RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1755%/8h= +192.2% APRnext payment +$2.19 per $10,000 · paid last 24h +0.105%

Price spread now: gTrade (Gains Network) against Kraken Futures+0.113%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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

Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and gTrade (Gains Network) is 0.113% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RAYUSD	1.8051	−0.1811	get 0.0226% / 1h	38m 06s	$95K	$434K	10x
Short	gTrade (Gains Network) RAY/USD	1.8071	L +0.0001% / S +0.0056%	pay 0.0007% / 1h	38m 06s	$2K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.113%Rate

Funding earned: $368.61
Price spread: +0.113% → 0.000%: $11.3
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $359.91
Costs to cover: 0.200%
Break-even: 0.2 days

Slippage unknown: Kraken Futures: live order book, 35 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 Kraken Futures live order book, 35 min ago	67.29 bp	117.6 bp −$118	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_RAYUSDlong	−0.1811%	1h	1.8051	long leg	$95K	$434K	10x
gTrade (Gains Network) RAY/USDshort	L +0.0001% / S +0.0056%	1h	1.8071	+0.113%	$2K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−8.990%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.8092	+0.228%	$12.8M	$2.5M	100x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8073	+0.123%	$4.6M	$13.1M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8057	+0.034%	$562K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8067	+0.090%	$2.0M	$763K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8089	+0.212%	$2.6M	$3.6M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8078	+0.151%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7990	−0.338%	$705K	$1.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet RAY-USD	+0.0100%	1h	1.8075	+0.132%	$106K	$44K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.8083	+0.178%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8074	+0.128%	$15K	$111K	20x	as long as short
Lighter RAY	+0.0160%	1h	1.8102	+0.284%	$275K	$279K	5x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8028	−0.126%	$256K	$861K	20x	as long as short
Orderly PERP_RAY_USDC	+0.0549%	4h	1.8098	+0.261%	$251K	$242K	10x	as long as short