RAY

Alert

Funding spread now, next payment 16:00 UTC−0.0890%/8h

next payment, per $10,000−$4.45paid, last 24h−0.121%paid, last 3 days−0.188%to open and closeno order book

Long on KuCoin Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.188% in total (about -23.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.45 per $10,000. 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	KuCoin RAYUSDTM	1.7849	0.0100	pay 0.0050% / 4h	1h 32m	$2.0M	$510K	50x
Short	Variational Omni RAY	1.7852	−0.0790	pay 0.0395% / 4h	1h 32m	$594K	$846K	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Variational OmnibpOrdersRate

Funding earned: −$186.85
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$198.85
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 11 min ago; Variational Omni: RFQ quote, 23 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.015%
Avg gap 7d: +0.003%

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 KuCoin live order book, 11 min ago	9.49 bp	53.9 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 23 min ago	5.00 bp	doesn't fit	46.5 bp −$465	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 RAYshort	−0.0790%	4h	$594K	$846K	—
Kraken Futures PF_RAYUSD	−0.0774%	1h	$84K	$339K	10x	as long as short
OKX RAY-USDT-SWAP	−0.0033%	8h	$4.5M	$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
MEXC RAY_USDT	+0.0050%	8h	$14.3M	$2.0M	100x	as long as short
BloFin RAY-USDT	+0.0091%	8h	$252K	$641K	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	$591K	$755K	25x	as long as short
KuCoin RAYUSDTMlong	+0.0100%	4h	$2.0M	$510K	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	$105K	$46K	10x	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$232K	$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	$247K	20x	as long as short
Lighter RAY	+0.0904%	1h	$331K	$141K	5x	as long as short