RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.134%

Price spread now: Variational Omni against gTrade (Gains Network)−0.137%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.137% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 4.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.8121	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	28m 03s	$2K	—	150x
Short	Variational Omni RAY	1.8096	0.0100	get 0.0050% / 4h	28m 03s	$710K	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.137%Rate

Funding earned: $20.88
Price spread: −0.137% → 0.000%: −$13.68
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.79
Costs to cover: 0.100%
Break-even: 7.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 1 min ago	4.94 bp	doesn't fit	73.1 bp −$731	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	−0.2427%	1h	1.8080	−0.223%	$95K	$437K	10x	as long as short
gTrade (Gains Network) RAY/USDlong	L +0.0001% / S +0.0056%	1h	1.8121	long leg	$2K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−9.341%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.8122	+0.007%	$13.0M	$2.5M	100x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8086	−0.191%	$4.6M	$13.1M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8111	−0.054%	$563K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8122	+0.007%	$2.0M	$751K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8120	−0.004%	$2.6M	$3.6M	25x	as long as short
Variational Omni RAYshort	+0.0100%	4h	1.8096	−0.137%	$710K	$1.0M	—
Bullet RAY-USD	+0.0100%	1h	1.8124	+0.020%	$106K	$44K	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	1.8133	+0.068%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8110	−0.059%	$15K	$121K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8109	−0.065%	$259K	$854K	20x	as long as short
BingX RAY-USDT	+0.0298%	4h	1.8108	−0.070%	—	$2.0M	—	as long as short
Lighter RAY	+0.0440%	1h	1.8143	+0.123%	$287K	$255K	5x	as long as short
Orderly PERP_RAY_USDC	+0.0608%	4h	1.8138	+0.095%	$251K	$247K	10x	as long as short