Funding you earn now, next payment 12:00 UTC+0.0578%/8h= +63.3% APRnext payment +$2.89 per $10,000 · paid last 24h +0.035%
Price spread now: BingX against Gate−0.153%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2162.163% of the position
Funding, last 7 days+0.334%+$33 on $10k
+Price spread, last 7 days+0.176%+$18 · spread now −0.153%, 7d avg +0.017%
=Funding pays, the price is against you. BingX is 0.170% cheaper against Gate than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of +0.017%). If the spread goes back, that is −$17 on $10k: about 24 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.334% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.334% in total (about 17.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RAY_USDT | 1.7618 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $549K | $1.1M | 25x |
| Short | BingX RAY-USDT | 1.7591 | 0.0678 | get 0.0339% / 4h | 3h 55m | — | $2.0M | — |
Gate RAY_USDT
BingX RAY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $121.38
- Price spread: −0.153% → +0.017%
- −$17.01
- Slippage, 4 orders
- −$191.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$111.98
- Costs to cover
- 2.163%
- Break-even
- 13.5 days
Slippage from Gate: live order book, 1 min ago; BingX: live order book, 7 min ago.
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 Gate live order book, 1 min ago | 5.09 bp | 101.0 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 2.27 bp | 13.3 bp −$13 | 35.3 bp −$353 | 271.2 bp −$27.1K | 688.3 bp −$344.1K |
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/USD | L +0.0001% / S +0.0056% | 1h | 1.7646 | +0.156% | $3K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −6.754% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7586 | −0.182% | $4.1M | $12.7M | 20x | as long as short |
| Gate RAY_USDTlong | +0.0100% | 4h | 1.7618 | long leg | $549K | $1.1M | 25x | |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7599 | −0.108% | $1.8M | $830K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7600 | −0.102% | $2.6M | $3.9M | 25x | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7640 | +0.125% | $659K | $806K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7655 | +0.213% | $66K | $28K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7684 | +0.375% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.7670 | +0.295% | $13K | $89K | 20x | as long as short |
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
KuCoin RAYUSDTM
Bitget RAYUSDT
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RAY-USDT | +0.0220% | 8h | 1.7705 | +0.494% | $243K | $879K | 20x | as long as short |
| Lighter RAY | +0.0368% | 1h | 1.7672 | +0.307% | $232K | $335K | 5x | as long as short |
| BingX RAY-USDTshort | +0.0678% | 4h | 1.7591 | −0.153% | — | $2.0M | — | |
| MEXC RAY_USDT | +0.0713% | 8h | 1.7603 | −0.085% | $11.7M | $2.5M | 100x | as long as short |
| Kraken Futures PF_RAYUSD | +0.1964% | 1h | 1.7701 | +0.470% | $93K | $380K | 10x | as long as short |
| Orderly PERP_RAY_USDC | +0.2132% | 4h | 1.7684 | +0.375% | $312K | $386K | 10x | as long as short |
BloFin RAY-USDT
Lighter RAY
MEXC RAY_USDT
Kraken Futures PF_RAYUSD
Orderly PERP_RAY_USDC