RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.136%

Price spread now: Lighter against KuCoin+0.187%7-day average +0.196% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1271.268% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.575%+$57 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now +0.187%, 7d avg +0.196%

Together, before fees+0.808%+ Points / potential airdropLighter: Season 3 · farm board+$81 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.196%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RAYUSDTM	1.7607	0.0100	pay 0.0050% / 4h	1h 06m	$1.9M	$821K	50x
Short	Lighter RAY	1.7640	0.0312	get 0.0039% / 1h	6m 39s	$243K	$318K	5x

Funding history

latest

Range statsloading…

Lighter against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee KuCoinbpFee LighterbpOrdersPrice spread, now +0.187%Rate

Slippage from KuCoin: live order book, 5 min ago; Lighter: live order book, 19 min ago.

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, 5 min ago	7.39 bp	45.5 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 19 min ago	5.68 bp	16.7 bp −$17	113.2 bp −$1,132	doesn't fit	doesn't fit

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
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.7607	+0.001%	$3K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−6.696%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.7630	+0.131%	$11.8M	$2.6M	100x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7616	+0.051%	$4.2M	$12.9M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7610	+0.017%	$550K	$1.2M	25x	as long as short
KuCoin RAYUSDTMlong	+0.0100%	4h	1.7607	long leg	$1.9M	$821K	50x
Bitget RAYUSDT	+0.0100%	4h	1.7626	+0.108%	$2.6M	$4.0M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7615	+0.045%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7582	−0.141%	$652K	$883K	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.7618	+0.062%	$66K	$28K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	1.7585	−0.125%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7623	+0.091%	$13K	$91K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7613	+0.034%	$241K	$880K	20x	as long as short
Lighter RAYshort	+0.0312%	1h	1.7640	+0.187%	$243K	$318K	5x
Kraken Futures PF_RAYUSD	+0.1342%	1h	1.7679	+0.409%	$86K	$376K	10x	as long as short
Orderly PERP_RAY_USDC	+0.2294%	4h	1.7646	+0.222%	$312K	$396K	10x	as long as short