Funding you earn now, next payment 21:00 UTC+0.0749%/8h= +82.0% APRnext payment +$0.94 per $10,000 · paid last 24h +0.159%
Price spread now: gTrade (Gains Network) against Kraken Futures−0.149%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. gTrade (Gains Network) is 0.149% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 16 hours of funding at the current rate (+$22 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RAYUSD | 1.7888 | −0.0805 | get 0.0101% / 1h | 8m 28s | $99K | $253K | 10x |
| Short | gTrade (Gains Network) RAY/USD | 1.7861 | L +0.0001% / S +0.0056% | pay 0.0007% / 1h | 8m 28s | $1K | — | 150x |
Kraken Futures PF_RAYUSD
gTrade (Gains Network) RAY/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Kraken Futures. 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
- $157.3
- Price spread: −0.149% → 0.000%
- −$14.86
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- $122.44
- Costs to cover
- 0.200%
- Break-even
- 1.6 days
Slippage unknown: Kraken Futures: live order book, 52 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
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 Kraken Futures live order book, 52 min ago | 39.48 bp | 60.5 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSDlong | −0.0805% | 1h | 1.7888 | long leg | $99K | $253K | 10x | |
| gTrade (Gains Network) RAY/USDshort | L +0.0001% / S +0.0056% | 1h | 1.7861 | −0.149% | $1K | — | 150x | |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −8.160% | $266 | $25 | 5.5x | as long as short |
| MEXC RAY_USDT | +0.0050% | 8h | 1.7863 | −0.137% | $10.7M | $2.5M | 100x | as long as short |
| Lighter RAY | +0.0096% | 1h | 1.7906 | +0.103% | $182K | $276K | 5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7849 | −0.216% | $4.2M | $7.9M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7848 | −0.221% | $551K | $543K | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7861 | −0.149% | $1.7M | $626K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7863 | −0.137% | $2.7M | $2.8M | 25x | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7872 | −0.090% | $615K | $185K | — | as long as short |
Injective RAY/USDC PERP
MEXC RAY_USDT
Lighter RAY
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
Variational Omni RAYShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet RAY-USD | +0.0100% | 1h | 1.7851 | −0.204% | $33K | $47K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7867 | −0.115% | — | $863K | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.7869 | −0.104% | $13K | $52K | 20x | as long as short |
| BingX RAY-USDT | +0.0146% | 4h | 1.7865 | −0.126% | — | $2.0M | — | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.7885 | −0.014% | $258K | $381K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.1031% | 4h | 1.7889 | +0.008% | $300K | $264K | 10x | as long as short |
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDT
BingX RAY-USDT
BloFin RAY-USDT
Orderly PERP_RAY_USDC