RAY

Alert

Funding spread now, next payment 19:00 UTC+0.0067%/8h

paid, last 24h+0.014%paid, last 4 days+0.103%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective RAY/USDC PERP	1.6428	0.0033	pay 0.0004% / 1h	12m 56s	$266	$25	5.5x
Short	KuCoin RAYUSDTM	1.7747	0.0100	get 0.0050% / 4h	1h 12m	$2.0M	$693K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee KuCoinbpOrdersRate

Funding earned: $14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1.98
Break-even: 6.0 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 10 min ago. Net counts fees only.

Price risk

price view

Price gap now: +8.029%
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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 10 min ago	6.55 bp	40.7 bp −$41	338.5 bp −$3,385	doesn't fit	doesn't fit

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
Kraken Futures PF_RAYUSD	−0.1028%	1h	$82K	$381K	10x	as long as short
Variational Omni RAY	−0.0089%	4h	$581K	$938K	—	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 PERPlong	+0.0033%	1h	$266	$25	5.5x
OKX RAY-USDT-SWAP	+0.0042%	8h	$4.4M	$11.9M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	$606K	$902K	25x	as long as short
KuCoin RAYUSDTMshort	+0.0100%	4h	$2.0M	$693K	50x
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$3.0M	25x	as long as short
Bullet RAY-USD	+0.0100%	1h	$104K	$46K	10x	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$228K	$181K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$14K	$184K	20x	as long as short
BloFin RAY-USDT	+0.0162%	8h	$252K	$729K	20x	as long as short
BingX RAY-USDT	+0.0690%	4h	—	$1.9M	—	as long as short
MEXC RAY_USDT	+0.0694%	8h	$13.6M	$2.0M	100x	as long as short
Lighter RAY	+0.0784%	1h	$323K	$182K	5x	as long as short