RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.121%

Price spread now: Variational Omni against gTrade (Gains Network)−0.035%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.035% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.7392	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	28m 52s	$430	—	150x
Short	Variational Omni RAY	1.7386	0.0100	get 0.0050% / 4h	2h 28m	$670K	$870K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.035%Rate

Funding earned: $20.88
Price spread: −0.035% → 0.000%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $7.38
Costs to cover: 0.100%
Break-even: 4.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 40 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 Variational Omni RFQ quote, 40 min ago	5.83 bp	doesn't fit	85.1 bp −$851	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
Kraken Futures PF_RAYUSD	−0.1588%	1h	1.7412	+0.118%	$85K	$398K	10x	as long as short
gTrade (Gains Network) RAY/USDlong	L +0.0001% / S +0.0056%	1h	1.7392	long leg	$430	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−5.542%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7398	+0.035%	$4.2M	$12.9M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7393	+0.006%	$542K	$1.2M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7392	+0.001%	$1.9M	$828K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7386	−0.034%	$2.6M	$4.1M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7398	+0.035%	—	$2.0M	—	as long as short
Variational Omni RAYshort	+0.0100%	4h	1.7386	−0.035%	$670K	$870K	—
Bullet RAY-USD	+0.0100%	1h	1.7412	+0.116%	$65K	$66K	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	1.7391	−0.005%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7389	−0.017%	$13K	$91K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7384	−0.045%	$241K	$926K	20x	as long as short
Lighter RAY	+0.0432%	1h	1.7416	+0.139%	$245K	$309K	5x	as long as short
MEXC RAY_USDT	+0.0815%	8h	1.7401	+0.052%	$11.8M	$2.5M	100x	as long as short
Orderly PERP_RAY_USDC	+0.1897%	4h	1.7446	+0.311%	$313K	$391K	10x	as long as short