RAY

Alert

Funding spread now, next payment 15:00 UTC+0.0877%/8h

paid, last 24h+0.001%paid, last 7 days−0.138%to open and close $10k−$227

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.138% in total (about -7.2% 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	1.7785	−0.0777	get 0.0097% / 1h	24m 45s	$84K	$338K	10x
Short	KuCoin RAYUSDTM	1.7785	0.0100	get 0.0050% / 4h	1h 24m	$2.0M	$513K	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee KuCoinbpOrdersRate

Funding earned: $184.12
Slippage, 4 orders: −$204.77
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.65
Break-even: 8.6 days

Slippage from Kraken Futures: live order book, 29 min ago; KuCoin: live order book, 8 min ago.

Price risk

price view

Price gap now: −0.002%
Avg gap 7d: −0.161%

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, 29 min ago	40.48 bp	88.7 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	4.48 bp	31.7 bp −$32	322.0 bp −$3,220	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
Variational Omni RAY	−0.0789%	4h	$594K	$846K	—	as long as short
Kraken Futures PF_RAYUSDlong	−0.0777%	1h	$84K	$338K	10x
MEXC RAY_USDT	−0.0642%	8h	$14.2M	$2.0M	100x	as long as short
OKX RAY-USDT-SWAP	−0.0057%	8h	$4.4M	$11.4M	20x	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 PERP	+0.0033%	1h	$266	$25	5.5x	as long as short
BloFin RAY-USDT	+0.0068%	8h	$258K	$683K	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	$589K	$757K	25x	as long as short
KuCoin RAYUSDTMshort	+0.0100%	4h	$2.0M	$513K	50x
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$2.8M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX RAY-USDT	+0.0100%	4h	—	$2.1M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	$104K	$46K	10x	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$231K	$143K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$15K	$248K	20x	as long as short
Lighter RAY	+0.0712%	1h	$329K	$142K	5x	as long as short