RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.081%

Price spread now: Bitget against MEXC−0.011%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$570.566% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.769%+$77 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.011%, 7d avg +0.001%

Together, before fees+0.767%+$77 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RAY_USDT	1.8276	0.0002	pay 0.0002% / 8h	1h 54m	$13.4M	$2.5M	100x
Short	Bitget RAYUSDT	1.8274	0.0100	get 0.0050% / 4h	1h 54m	$2.7M	$3.4M	25x

Funding history

latest

Range statsloading…

Bitget against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee MEXCbpFee BitgetbpOrdersPrice spread, now −0.011%Rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	3.85 bp	8.2 bp −$8	44.1 bp −$441	111.0 bp −$11.1K	doesn't fit
Sell Bitget live order book, 3 min ago	3.30 bp	20.3 bp −$20	62.4 bp −$624	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
Kraken Futures PF_RAYUSD	−0.2317%	1h	1.8219	−0.313%	$98K	$453K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8281	+0.028%	$1K	—	150x	as long as short
MEXC RAY_USDTlong	+0.0002%	8h	1.8276	long leg	$13.4M	$2.5M	100x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−10.112%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8258	−0.098%	$4.6M	$13.2M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8273	−0.016%	$578K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8282	+0.033%	$2.0M	$777K	50x	as long as short
Bitget RAYUSDTshort	+0.0100%	4h	1.8274	−0.011%	$2.7M	$3.4M	25x
BingX RAY-USDT	+0.0100%	4h	1.8278	+0.011%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.8277	+0.005%	$715K	$1.1M	—	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	1.8282	+0.033%	$107K	$47K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.8297	+0.115%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8285	+0.049%	$15K	$141K	20x	as long as short
Lighter RAY	+0.0176%	1h	1.8319	+0.235%	$299K	$248K	5x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8274	−0.011%	$255K	$862K	20x	as long as short
Orderly PERP_RAY_USDC	+0.0440%	4h	1.8300	+0.131%	$253K	$250K	10x	as long as short