RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1748%/8h= +191.4% APRnext payment +$8.74 per $10,000 · paid last 24h +0.093%

Price spread now: Orderly against KuCoin+0.207%7-day average +0.044% · you sell dearer than you buy

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.207%, 7d avg +0.044%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and Orderly is 0.163% dearer against KuCoin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.044%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RAYUSDTM	1.7433	0.0100	pay 0.0050% / 4h	2h 36m	$1.9M	$831K	50x
Short	Orderly PERP_RAY_USDC	1.7469	0.1848	get 0.0924% / 4h	2h 36m	$313K	$391K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee KuCoinbpFee OrderlybpOrdersPrice spread, now +0.207%Rate

Funding earned: $367.08
Price spread: +0.207% → +0.044%: $16.26
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $365.34
Costs to cover: 0.180%
Break-even: 0.0 days

Slippage unknown: KuCoin: live order book, 4 min ago; Orderly: 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 KuCoin live order book, 4 min ago	7.78 bp	81.9 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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_RAYUSD	−0.1582%	1h	1.7477	+0.251%	$86K	$397K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.7419	−0.080%	$431	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−5.765%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7424	−0.052%	$4.2M	$12.9M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7418	−0.086%	$545K	$1.2M	25x	as long as short
KuCoin RAYUSDTMlong	+0.0100%	4h	1.7433	long leg	$1.9M	$831K	50x
Bitget RAYUSDT	+0.0100%	4h	1.7431	−0.011%	$2.6M	$4.0M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7440	+0.040%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7383	−0.289%	$670K	$870K	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.7440	+0.040%	$65K	$66K	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	1.7447	+0.080%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7447	+0.080%	$13K	$91K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7397	−0.207%	$245K	$926K	20x	as long as short
Lighter RAY	+0.0432%	1h	1.7469	+0.207%	$246K	$308K	5x	as long as short
MEXC RAY_USDT	+0.0809%	8h	1.7439	+0.034%	$11.8M	$2.5M	100x	as long as short
Orderly PERP_RAY_USDCshort	+0.1848%	4h	1.7469	+0.207%	$313K	$391K	10x