RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1682%/8h= +184.2% APRnext payment +$2.10 per $10,000 · paid last 24h +0.173%

Price spread now: Bullet against Kraken Futures−0.210%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Bullet

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

Funding pays, the price is against you. Bullet is 0.210% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.210% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 10 hours of funding at the current rate (+$50 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RAYUSD	1.7477	−0.1582	get 0.0198% / 1h	36m 44s	$86K	$397K	10x
Short	Bullet RAY-USD	1.7440	0.0100	get 0.0013% / 1h	36m 44s	$65K	$66K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Kraken Futures. 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 Kraken FuturesbpFee BulletbpOrdersPrice spread, now −0.210%Rate

Funding earned: $353.24
Price spread: −0.210% → 0.000%: −$21
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: $314.24
Costs to cover: 0.180%
Break-even: 0.8 days

Slippage unknown: Kraken Futures: live order book, 11 min ago; Bullet: 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 Kraken Futures live order book, 11 min ago	79.50 bp	85.0 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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_RAYUSDlong	−0.1582%	1h	1.7477	long leg	$86K	$397K	10x
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.7419	−0.330%	$431	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−6.000%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.7442	−0.198%	$11.8M	$2.5M	100x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7431	−0.261%	$4.2M	$12.9M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7422	−0.313%	$545K	$1.2M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7433	−0.250%	$1.9M	$831K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7431	−0.261%	$2.6M	$4.0M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7442	−0.198%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7383	−0.538%	$670K	$870K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet RAY-USDshort	+0.0100%	1h	1.7440	−0.210%	$65K	$66K	10x
SunX RAY-USDT	+0.0100%	4h	1.7447	−0.170%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7447	−0.170%	$13K	$91K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7397	−0.456%	$245K	$926K	20x	as long as short
Lighter RAY	+0.0432%	1h	1.7463	−0.078%	$246K	$309K	5x	as long as short
Orderly PERP_RAY_USDC	+0.1848%	4h	1.7469	−0.044%	$313K	$391K	10x	as long as short