Funding you earn now, next payment 07:00 UTC+0.1244%/8h= +136.2% APRpaid last 24h −0.207%
Price spread now: Kraken Futures against HTX+0.301%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Kraken Futures is 0.301% dearer against HTX than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX RAY-USDT | 1.7592 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $13K | $91K | 20x |
| Short | Kraken Futures PF_RAYUSD | 1.7645 | 0.1344 | get 0.0168% / 1h | 7m 29s | $86K | $376K | 10x |
HTX RAY-USDT
Kraken Futures PF_RAYUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $261.28
- Price spread: +0.301% → 0.000%
- $30.08
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $269.37
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: HTX: no order-book sample; Kraken Futures: live order book, 35 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 no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 35 min ago | 59.25 bp | 68.6 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
HTX: 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/USD | L +0.0001% / S +0.0056% | 1h | 1.7607 | +0.086% | $3K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −6.617% | $266 | $25 | 5.5x | as long as short |
| MEXC RAY_USDT | +0.0050% | 8h | 1.7595 | +0.017% | $11.8M | $2.6M | 100x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7613 | +0.119% | $4.2M | $12.9M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7599 | +0.040% | $550K | $1.2M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7595 | +0.017% | $1.9M | $821K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7594 | +0.011% | $2.6M | $4.0M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.7597 | +0.028% | — | $2.0M | — | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7582 | −0.055% | $652K | $883K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7618 | +0.148% | $66K | $28K | 10x | as long as short |
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
MEXC RAY_USDT
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDT
Variational Omni RAY
Bullet RAY-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX RAY-USDT | +0.0100% | 4h | 1.7591 | −0.006% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDTlong | +0.0100% | 4h | 1.7592 | long leg | $13K | $91K | 20x | |
| BloFin RAY-USDT | +0.0220% | 8h | 1.7600 | +0.045% | $241K | $880K | 20x | as long as short |
| Lighter RAY | +0.0312% | 1h | 1.7610 | +0.102% | $243K | $317K | 5x | as long as short |
| Kraken Futures PF_RAYUSDshort | +0.1344% | 1h | 1.7645 | +0.301% | $86K | $376K | 10x | |
| Orderly PERP_RAY_USDC | +0.2294% | 4h | 1.7646 | +0.307% | $312K | $396K | 10x | as long as short |
SunX RAY-USDT
BloFin RAY-USDT
Lighter RAY
Orderly PERP_RAY_USDC