RAY

Alert

Funding spread now, next payment 17:00 UTC−0.0067%/8h

paid, last 24h−0.020%paid, last 4 days−0.168%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX RAY-USDT	1.7764	0.0100	pay 0.0050% / 4h	3h 24m	$14K	$214K	20x
Short	Injective RAY/USDC PERP	1.6428	0.0033	get 0.0004% / 1h	24m 25s	$266	$25	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee InjectivebpOrdersRate

Funding earned: −$14
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$26.02
Break-even: never at this rate

Slippage unknown: HTX: live order book, 18 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −7.521%
Avg gap 7d: —

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 HTX live order book, 18 min ago	56.34 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni RAY	−0.0660%	4h	$670K	$908K	—	as long as short
MEXC RAY_USDT	−0.0360%	8h	$13.8M	$2.0M	100x	as long as short
OKX RAY-USDT-SWAP	−0.0107%	8h	$4.5M	$11.5M	20x	as long as short
KuCoin RAYUSDTM	−0.0076%	4h	$2.1M	$606K	50x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	$2K	—	150x	as long as short
BloFin RAY-USDT	+0.0015%	8h	$256K	$804K	20x	as long as short
Injective RAY/USDC PERPshort	+0.0033%	1h	$266	$25	5.5x
Bullet RAY-USD	+0.0068%	1h	$105K	$47K	10x	as long as short
Gate RAY_USDT	+0.0100%	4h	$633K	$807K	25x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$2.7M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX RAY-USDT	+0.0100%	4h	—	$2.0M	—	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$235K	$158K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.6M	10x	as long as short
HTX RAY-USDTlong	+0.0100%	4h	$14K	$214K	20x
Lighter RAY	+0.0544%	1h	$344K	$182K	5x	as long as short
Kraken Futures PF_RAYUSD	+0.0782%	1h	$82K	$365K	10x	as long as short