RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.002%

Price spread now: BloFin against SunX−0.033%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1701.697% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.033%, 7d avg −0.037%

Together, before fees+0.169%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX RAY-USDT	1.8247	0.0100	pay 0.0050% / 4h	2h 49m	—	$2.6M	10x
Short	BloFin RAY-USDT	1.8241	0.0220	get 0.0220% / 8h	2h 49m	$259K	$847K	20x

Funding history

latest

Range statsloading…

BloFin against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee SunXbpFee BloFinbpOrdersPrice spread, now −0.033%Rate

Slippage from SunX: live order book, 8 min ago; BloFin: live order book, 37 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 8 min ago	45.03 bp	63.4 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 37 min ago	4.87 bp	19.5 bp −$19	doesn't fit	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	−0.0047%	1h	1.8248	+0.004%	$108K	$432K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8249	+0.008%	$1K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−9.969%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.8241	−0.033%	$13.6M	$2.5M	100x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8232	−0.082%	$4.6M	$13.1M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8241	−0.033%	$584K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8249	+0.011%	$2.1M	$758K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8240	−0.038%	$2.6M	$3.3M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8236	−0.060%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.8228	−0.106%	$717K	$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	1.8242	−0.027%	$107K	$46K	10x	as long as short
SunX RAY-USDTlong	+0.0100%	4h	1.8247	long leg	—	$2.6M	10x
HTX RAY-USDT	+0.0100%	4h	1.8235	−0.066%	$15K	$154K	20x	as long as short
BloFin RAY-USDTshort	+0.0220%	8h	1.8241	−0.033%	$259K	$847K	20x
Orderly PERP_RAY_USDC	+0.0323%	4h	1.8264	+0.093%	$253K	$235K	10x	as long as short
Lighter RAY	+0.0392%	1h	1.8288	+0.225%	$320K	$246K	5x	as long as short