RAY

Alert

Funding spread now, next payment 16:00 UTC−0.0067%/8h

paid, last 24h−0.074%paid, last 4 days−0.343%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RAY-USDT	1.7930	0.0100	pay 0.0050% / 4h	10m 19s	—	$2.0M	—
Short	Injective RAY/USDC PERP	1.6428	0.0033	get 0.0004% / 1h	10m 19s	$266	$25	5.5x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee InjectivebpOrdersRate

Funding earned: −$14
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$24.02
Break-even: never at this rate

Slippage unknown: BingX: live order book, 14 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −8.377%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 BingX live order book, 14 min ago	2.53 bp	15.6 bp −$16	49.2 bp −$492	311.0 bp −$31.1K	665.3 bp −$332.7K
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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_RAYUSD	−0.1289%	1h	$88K	$355K	10x	as long as short
Variational Omni RAY	−0.0688%	4h	$632K	$893K	—	as long as short
Bullet RAY-USD	−0.0284%	1h	$105K	$47K	10x	as long as short
OKX RAY-USDT-SWAP	−0.0110%	8h	$4.4M	$11.9M	20x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	$2K	—	150x	as long as short
KuCoin RAYUSDTM	+0.0002%	4h	$2.1M	$597K	50x	as long as short
BloFin RAY-USDT	+0.0009%	8h	$256K	$758K	20x	as long as short
Injective RAY/USDC PERPshort	+0.0033%	1h	$266	$25	5.5x
MEXC RAY_USDT	+0.0050%	8h	$13.9M	$2.1M	100x	as long as short
Gate RAY_USDT	+0.0100%	4h	$593K	$794K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget RAYUSDT	+0.0100%	4h	$2.7M	$2.8M	25x	as long as short
BingX RAY-USDTlong	+0.0100%	4h	—	$2.0M	—
Orderly PERP_RAY_USDC	+0.0100%	4h	$237K	$150K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$15K	$224K	20x	as long as short
Lighter RAY	+0.0272%	1h	$324K	$149K	5x	as long as short