Settings8H · net · $10k
Funding arb · Price arb /

RAY

all RAY markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RAYUSDTM1.83730.0100pay 0.0050% / 4h57m 50s$2.0M$745K50x
ShortGate RAY_USDT1.83670.0100get 0.0050% / 4h57m 50s$572K$1.1M25x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 9 min ago10.07 bp58.6 bp −$59doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 4 min ago6.83 bp98.6 bp −$99doesn't fitdoesn't fitdoesn't fit

RAY on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_RAYUSD−0.2396%1h1.8311−0.339%$97K$441K10xas long as short
gTrade (Gains Network) RAY/USDL +0.0001% / S +0.0056%1h1.8374+0.004%$2K150xas long as short
Injective RAY/USDC PERP+0.0033%1h1.6428−10.586%$266$255.5xas long as short
OKX RAY-USDT-SWAP+0.0100%8h1.8358−0.082%$4.6M$13.2M20xas long as short
Gate RAY_USDTshort+0.0100%4h1.8367−0.033%$572K$1.1M25x
KuCoin RAYUSDTMlong+0.0100%4h1.8373long leg$2.0M$745K50x
Bitget RAYUSDT+0.0100%4h1.8375+0.011%$2.7M$3.6M25xas long as short
Variational Omni RAY+0.0100%4h1.8326−0.256%$727K$1.0Mas long as short
Bullet RAY-USD+0.0100%1h1.8383+0.053%$108K$47K10xas long as short
SunX RAY-USDT+0.0100%4h1.8389+0.087%$2.6M10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX RAY-USDT+0.0100%4h1.8372−0.005%$15K$129K20xas long as short
BloFin RAY-USDT+0.0220%8h1.8340−0.180%$259K$864K20xas long as short
MEXC RAY_USDT+0.0281%8h1.8378+0.027%$13.4M$2.5M100xas long as short
BingX RAY-USDT+0.0300%4h1.8381+0.044%$2.0Mas long as short
Lighter RAY+0.0440%1h1.8414+0.223%$294K$252K5xas long as short
Orderly PERP_RAY_USDC+0.0556%4h1.8399+0.142%$255K$248K10xas long as short