RAY

Alert

Funding spread now, next payment 15:00 UTC+0.0033%/8h

next payment, per $10,000+$0.04paid, last 24h+0.010%paid, last 3 days+0.040%to open and closeno order book

Long on gTrade (Gains Network)Short on Injective

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.7885	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	34m 59s	$2K	—	150x
Short	Injective RAY/USDC PERP	1.6428	0.0033	get 0.0004% / 1h	34m 59s	$266	$25	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee InjectivebpOrdersRate

Funding earned: $6.88
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$3.14
Break-even: 10.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −8.148%
Avg gap 7d: —

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Injective: 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	−0.0790%	4h	$594K	$846K	—	as long as short
Kraken Futures PF_RAYUSD	−0.0773%	1h	$84K	$339K	10x	as long as short
MEXC RAY_USDT	−0.0414%	8h	$14.3M	$2.0M	100x	as long as short
OKX RAY-USDT-SWAP	−0.0026%	8h	$4.5M	$11.4M	20x	as long as short
gTrade (Gains Network) RAY/USDlong	L +0.0001% / S +0.0056%	1h	$2K	—	150x
Injective RAY/USDC PERPshort	+0.0033%	1h	$266	$25	5.5x
BloFin RAY-USDT	+0.0092%	8h	$253K	$642K	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	$592K	$755K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$510K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$2.8M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX RAY-USDT	+0.0100%	4h	—	$2.2M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	$105K	$46K	10x	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$232K	$143K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$15K	$248K	20x	as long as short
Lighter RAY	+0.1008%	1h	$332K	$141K	5x	as long as short