Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.144%
Price spread now: Injective against Variational Omni−9.616%91s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 9.616% cheaper against Variational Omni than usual: you would sell low and buy high (−$962 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni RAY | 1.8176 | 0.0100 | pay 0.0050% / 4h | 11m 39s | $711K | $1.0M | — |
| Short | Injective RAY/USDC PERP | 1.6428 | 0.0033 | get 0.0004% / 1h | 11m 39s | $266 | $25 | 5.5x |
Variational Omni RAY
Injective RAY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- −$14
- Price spread: −9.616% → 0.000%
- −$961.64
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$975.66
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Injective: no order-book sample. Net counts fees only.
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 Variational Omni RFQ quote, 2 min ago | 4.66 bp | doesn't fit | 117.9 bp −$1,179 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.2433% | 1h | 1.8034 | −0.782% | $95K | $434K | 10x | as long as short |
| MEXC RAY_USDT | 0.0000% | 8h | 1.8096 | −0.439% | $12.9M | $2.5M | 100x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.8097 | −0.436% | $2K | — | 150x | as long as short |
| Injective RAY/USDC PERPshort | +0.0033% | 1h | 1.6428 | −9.616% | $266 | $25 | 5.5x | |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8090 | −0.472% | $4.5M | $13.1M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.8096 | −0.439% | $562K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8106 | −0.384% | $2.0M | $757K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8102 | −0.406% | $2.6M | $3.6M | 25x | as long as short |
| Variational Omni RAYlong | +0.0100% | 4h | 1.8176 | long leg | $711K | $1.0M | — | |
| Bullet RAY-USD | +0.0100% | 1h | 1.8094 | −0.451% | $106K | $44K | 10x | as long as short |
Kraken Futures PF_RAYUSD
MEXC RAY_USDT
gTrade (Gains Network) RAY/USD
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
Bullet RAY-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX RAY-USDT | +0.0100% | 4h | 1.8097 | −0.434% | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.8085 | −0.500% | $15K | $118K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8089 | −0.478% | $255K | $857K | 20x | as long as short |
| BingX RAY-USDT | +0.0222% | 4h | 1.8103 | −0.401% | — | $2.0M | — | as long as short |
| Lighter RAY | +0.0344% | 1h | 1.8128 | −0.263% | $285K | $260K | 5x | as long as short |
| Orderly PERP_RAY_USDC | +0.0592% | 4h | 1.8113 | −0.346% | $251K | $247K | 10x | as long as short |
SunX RAY-USDT
HTX RAY-USDT
BloFin RAY-USDT
BingX RAY-USDT
Lighter RAY
Orderly PERP_RAY_USDC