RAY

Alert

Funding spread now, next payment 17:00 UTC−0.0164%/8h

paid, last 24h−0.046%paid, last 7 days−0.476%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RAY	1.7822	0.0264	pay 0.0033% / 1h	56m 23s	$318K	$151K	5x
Short	Orderly PERP_RAY_USDC	1.7732	0.0100	get 0.0050% / 4h	3h 56m	$234K	$149K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee OrderlybpOrdersRate

Funding earned: −$34.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$40.44
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 45 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.505%
Avg gap 7d: −0.127%

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, 45 min ago	9.49 bp	68.3 bp −$68	115.1 bp −$1,151	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni RAY	−0.0752%	4h	$628K	$880K	—	as long as short
OKX RAY-USDT-SWAP	−0.0124%	8h	$4.4M	$11.9M	20x	as long as short
Bullet RAY-USD	−0.0034%	1h	$105K	$47K	10x	as long as short
KuCoin RAYUSDTM	−0.0028%	4h	$2.1M	$612K	50x	as long as short
BloFin RAY-USDT	−0.0004%	8h	$250K	$797K	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	$13.7M	$1.9M	100x	as long as short
Gate RAY_USDT	+0.0100%	4h	$590K	$755K	25x	as long as short
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	—	$2.0M	—	as long as short
Orderly PERP_RAY_USDCshort	+0.0100%	4h	$234K	$149K	10x
SunX RAY-USDT	+0.0100%	4h	—	$2.7M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$14K	$222K	20x	as long as short
Lighter RAYlong	+0.0264%	1h	$318K	$151K	5x
Kraken Futures PF_RAYUSD	+0.0785%	1h	$83K	$381K	10x	as long as short