RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0154%/8h= +16.9% APRnext payment +$1.54 per $10,000 · paid last 24h −0.040%

Price spread now: MEXC against OKX+0.061%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on OKX Short on MEXC

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−0.026%−$3 · spread now +0.061%, 7d avg +0.027%

Together, before fees−0.686%−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and MEXC is 0.035% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.660%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RAY-USDT-SWAP	1.7980	0.0100	pay 0.0100% / 8h	6h 48m	$4.5M	$13.1M	20x
Short	MEXC RAY_USDT	1.7991	0.0254	get 0.0254% / 8h	6h 48m	$12.8M	$2.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now +0.061%Rate

Funding earned: $32.34
Price spread: +0.061% → +0.027%: $3.46
Slippage, 4 orders: −$59.4
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$37.6
Costs to cover: 0.734%
Break-even: 15.1 days

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	0.56 bp	33.0 bp −$33	206.2 bp −$2,062	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.05 bp	7.9 bp −$8	49.8 bp −$498	120.8 bp −$12.1K	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
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.7988	+0.044%	$2K	—	150x	as long as short
Kraken Futures PF_RAYUSD	+0.0010%	1h	1.8015	+0.196%	$89K	$445K	10x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−8.632%	$266	$25	5.5x	as long as short
Lighter RAY	+0.0096%	1h	1.8026	+0.256%	$268K	$282K	5x	as long as short
OKX RAY-USDT-SWAPlong	+0.0100%	8h	1.7980	long leg	$4.5M	$13.1M	20x
Gate RAY_USDT	+0.0100%	4h	1.7999	+0.106%	$557K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7999	+0.106%	$1.9M	$769K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8009	+0.161%	$2.6M	$3.7M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7987	+0.039%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7949	−0.174%	$702K	$1.0M	—	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	1.7983	+0.017%	$67K	$66K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.7993	+0.072%	—	$2.5M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8007	+0.150%	$13K	$107K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7974	−0.033%	$261K	$870K	20x	as long as short
MEXC RAY_USDTshort	+0.0254%	8h	1.7991	+0.061%	$12.8M	$2.5M	100x
Orderly PERP_RAY_USDC	+0.0581%	4h	1.8003	+0.128%	$254K	$248K	10x	as long as short