RAY

Alert

Funding spread now, next payment 19:00 UTC+0.0735%/8h

next payment, per $10,000+$0.92paid, last 24h+0.103%paid, last 3 days+0.652%to open and closeno order book

Long on gTrade (Gains Network)Short on Lighter

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.7620	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	19m 56s	$2K	—	150x
Short	Lighter RAY	1.7649	0.0736	get 0.0092% / 1h	19m 56s	$321K	$181K	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 LighterbpOrdersRate

Funding earned: $154.44
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $144.44
Break-even: 0.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.167%
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 Lighter live order book, 6 min ago	21.90 bp	63.3 bp −$63	128.9 bp −$1,289	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_RAYUSD	−0.1035%	1h	$82K	$381K	10x	as long as short
Variational Omni RAY	−0.0139%	4h	$581K	$938K	—	as long as short
gTrade (Gains Network) RAY/USDlong	L +0.0001% / S +0.0056%	1h	$2K	—	150x
OKX RAY-USDT-SWAP	+0.0027%	8h	$4.4M	$11.8M	20x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	$13.6M	$2.0M	100x	as long as short
Gate RAY_USDT	+0.0100%	4h	$602K	$894K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$689K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$2.9M	25x	as long as short
Bullet RAY-USD	+0.0100%	1h	$103K	$46K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_RAY_USDC	+0.0100%	4h	$227K	$181K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$14K	$185K	20x	as long as short
BloFin RAY-USDT	+0.0112%	8h	$253K	$721K	20x	as long as short
BingX RAY-USDT	+0.0630%	4h	—	$1.9M	—	as long as short
Lighter RAYshort	+0.0736%	1h	$321K	$181K	5x