RAY

Alert

Funding spread now, next payment 16:00 UTC+0.0067%/8h

paid, last 24h+0.034%paid, last 4 days+0.119%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	48m 20s	$266	$25	5.5x
Short	Orderly PERP_RAY_USDC	1.8058	0.0100	get 0.0050% / 4h	48m 20s	$237K	$149K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee OrderlybpOrdersRate

Funding earned: $14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.98
Break-even: 3.0 days

Slippage unknown: Injective: no order-book sample; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +9.922%
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 Orderly no order-book sample	—	—	—	—	—

Injective and Orderly: 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	−0.1281%	1h	$85K	$350K	10x	as long as short
Variational Omni RAY	−0.0681%	4h	$617K	$867K	—	as long as short
MEXC RAY_USDT	−0.0532%	8h	$14.2M	$2.0M	100x	as long as short
Bullet RAY-USD	−0.0176%	1h	$106K	$47K	10x	as long as short
OKX RAY-USDT-SWAP	−0.0100%	8h	$4.4M	$12.1M	20x	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	+0.0023%	8h	$210K	$739K	20x	as long as short
Injective RAY/USDC PERPlong	+0.0033%	1h	$266	$25	5.5x
Gate RAY_USDT	+0.0100%	4h	$591K	$769K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.1M	$576K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget RAYUSDT	+0.0100%	4h	$2.7M	$2.9M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	—	$2.1M	—	as long as short
Orderly PERP_RAY_USDCshort	+0.0100%	4h	$237K	$149K	10x
SunX RAY-USDT	+0.0100%	4h	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$15K	$240K	20x	as long as short
Lighter RAY	+0.1048%	1h	$331K	$145K	5x	as long as short