BloFin RAY-USDT
Lighter RAY
BingX RAY-USDT
MEXC RAY_USDT
Kraken Futures PF_RAYUSD
Orderly PERP_RAY_USDC