Funding you earn now, next payment 08:00 UTC+0.2191%/8h= +239.9% APRnext payment +$10.96 per $10,000 · paid last 24h +0.237%
Price spread now: Orderly against Variational Omni−0.008%7-day average +0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.298%+$30 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.008%, 7d avg +0.072%
=Together, before fees+0.484%+ Points / potential airdropVariational Omni: Active · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. Orderly is 0.080% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.072%). If the spread goes back, that is −$8 on $10k: about 3 hours of funding at the current rate (+$66 a day). At the pace of the last 4 days (+0.298% in total) that is about 23 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.298% in total (about 30.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni RAY | 1.7595 | 0.0100 | pay 0.0050% / 4h | 1h 04m | $652K | $883K | — |
| Short | Orderly PERP_RAY_USDC | 1.7594 | 0.2291 | get 0.1146% / 4h | 1h 04m | $311K | $396K | 10x |
Variational Omni RAY
Orderly PERP_RAY_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $460.14
- Price spread: −0.008% → +0.072%
- −$8.03
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $446.11
- Costs to cover
- 0.060%
- Break-even
- 0.2 days
Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Orderly: 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, 60 min ago | 5.86 bp | doesn't fit | 87.7 bp −$877 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.7554 | −0.236% | $3K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −6.635% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7566 | −0.167% | $4.2M | $12.8M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7562 | −0.190% | $549K | $1.2M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7566 | −0.167% | $1.9M | $822K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7568 | −0.156% | $2.6M | $4.0M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.7560 | −0.201% | — | $2.0M | — | as long as short |
| Variational Omni RAYlong | +0.0100% | 4h | 1.7595 | long leg | $652K | $883K | — | |
| Bullet RAY-USD | +0.0100% | 1h | 1.7561 | −0.196% | $66K | $28K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7569 | −0.150% | — | $2.4M | 10x | as long as short |
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDT
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 | 1.7586 | −0.054% | $13K | $91K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.7582 | −0.076% | $241K | $879K | 20x | as long as short |
| Lighter RAY | +0.0304% | 1h | 1.7584 | −0.065% | $241K | $319K | 5x | as long as short |
| MEXC RAY_USDT | +0.0831% | 8h | 1.7573 | −0.127% | $11.8M | $2.6M | 100x | as long as short |
| Kraken Futures PF_RAYUSD | +0.1347% | 1h | 1.7605 | +0.054% | $86K | $376K | 10x | as long as short |
| Orderly PERP_RAY_USDCshort | +0.2291% | 4h | 1.7594 | −0.008% | $311K | $396K | 10x |
HTX RAY-USDT
BloFin RAY-USDT
Lighter RAY
MEXC RAY_USDT
Kraken Futures PF_RAYUSD