RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.013%

Price spread now: SunX against BloFin+0.033%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1661.656% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 3 days (all we have)−0.167%−$17 · spread now +0.033%, 7d avg +0.041%

Together, before fees−0.225%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RAY-USDT	1.8396	0.0220	pay 0.0220% / 8h	7h 04m	$258K	$878K	20x
Short	SunX RAY-USDT	1.8402	0.0100	get 0.0050% / 4h	3h 04m	—	$2.5M	10x

Funding history

latest

Range statsloading…

SunX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BloFinbpFee SunXbpOrdersPrice spread, now +0.033%Rate

Slippage from BloFin: live order book, 2 min ago; SunX: live order book, 2 min ago.

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, 2 min ago	0.82 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	44.86 bp	64.0 bp −$64	doesn't fit	doesn't fit	doesn't fit

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	−0.1771%	1h	1.8454	+0.314%	$93K	$440K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8390	−0.035%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−10.698%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8435	+0.212%	$4.6M	$13.4M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8422	+0.141%	$566K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8419	+0.125%	$2.0M	$770K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8450	+0.294%	$2.7M	$3.7M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.8375	−0.116%	$720K	$1.0M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.8392	−0.022%	$69K	$66K	10x	as long as short
SunX RAY-USDTshort	+0.0100%	4h	1.8402	+0.033%	—	$2.5M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX RAY-USDT	+0.0100%	4h	1.8399	+0.016%	$13K	$108K	20x	as long as short
BloFin RAY-USDTlong	+0.0220%	8h	1.8396	long leg	$258K	$878K	20x
MEXC RAY_USDT	+0.0418%	8h	1.8458	+0.337%	$13.0M	$2.5M	100x	as long as short
Lighter RAY	+0.0488%	1h	1.8467	+0.386%	$275K	$285K	5x	as long as short
BingX RAY-USDT	+0.0490%	4h	1.8425	+0.158%	—	$2.0M	—	as long as short
Orderly PERP_RAY_USDC	+0.0576%	4h	1.8409	+0.071%	$261K	$247K	10x	as long as short