RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.032%

Price spread now: BingX against HTX+0.072%7-day average +0.027% · you sell dearer than you buy

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

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 3 days (all we have)−0.130%−$13 · spread now +0.072%, 7d avg +0.027%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.045% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX RAY-USDT	1.8089	0.0100	pay 0.0050% / 4h	11m 14s	$15K	$118K	20x
Short	BingX RAY-USDT	1.8102	0.0222	get 0.0111% / 4h	11m 14s	—	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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 HTXbpFee BingXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $25.62
Price spread: +0.072% → +0.027%: $4.49
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $8.11
Costs to cover: 0.220%
Break-even: 4.8 days

Slippage unknown: HTX: live order book, 65 min ago; BingX: live order book, 7 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 HTX live order book, 65 min ago	63.62 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	2.20 bp	14.9 bp −$15	40.9 bp −$409	255.4 bp −$25.5K	599.4 bp −$299.7K

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	−0.2429%	1h	1.8065	−0.132%	$95K	$434K	10x	as long as short
MEXC RAY_USDT	0.0000%	8h	1.8103	+0.077%	$12.9M	$2.5M	100x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8096	+0.038%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−9.182%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8095	+0.033%	$4.5M	$13.1M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8093	+0.022%	$561K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8104	+0.083%	$2.0M	$757K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8105	+0.088%	$2.6M	$3.6M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.8097	+0.044%	$709K	$1.0M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.8093	+0.022%	$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	1.8091	+0.011%	—	$2.6M	10x	as long as short
HTX RAY-USDTlong	+0.0100%	4h	1.8089	long leg	$15K	$118K	20x
BloFin RAY-USDT	+0.0220%	8h	1.8092	+0.017%	$255K	$857K	20x	as long as short
BingX RAY-USDTshort	+0.0222%	4h	1.8102	+0.072%	—	$2.0M	—
Lighter RAY	+0.0328%	1h	1.8127	+0.210%	$285K	$260K	5x	as long as short
Orderly PERP_RAY_USDC	+0.0591%	4h	1.8110	+0.116%	$251K	$247K	10x	as long as short