RAY

Alert

Funding spread now, next payment 18:00 UTC−0.0844%/8h

paid, last 24h−0.099%paid, last 7 days−0.528%to open and close $10k−$118

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.528% in total (about -27.5% 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	Lighter RAY	1.7405	0.0816	pay 0.0102% / 1h	6m 17s	$325K	$188K	5x
Short	OKX RAY-USDT-SWAP	1.7353	−0.0028	pay 0.0028% / 8h	6h 06m	$4.3M	$11.5M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee OKXbpOrdersRate

Funding earned: −$177.31
Slippage, 4 orders: −$107.57
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$294.87
Break-even: never at this rate

Slippage from Lighter: live order book, 25 min ago; OKX: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.299%
Avg gap 7d: −0.217%

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 Lighter live order book, 25 min ago	7.14 bp	49.4 bp −$49	112.9 bp −$1,129	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.43 bp	27.9 bp −$28	112.0 bp −$1,120	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_RAYUSD	−0.0720%	1h	$81K	$381K	10x	as long as short
Variational Omni RAY	−0.0478%	4h	$584K	$942K	—	as long as short
OKX RAY-USDT-SWAPshort	−0.0028%	8h	$4.3M	$11.5M	20x
KuCoin RAYUSDTM	−0.0010%	4h	$2.0M	$678K	50x	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	+0.0087%	8h	$249K	$754K	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	$614K	$842K	25x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$2.9M	25x	as long as short
Bullet RAY-USD	+0.0100%	1h	$102K	$46K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_RAY_USDC	+0.0100%	4h	$224K	$180K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$14K	$196K	20x	as long as short
MEXC RAY_USDT	+0.0278%	8h	$13.4M	$2.1M	100x	as long as short
BingX RAY-USDT	+0.0534%	4h	—	$1.9M	—	as long as short
Lighter RAYlong	+0.0816%	1h	$325K	$188K	5x