Funding you earn now, next payment 06:00 UTC−0.1786%/8h= −195.5% APRpaid last 24h −0.196%
Price spread now: Kraken Futures against BloFin+0.143%57s7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2392.389% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.143%, 7d avg +0.153%
=The price spread sits at its 7-day average of +0.153%, so right now this pair is about funding alone: −$54 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% 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 | BloFin RAY-USDT | 1.7635 | 0.0220 | pay 0.0220% / 8h | 2h 05m | $239K | $940K | 20x |
| Short | Kraken Futures PF_RAYUSD | 1.7660 | −0.1566 | pay 0.0196% / 1h | 5m 28s | $87K | $397K | 10x |
BloFin RAY-USDT
Kraken Futures PF_RAYUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- −$374.98
- Price spread: +0.143% → +0.153%
- −$0.99
- Slippage, 4 orders
- −$216.86
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$614.84
- Costs to cover
- 2.389%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 22 min ago; Kraken Futures: live order book, 42 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 BloFin live order book, 22 min ago | 3.74 bp | 23.8 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 42 min ago | 79.50 bp | 104.1 bp −$104 | doesn't fit | 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_RAYUSDshort | −0.1566% | 1h | 1.7660 | +0.143% | $87K | $397K | 10x | |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.7607 | −0.158% | $2K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −6.844% | $266 | $25 | 5.5x | as long as short |
| MEXC RAY_USDT | +0.0050% | 8h | 1.7631 | −0.023% | $11.9M | $2.6M | 100x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7611 | −0.136% | $4.2M | $13.0M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7634 | −0.006% | $550K | $1.2M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7622 | −0.074% | $1.9M | $835K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7630 | −0.028% | $2.6M | $4.0M | 25x | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7630 | −0.029% | $679K | $870K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7624 | −0.062% | $66K | $66K | 10x | as long as short |
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
MEXC RAY_USDT
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
Variational Omni RAY
Bullet RAY-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX RAY-USDT | +0.0100% | 4h | 1.7642 | +0.040% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.7641 | +0.034% | $13K | $91K | 20x | as long as short |
| BloFin RAY-USDTlong | +0.0220% | 8h | 1.7635 | long leg | $239K | $940K | 20x | |
| Lighter RAY | +0.0568% | 1h | 1.7638 | +0.017% | $247K | $311K | 5x | as long as short |
| BingX RAY-USDT | +0.0688% | 4h | 1.7619 | −0.091% | — | $2.0M | — | as long as short |
| Orderly PERP_RAY_USDC | +0.2085% | 4h | 1.7674 | +0.221% | $309K | $399K | 10x | as long as short |
SunX RAY-USDT
HTX RAY-USDT
Lighter RAY
BingX RAY-USDT
Orderly PERP_RAY_USDC