Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%
Price spread now: Gate against OKX+0.012%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1431.427% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now +0.012%, 7d avg −0.002%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX RAY-USDT-SWAP | 1.7368 | 0.0100 | pay 0.0100% / 8h | 2h 40m | $4.2M | $12.8M | 20x |
| Short | Gate RAY_USDT | 1.7370 | 0.0100 | get 0.0050% / 4h | 2h 40m | $544K | $1.2M | 25x |
OKX RAY-USDT-SWAP
Gate RAY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.012% → −0.002%
- $1.34
- Slippage, 4 orders
- −$117.71
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$141.37
- Costs to cover
- 1.427%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Gate: live order book, 1 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 OKX live order book, 2 min ago | 0.58 bp | 21.2 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 7.47 bp | 49.1 bp −$49 | doesn't fit | 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 | −0.1585% | 1h | 1.7439 | +0.410% | $86K | $397K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.7384 | +0.092% | $430 | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −5.412% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAPlong | +0.0100% | 8h | 1.7368 | long leg | $4.2M | $12.8M | 20x | |
| Gate RAY_USDTshort | +0.0100% | 4h | 1.7370 | +0.012% | $544K | $1.2M | 25x | |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7368 | 0.000% | $1.9M | $831K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7357 | −0.063% | $2.6M | $4.0M | 25x | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7383 | +0.084% | $670K | $870K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7393 | +0.144% | $65K | $66K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7400 | +0.184% | — | $2.4M | 10x | as long as short |
Kraken Futures PF_RAYUSD
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
KuCoin RAYUSDTM
Bitget RAYUSDT
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX RAY-USDT | +0.0100% | 4h | 1.7404 | +0.207% | $13K | $91K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.7388 | +0.115% | $247K | $926K | 20x | as long as short |
| Lighter RAY | +0.0488% | 1h | 1.7409 | +0.236% | $245K | $308K | 5x | as long as short |
| BingX RAY-USDT | +0.0600% | 4h | 1.7366 | −0.012% | — | $2.0M | — | as long as short |
| MEXC RAY_USDT | +0.0792% | 8h | 1.7366 | −0.012% | $11.8M | $2.5M | 100x | as long as short |
| Orderly PERP_RAY_USDC | +0.1819% | 4h | 1.7428 | +0.345% | $312K | $391K | 10x | as long as short |
HTX RAY-USDT
BloFin RAY-USDT
Lighter RAY
BingX RAY-USDT
MEXC RAY_USDT
Orderly PERP_RAY_USDC