RAY

Alert

Funding spread now, next payment 15:00 UTC0.0000%/8h

paid, last 24h+0.039%paid, last 3 days+0.093%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet RAY-USD	1.7773	0.0100	pay 0.0013% / 1h	46m 38s	$104K	$46K	10x
Short	Orderly PERP_RAY_USDC	1.7763	0.0100	get 0.0050% / 4h	1h 46m	$230K	$133K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BulletbpFee OrderlybpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14
Break-even: never at this rate

Slippage unknown: Bullet: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.056%
Avg gap 7d: +0.025%

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 Bullet live order book, 4 min ago	0.28 bp	5.7 bp −$6	12.0 bp −$120	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

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	−0.0779%	1h	$84K	$338K	10x	as long as short
MEXC RAY_USDT	−0.0617%	8h	$14.2M	$2.0M	100x	as long as short
OKX RAY-USDT-SWAP	−0.0029%	8h	$4.4M	$11.1M	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
BloFin RAY-USDT	+0.0092%	8h	$259K	$625K	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	$587K	$748K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$497K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$2.7M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX RAY-USDT	+0.0100%	4h	—	$2.1M	—	as long as short
Bullet RAY-USDlong	+0.0100%	1h	$104K	$46K	10x
Orderly PERP_RAY_USDCshort	+0.0100%	4h	$230K	$133K	10x
SunX RAY-USDT	+0.0100%	4h	—	$2.3M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$15K	$250K	20x	as long as short
Lighter RAY	+0.1144%	1h	$324K	$134K	5x	as long as short