RAY

Alert

Funding spread now, next payment 16:00 UTC+0.1385%/8h

paid, last 24h+0.022%paid, last 7 days−0.201%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.201% in total (about -10.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RAYUSD	1.8044	−0.1285	get 0.0161% / 1h	45m 20s	$85K	$350K	10x
Short	Gate RAY_USDT	1.8004	0.0100	get 0.0050% / 4h	45m 20s	$588K	$773K	25x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GatebpOrdersRate

Funding earned: $290.85
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $265.85
Break-even: 0.6 days

Slippage unknown: Kraken Futures: live order book, 4 min ago; Gate: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.223%
Avg gap 7d: −0.181%

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 Kraken Futures live order book, 4 min ago	25.68 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.88 bp	36.7 bp −$37	doesn't fit	doesn't fit	doesn't fit

RAY on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_RAYUSDlong	−0.1285%	1h	$85K	$350K	10x
Variational Omni RAY	−0.0642%	4h	$621K	$868K	—	as long as short
MEXC RAY_USDT	−0.0451%	8h	$14.1M	$2.0M	100x	as long as short
Bullet RAY-USD	−0.0243%	1h	$106K	$47K	10x	as long as short
OKX RAY-USDT-SWAP	−0.0098%	8h	$4.4M	$12.0M	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	+0.0020%	8h	$252K	$740K	20x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	$266	$25	5.5x	as long as short
KuCoin RAYUSDTM	+0.0092%	4h	$2.1M	$579K	50x	as long as short
Gate RAY_USDTshort	+0.0100%	4h	$588K	$773K	25x

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_USDC	+0.0100%	4h	$236K	$149K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$15K	$238K	20x	as long as short
Lighter RAY	+0.0752%	1h	$328K	$145K	5x	as long as short