RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0308%/8h= −33.7% APRnext payment −$0.38 per $10,000 · paid last 24h −0.135%

Price spread now: Bullet against Lighter0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RAY	1.8021	0.0408	pay 0.0051% / 1h	3m 42s	$264K	$298K	5x
Short	Bullet RAY-USD	1.8021	0.0100	get 0.0013% / 1h	3m 42s	$68K	$66K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BulletbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$64.68
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$72.68
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 42 min ago; Bullet: 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 Lighter live order book, 42 min ago	5.57 bp	16.8 bp −$17	103.2 bp −$1,032	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8009	−0.066%	$1K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−8.840%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0053%	8h	1.7997	−0.133%	$12.5M	$2.5M	100x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7982	−0.216%	$4.4M	$12.9M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8003	−0.100%	$579K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8000	−0.117%	$1.9M	$779K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7997	−0.133%	$2.6M	$3.7M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8009	−0.067%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.8069	+0.269%	$706K	$961K	—	as long as short
Bullet RAY-USDshort	+0.0100%	1h	1.8021	0.000%	$68K	$66K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	1.8022	+0.006%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8024	+0.017%	$13K	$90K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8015	−0.033%	$252K	$872K	20x	as long as short
Lighter RAYlong	+0.0408%	1h	1.8021	long leg	$264K	$298K	5x
Kraken Futures PF_RAYUSD	+0.0775%	1h	1.7963	−0.321%	$90K	$456K	10x	as long as short
Orderly PERP_RAY_USDC	+0.0814%	4h	1.8045	+0.133%	$323K	$399K	10x	as long as short