RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Injective+11.930%7-day average — · you sell dearer than you buy

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

Long on Injective Short on gTrade (Gains Network)

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—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 11.930% dearer against Injective than usual: you sell high and buy low (spread +11.930% now, against zero (this spread has no 7-day history yet)): +$1,193 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective RAY/USDC PERP	1.6428	0.0033	pay 0.0004% / 1h	55m 22s	$266	$25	5.5x
Short	gTrade (Gains Network) RAY/USD	1.8388	L +0.0001% / S +0.0056%	pay 0.0007% / 1h	55m 22s	$2K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Injective. 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 InjectivebpFee gTrade (Gains Network)bpOrdersPrice spread, now +11.930%Rate

Funding earned: −$18.67
Price spread: +11.930% → 0.000%: $1,192.96
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $1,164.27
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Injective and 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	−0.2389%	1h	1.8367	+11.800%	$97K	$441K	10x	as long as short
gTrade (Gains Network) RAY/USDshort	L +0.0001% / S +0.0056%	1h	1.8388	+11.930%	$2K	—	150x
Injective RAY/USDC PERPlong	+0.0033%	1h	1.6428	long leg	$266	$25	5.5x
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8377	+11.864%	$4.6M	$13.2M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8386	+11.919%	$573K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8394	+11.967%	$2.0M	$745K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8390	+11.943%	$2.7M	$3.5M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.8394	+11.967%	$730K	$1.0M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.8401	+12.010%	$108K	$47K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.8402	+12.016%	—	$2.6M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX RAY-USDT	+0.0100%	4h	1.8383	+11.900%	$15K	$128K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8375	+11.852%	$259K	$866K	20x	as long as short
MEXC RAY_USDT	+0.0252%	8h	1.8390	+11.943%	$13.4M	$2.5M	100x	as long as short
BingX RAY-USDT	+0.0296%	4h	1.8396	+11.980%	—	$2.0M	—	as long as short
Orderly PERP_RAY_USDC	+0.0566%	4h	1.8417	+12.107%	$255K	$248K	10x	as long as short
Lighter RAY	+0.0568%	1h	1.8426	+12.162%	$294K	$253K	5x	as long as short