Funding you earn now, next payment 08:00 UTC+0.0892%/8h= +97.7% APRpaid last 24h −0.064%
Price spread now: MEXC against Gate+0.051%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1471.467% of the position
Funding, last 7 days−0.630%−$63 on $10k
+Price spread, last 7 days−0.001%$0 · spread now +0.051%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and MEXC is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.630%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RAY_USDT | 1.7513 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $546K | $1.2M | 25x |
| Short | MEXC RAY_USDT | 1.7522 | 0.0992 | get 0.0992% / 8h | 1h 55m | $11.8M | $2.6M | 100x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $187.32
- Price spread: +0.051% → +0.029%
- $2.24
- Slippage, 4 orders
- −$127.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $42.85
- Costs to cover
- 1.467%
- Break-even
- 5.4 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 2 min ago | 6.00 bp | 57.4 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 3.70 bp | 8.7 bp −$9 | 40.5 bp −$405 | 111.4 bp −$11.1K | doesn't fit |
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 | 1.7508 | −0.031% | $3K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −6.195% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7526 | +0.074% | $4.2M | $12.9M | 20x | as long as short |
| Gate RAY_USDTlong | +0.0100% | 4h | 1.7513 | long leg | $546K | $1.2M | 25x | |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7510 | −0.017% | $1.9M | $821K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7523 | +0.057% | $2.6M | $4.0M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.7511 | −0.011% | — | $2.0M | — | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7508 | −0.026% | $674K | $870K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7513 | 0.000% | $66K | $28K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7516 | +0.017% | — | $2.4M | 10x | as long as short |
Show all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX RAY-USDT | +0.0100% | 4h | 1.7516 | +0.017% | $12K | $91K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.7517 | +0.023% | $199K | $934K | 20x | as long as short |
| Lighter RAY | +0.0440% | 1h | 1.7550 | +0.211% | $245K | $312K | 5x | as long as short |
| MEXC RAY_USDTshort | +0.0992% | 8h | 1.7522 | +0.051% | $11.8M | $2.6M | 100x | |
| Kraken Futures PF_RAYUSD | +0.1351% | 1h | 1.7561 | +0.273% | $86K | $383K | 10x | as long as short |
| Orderly PERP_RAY_USDC | +0.2183% | 4h | 1.7551 | +0.217% | $306K | $396K | 10x | as long as short |
Gate RAY_USDT
MEXC RAY_USDT
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDT
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDT
BloFin RAY-USDT
Lighter RAY
Kraken Futures PF_RAYUSD