Funding you earn now, next payment 05:00 UTC+0.2790%/8h= +305.5% APRpaid last 24h +0.147%
Price spread now: HTX against Kraken Futures+0.164%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$84 a day on $10k at the current rate, and HTX is 0.164% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.5% 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 | 1.7843 | −0.2690 | get 0.0336% / 1h | 43m 06s | $90K | $402K | 10x |
| Short | HTX RAY-USDT | 1.7872 | 0.0100 | get 0.0050% / 4h | 3h 43m | $13K | $91K | 20x |
Kraken Futures PF_RAYUSD
HTX RAY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $585.9
- Price spread: +0.164% → 0.000%
- $16.38
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $580.28
- Costs to cover
- 0.220%
- Break-even
- 0.1 days
Slippage unknown: Kraken Futures: live order book, 10 min ago; HTX: 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, 10 min ago | 41.72 bp | 90.6 bp −$91 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: 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: 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 | −0.2690% | 1h | 1.7843 | long leg | $90K | $402K | 10x | |
| MEXC RAY_USDT | −0.0055% | 8h | 1.7857 | +0.080% | $12.4M | $2.5M | 100x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.7859 | +0.093% | $1K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −7.929% | $266 | $25 | 5.5x | as long as short |
| Lighter RAY | +0.0096% | 1h | 1.7887 | +0.248% | $257K | $300K | 5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7845 | +0.013% | $4.3M | $12.8M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7859 | +0.091% | $575K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7864 | +0.119% | $1.9M | $780K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7850 | +0.041% | $2.6M | $3.8M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.7872 | +0.164% | — | $2.0M | — | as long as short |
MEXC RAY_USDT
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
Lighter RAY
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RAY | +0.0100% | 4h | 1.7870 | +0.155% | $693K | $868K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7870 | +0.153% | $67K | $66K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7872 | +0.164% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDTshort | +0.0100% | 4h | 1.7872 | +0.164% | $13K | $91K | 20x | |
| BloFin RAY-USDT | +0.0220% | 8h | 1.7861 | +0.102% | $249K | $937K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.1481% | 4h | 1.7899 | +0.315% | $321K | $400K | 10x | as long as short |
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
BloFin RAY-USDT
Orderly PERP_RAY_USDC