RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0670%/8h= −73.4% APRnext payment −$3.35 per $10,000 · paid last 24h −0.185%

Price spread now: Variational Omni against BingX−0.337%7-day average −0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.309%−$31 on $10k

Price spread, last 7 days+0.348%+$35 · spread now −0.337%, 7d avg −0.011%

Together, before fees+0.040%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Variational Omni is 0.326% cheaper against BingX than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RAY-USDT	1.7512	0.0770	pay 0.0385% / 4h	2h 15m	—	$2.0M	—
Short	Variational Omni RAY	1.7453	0.0100	get 0.0050% / 4h	2h 15m	$673K	$870K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee Variational OmnibpOrdersPrice spread, now −0.337%Rate

Funding earned: −$140.7
Price spread: −0.337% → −0.011%: −$32.59
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$183.29
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; Variational Omni: RFQ quote, 53 min ago. 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 BingX live order book, 2 min ago	1.71 bp	14.6 bp −$15	46.3 bp −$463	363.0 bp −$36.3K	712.2 bp −$356.1K
Sell Variational Omni RFQ quote, 53 min ago	5.83 bp	doesn't fit	85.1 bp −$851	doesn't fit	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
Kraken Futures PF_RAYUSD	−0.1575%	1h	1.7552	+0.228%	$86K	$398K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.7494	−0.104%	$433	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−6.190%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7510	−0.011%	$4.2M	$13.0M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7515	+0.017%	$546K	$1.2M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7502	−0.057%	$1.9M	$832K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7502	−0.057%	$2.6M	$4.1M	25x	as long as short
Variational Omni RAYshort	+0.0100%	4h	1.7453	−0.337%	$673K	$870K	—
Bullet RAY-USD	+0.0100%	1h	1.7513	+0.006%	$66K	$66K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.7517	+0.029%	—	$2.4M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX RAY-USDT	+0.0100%	4h	1.7530	+0.103%	$13K	$91K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7497	−0.086%	$198K	$932K	20x	as long as short
Lighter RAY	+0.0512%	1h	1.7540	+0.160%	$246K	$310K	5x	as long as short
BingX RAY-USDTlong	+0.0770%	4h	1.7512	long leg	—	$2.0M	—
MEXC RAY_USDT	+0.1139%	8h	1.7522	+0.057%	$11.8M	$2.6M	100x	as long as short
Orderly PERP_RAY_USDC	+0.1990%	4h	1.7546	+0.194%	$306K	$399K	10x	as long as short