Settings8H · net · $10k
Funding arb · Price arb /

RAY

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h −0.081%
Price spread now: MEXC against Gate+0.017%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1671.674% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.662%−$66 on $10k
Price spread, last 7 days+0.031%+$3 · spread now +0.017%, 7d avg +0.029%
Together, before fees−0.631%−$63 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.662%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RAY_USDT1.7935−0.0376get 0.0188% / 4h3h 55m$558K$1.1M25x
ShortMEXC RAY_USDT1.79380.0050get 0.0050% / 8h7h 55m$12.7M$2.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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

Funding earned
$89.46
Price spread: +0.017% → +0.029%
−$1.2
Slippage, 4 orders
−$148.39
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$79.13
Costs to cover
1.674%
Break-even
13.2 days
Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago6.95 bp69.1 bp −$69doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago3.61 bp7.7 bp −$843.8 bp −$438110.2 bp −$11.0Kdoesn't fit

RAY on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_RAYUSD−0.1823%1h1.7926−0.049%$95K$434K10xas long as short
Gate RAY_USDTlong−0.0376%4h1.7935long leg$558K$1.1M25x
gTrade (Gains Network) RAY/USDL +0.0001% / S +0.0056%1h1.7932−0.017%$2K150xas long as short
Injective RAY/USDC PERP+0.0033%1h1.6428−8.403%$266$255.5xas long as short
MEXC RAY_USDTshort+0.0050%8h1.7938+0.017%$12.7M$2.5M100x
OKX RAY-USDT-SWAP+0.0100%8h1.7924−0.061%$4.5M$13.1M20xas long as short
KuCoin RAYUSDTM+0.0100%4h1.7941+0.033%$2.0M$762K50xas long as short
Bitget RAYUSDT+0.0100%4h1.7937+0.011%$2.6M$3.7M25xas long as short
BingX RAY-USDT+0.0100%4h1.7936+0.006%$2.1Mas long as short
Variational Omni RAY+0.0100%4h1.7980+0.249%$704K$1.0Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet RAY-USD+0.0100%1h1.7925−0.056%$105K$44K10xas long as short
SunX RAY-USDT+0.0100%4h1.7934−0.006%$2.6M10xas long as short
HTX RAY-USDT+0.0100%4h1.7916−0.106%$14K$114K20xas long as short
Lighter RAY+0.0120%1h1.7945+0.056%$274K$277K5xas long as short
BloFin RAY-USDT+0.0220%8h1.7918−0.095%$254K$849K20xas long as short
Orderly PERP_RAY_USDC+0.0578%4h1.7939+0.022%$249K$242K10xas long as short