RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.033%

Price spread now: gTrade (Gains Network) against Bullet−0.043%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and gTrade (Gains Network) is 0.043% cheaper against Bullet than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet RAY-USD	1.7863	0.0100	pay 0.0013% / 1h	45m 12s	$67K	$66K	10x
Short	gTrade (Gains Network) RAY/USD	1.7855	L +0.0001% / S +0.0056%	pay 0.0007% / 1h	45m 12s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bullet. 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 BulletbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.043%Rate

Funding earned: −$32.67
Price spread: −0.043% → 0.000%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$54.98
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; gTrade (Gains Network): no order-book sample. 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 Bullet no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Bullet and gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2692%	1h	1.7829	−0.191%	$90K	$402K	10x	as long as short
MEXC RAY_USDT	−0.0042%	8h	1.7873	+0.056%	$12.4M	$2.4M	100x	as long as short
gTrade (Gains Network) RAY/USDshort	L +0.0001% / S +0.0056%	1h	1.7855	−0.043%	$1K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−8.033%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7871	+0.045%	$4.3M	$12.8M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7857	−0.034%	$575K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7858	−0.028%	$1.9M	$779K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7868	+0.028%	$2.6M	$3.8M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7863	0.000%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7870	+0.041%	$693K	$868K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet RAY-USDlong	+0.0100%	1h	1.7863	long leg	$67K	$66K	10x
SunX RAY-USDT	+0.0100%	4h	1.7864	+0.006%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7878	+0.084%	$13K	$90K	20x	as long as short
Lighter RAY	+0.0104%	1h	1.7888	+0.140%	$257K	$300K	5x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7842	−0.118%	$249K	$936K	20x	as long as short
Orderly PERP_RAY_USDC	+0.1466%	4h	1.7908	+0.252%	$321K	$400K	10x	as long as short