RAY

Alert

Funding spread now, next payment 17:00 UTC−0.0097%/8h

paid, last 24h−0.004%paid, last 3 days+0.115%to open and closeno order book

Long on gTrade (Gains Network)Short on OKX

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.8028	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	42m 06s	$2K	—	150x
Short	OKX RAY-USDT-SWAP	1.8002	−0.0097	pay 0.0097% / 8h	7h 42m	$4.5M	$11.9M	20x

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 OKXbpOrdersRate

Funding earned: −$20.41
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.41
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.144%
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 OKX live order book, 3 min ago	2.51 bp	16.6 bp −$17	124.3 bp −$1,243	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
Variational Omni RAY	−0.0760%	4h	$636K	$881K	—	as long as short
OKX RAY-USDT-SWAPshort	−0.0097%	8h	$4.5M	$11.9M	20x
KuCoin RAYUSDTM	−0.0028%	4h	$2.1M	$604K	50x	as long as short
gTrade (Gains Network) RAY/USDlong	L +0.0001% / S +0.0056%	1h	$2K	—	150x
BloFin RAY-USDT	+0.0019%	8h	$255K	$819K	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	$13.9M	$1.9M	100x	as long as short
Gate RAY_USDT	+0.0100%	4h	$641K	$791K	25x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.7M	$2.8M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	—	$2.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bullet RAY-USD	+0.0100%	1h	$106K	$47K	10x	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$237K	$152K	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	$219K	20x	as long as short
Lighter RAY	+0.0520%	1h	$323K	$154K	5x	as long as short
Kraken Futures PF_RAYUSD	+0.0774%	1h	$84K	$370K	10x	as long as short