RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1344%/8h= +147.2% APRnext payment +$1.68 per $10,000 · paid last 24h −0.178%

Price spread now: Kraken Futures against gTrade (Gains Network)+0.376%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Kraken Futures

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 for this trade now. Funding pays +$40 a day on $10k at the current rate, and Kraken Futures is 0.376% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.7571	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	42m 12s	$3K	—	150x
Short	Kraken Futures PF_RAYUSD	1.7637	0.1345	get 0.0168% / 1h	42m 12s	$86K	$382K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now +0.376%Rate

Funding earned: $282.29
Price spread: +0.376% → 0.000%: $37.62
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $299.91
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 1 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 1 min ago	59.25 bp	68.6 bp −$69	doesn't fit	doesn't fit	doesn't fit

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
gTrade (Gains Network) RAY/USDlong	L +0.0001% / S +0.0056%	1h	1.7571	long leg	$3K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−6.506%	$266	$25	5.5x	as long as short
Lighter RAY	+0.0096%	1h	1.7606	+0.199%	$244K	$313K	5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7575	+0.022%	$4.2M	$13.0M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7589	+0.102%	$550K	$1.2M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7583	+0.068%	$1.9M	$822K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7592	+0.119%	$2.6M	$4.0M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7582	+0.062%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7503	−0.385%	$674K	$864K	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.7582	+0.059%	$66K	$28K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	1.7580	+0.051%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7586	+0.085%	$12K	$91K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7636	+0.369%	$243K	$939K	20x	as long as short
MEXC RAY_USDT	+0.0963%	8h	1.7591	+0.113%	$11.8M	$2.6M	100x	as long as short
Kraken Futures PF_RAYUSDshort	+0.1345%	1h	1.7637	+0.376%	$86K	$382K	10x
Orderly PERP_RAY_USDC	+0.2290%	4h	1.7616	+0.256%	$308K	$395K	10x	as long as short