Funding you earn now, next payment 23:00 UTC−0.0156%/8h= −17.0% APRpaid last 24h −0.047%
Price spread now: gTrade (Gains Network) against HTX−0.861%51s7-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
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and gTrade (Gains Network) is 0.861% cheaper against HTX than usual: you would sell low and buy high (−$86 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | HTX RAY-USDT | 1.8399 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $15K | $132K | 20x |
| Short | gTrade (Gains Network) RAY/USD | 1.8240 | L +0.0001% / S +0.0056% | pay 0.0007% / 1h | 11m 21s | $2K | — | 150x |
HTX RAY-USDT
gTrade (Gains Network) RAY/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against HTX. 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
- −$32.67
- Price spread: −0.861% → 0.000%
- −$86.15
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$140.82
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 5 min ago; gTrade (Gains Network): 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 HTX live order book, 5 min ago | 63.62 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
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 | −0.2322% | 1h | 1.8181 | −1.187% | $96K | $443K | 10x | as long as short |
| gTrade (Gains Network) RAY/USDshort | L +0.0001% / S +0.0056% | 1h | 1.8240 | −0.861% | $2K | — | 150x | |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −10.713% | $266 | $25 | 5.5x | as long as short |
| MEXC RAY_USDT | +0.0050% | 8h | 1.8258 | −0.766% | $13.3M | $2.5M | 100x | as long as short |
| Lighter RAY | +0.0096% | 1h | 1.8417 | +0.098% | $296K | $257K | 5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8247 | −0.826% | $4.6M | $13.2M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.8235 | −0.891% | $569K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8246 | −0.832% | $2.0M | $762K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8253 | −0.794% | $2.7M | $3.5M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.8238 | −0.875% | — | $2.0M | — | as long as short |
Kraken Futures PF_RAYUSD
Injective RAY/USDC PERP
MEXC RAY_USDT
Lighter RAY
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RAY | +0.0100% | 4h | 1.8430 | +0.167% | $732K | $1.0M | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.8248 | −0.819% | $107K | $47K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.8303 | −0.522% | — | $2.6M | 10x | as long as short |
| HTX RAY-USDTlong | +0.0100% | 4h | 1.8399 | long leg | $15K | $132K | 20x | |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8399 | 0.000% | $259K | $866K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.0513% | 4h | 1.8277 | −0.663% | $253K | $248K | 10x | as long as short |
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
BloFin RAY-USDT
Orderly PERP_RAY_USDC