RAY

Alert

Funding spread now, next payment 15:00 UTC+0.1108%/8h

paid, last 24h+0.055%paid, last 7 days+0.438%to open and close $10k−$104

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.438% in total (about 22.9% a year). A funding rate is set anew for every payment. 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	Bitget RAYUSDT	1.7618	0.0100	pay 0.0050% / 4h	1h 49m	$2.6M	$2.7M	25x
Short	Lighter RAY	1.7677	0.1208	get 0.0151% / 1h	49m 32s	$322K	$134K	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee LighterbpOrdersRate

Funding earned: $232.68
Slippage, 4 orders: −$92.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $128.65
Break-even: 3.1 days

Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 62 min ago.

Price risk

price view

Price gap now: +0.335%
Avg gap 7d: +0.178%

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 Bitget live order book, 4 min ago	3.15 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 62 min ago	9.21 bp	19.1 bp −$19	116.6 bp −$1,166	doesn't fit	doesn't fit

RAY on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni RAY	−0.0899%	4h	$467K	$729K	—	as long as short
Kraken Futures PF_RAYUSD	−0.0786%	1h	$83K	$338K	10x	as long as short
OKX RAY-USDT-SWAP	−0.0032%	8h	$4.4M	$11.0M	20x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	$14.2M	$2.0M	100x	as long as short
BloFin RAY-USDT	+0.0084%	8h	$253K	$581K	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	$583K	$746K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$496K	50x	as long as short
Bitget RAYUSDTlong	+0.0100%	4h	$2.6M	$2.7M	25x

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX RAY-USDT	+0.0100%	4h	—	$2.2M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	$103K	$46K	10x	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$226K	$132K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.3M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$15K	$251K	20x	as long as short
Lighter RAYshort	+0.1208%	1h	$322K	$134K	5x