RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.78 per $10,000 · paid last 24h +0.040%

Price spread now: OKX against MEXC0.000%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$710.715% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.660%+$66 on $10k

Price spread, last 7 days−0.011%−$1 · spread now 0.000%, 7d avg −0.026%

Together, before fees+0.649%+$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.026% dearer against MEXC than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.026%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +0.660%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RAY_USDT	1.7638	0.0178	pay 0.0178% / 8h	2h 55m	$12.1M	$2.4M	100x
Short	OKX RAY-USDT-SWAP	1.7638	0.0100	get 0.0100% / 8h	2h 55m	$4.3M	$12.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$16.38
Price spread: 0.000% → −0.026%: $2.62
Slippage, 4 orders: −$57.49
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.25
Costs to cover: 0.715%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; OKX: live order book, 2 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 MEXC live order book, 2 min ago	2.54 bp	7.0 bp −$7	42.3 bp −$423	118.8 bp −$11.9K	doesn't fit
Sell OKX live order book, 2 min ago	2.26 bp	27.2 bp −$27	90.0 bp −$900	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	−0.1578%	1h	1.7520	−0.667%	$88K	$391K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.7640	+0.011%	$436	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−6.860%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAPshort	+0.0100%	8h	1.7638	0.000%	$4.3M	$12.7M	20x
Gate RAY_USDT	+0.0100%	4h	1.7641	+0.017%	$551K	$1.2M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7638	0.000%	$1.9M	$802K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7639	+0.006%	$2.6M	$3.9M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7639	+0.006%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7655	+0.096%	$682K	$868K	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.7654	+0.090%	$66K	$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	1.7623	−0.085%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7617	−0.119%	$13K	$91K	20x	as long as short
MEXC RAY_USDTlong	+0.0178%	8h	1.7638	long leg	$12.1M	$2.4M	100x
Lighter RAY	+0.0216%	1h	1.7672	+0.193%	$250K	$305K	5x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7642	+0.023%	$248K	$926K	20x	as long as short
Orderly PERP_RAY_USDC	+0.1702%	4h	1.7698	+0.340%	$317K	$390K	10x	as long as short