Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Gate against KuCoin−0.033%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$286as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2802.801% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.033%, 7d avg −0.015%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RAYUSDTM | 1.8373 | 0.0100 | pay 0.0050% / 4h | 57m 50s | $2.0M | $745K | 50x |
| Short | Gate RAY_USDT | 1.8367 | 0.0100 | get 0.0050% / 4h | 57m 50s | $572K | $1.1M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. 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
- $0
- Price spread: −0.033% → −0.015%
- −$1.81
- Slippage, 4 orders
- −$253.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$281.87
- Costs to cover
- 2.801%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; Gate: live order book, 4 min ago.
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 KuCoin live order book, 9 min ago | 10.07 bp | 58.6 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 6.83 bp | 98.6 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.2396% | 1h | 1.8311 | −0.339% | $97K | $441K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.8374 | +0.004% | $2K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −10.586% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8358 | −0.082% | $4.6M | $13.2M | 20x | as long as short |
| Gate RAY_USDTshort | +0.0100% | 4h | 1.8367 | −0.033% | $572K | $1.1M | 25x | |
| KuCoin RAYUSDTMlong | +0.0100% | 4h | 1.8373 | long leg | $2.0M | $745K | 50x | |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8375 | +0.011% | $2.7M | $3.6M | 25x | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.8326 | −0.256% | $727K | $1.0M | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.8383 | +0.053% | $108K | $47K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.8389 | +0.087% | — | $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 | 1.8372 | −0.005% | $15K | $129K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8340 | −0.180% | $259K | $864K | 20x | as long as short |
| MEXC RAY_USDT | +0.0281% | 8h | 1.8378 | +0.027% | $13.4M | $2.5M | 100x | as long as short |
| BingX RAY-USDT | +0.0300% | 4h | 1.8381 | +0.044% | — | $2.0M | — | as long as short |
| Lighter RAY | +0.0440% | 1h | 1.8414 | +0.223% | $294K | $252K | 5x | as long as short |
| Orderly PERP_RAY_USDC | +0.0556% | 4h | 1.8399 | +0.142% | $255K | $248K | 10x | as long as short |
KuCoin RAYUSDTM
Gate RAY_USDT
Kraken Futures PF_RAYUSD
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
Bitget RAYUSDT
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDT
BloFin RAY-USDT
MEXC RAY_USDT
BingX RAY-USDT
Lighter RAY