RAY

Alert

Funding spread now, next payment 18:00 UTC−0.0815%/8h

paid, last 24h−0.044%paid, last 7 days+0.183%to open and close $10k−$244

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.5% a year). A funding rate is set anew for every payment. 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	1.7521	0.0100	pay 0.0050% / 4h	2h 18m	$619K	$840K	25x
Short	Kraken Futures PF_RAYUSD	1.7454	−0.0715	pay 0.0089% / 1h	18m 31s	$81K	$381K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Kraken FuturesbpOrdersRate

Funding earned: −$171.18
Slippage, 4 orders: −$219.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$415.64
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; Kraken Futures: live order book, 21 min ago.

Price risk

price view

Price gap now: −0.385%
Avg gap 7d: +0.173%

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 Gate live order book, 20 min ago	3.72 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 21 min ago	15.97 bp	67.3 bp −$67	doesn't fit	doesn't fit	doesn't fit

RAY on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_RAYUSDshort	−0.0715%	1h	$81K	$381K	10x
Variational Omni RAY	−0.0524%	4h	$585K	$942K	—	as long as short
OKX RAY-USDT-SWAP	−0.0042%	8h	$4.4M	$11.6M	20x	as long as short
KuCoin RAYUSDTM	−0.0010%	4h	$2.0M	$674K	50x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	$2K	—	150x	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	$13.5M	$2.1M	100x	as long as short
BloFin RAY-USDT	+0.0070%	8h	$251K	$787K	20x	as long as short
Gate RAY_USDTlong	+0.0100%	4h	$619K	$840K	25x
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$2.9M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bullet RAY-USD	+0.0100%	1h	$103K	$46K	10x	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$225K	$179K	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	$200K	20x	as long as short
BingX RAY-USDT	+0.0638%	4h	—	$1.9M	—	as long as short
Lighter RAY	+0.0936%	1h	$329K	$187K	5x	as long as short