RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0182%/8h= +19.9% APRnext payment +$0.91 per $10,000 · paid last 24h +0.032%

Price spread now: BingX against Bitget+0.125%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 7 days−0.176%−$18 · spread now +0.125%, 7d avg −0.016%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 0.141% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget RAYUSDT	1.8406	0.0100	pay 0.0050% / 4h	52m 24s	$2.7M	$3.5M	25x
Short	BingX RAY-USDT	1.8429	0.0282	get 0.0141% / 4h	52m 24s	—	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BitgetbpFee BingXbpOrdersPrice spread, now +0.125%Rate

Funding earned: $38.22
Price spread: +0.125% → −0.016%: $14.14
Slippage, 4 orders: −$44.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$14.45
Costs to cover: 0.668%
Break-even: 9.6 days

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 5 min ago.

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 Bitget live order book, 5 min ago	2.17 bp	21.0 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	0.27 bp	12.4 bp −$12	36.5 bp −$365	300.4 bp −$30.0K	647.6 bp −$323.8K

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	−0.2394%	1h	1.8328	−0.422%	$97K	$441K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8389	−0.095%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−10.746%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8380	−0.141%	$4.6M	$13.2M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8422	+0.087%	$574K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8426	+0.109%	$2.0M	$745K	50x	as long as short
Bitget RAYUSDTlong	+0.0100%	4h	1.8406	long leg	$2.7M	$3.5M	25x
Variational Omni RAY	+0.0100%	4h	1.8394	−0.065%	$730K	$1.0M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.8406	+0.001%	$108K	$47K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.8419	+0.071%	—	$2.6M	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	1.8415	+0.049%	$15K	$128K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8409	+0.016%	$259K	$868K	20x	as long as short
MEXC RAY_USDT	+0.0273%	8h	1.8430	+0.130%	$13.4M	$2.5M	100x	as long as short
BingX RAY-USDTshort	+0.0282%	4h	1.8429	+0.125%	—	$2.0M	—
Lighter RAY	+0.0536%	1h	1.8460	+0.293%	$295K	$253K	5x	as long as short
Orderly PERP_RAY_USDC	+0.0576%	4h	1.8423	+0.092%	$255K	$248K	10x	as long as short