RAY

Alert

Funding spread now, next payment 14:00 UTC+0.0793%/8h

paid, last 24h−0.007%paid, last 4 days+0.650%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RAY_USDT	1.7631	−0.0760	get 0.0760% / 8h	2h 33m	$14.4M	$2.0M	100x
Short	Injective RAY/USDC PERP	1.6428	0.0033	get 0.0004% / 1h	33m 10s	$266	$25	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee InjectivebpOrdersRate

Funding earned: $166.6
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $162.58
Break-even: 0.2 days

Slippage unknown: MEXC: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −6.823%
Avg gap 7d: —

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 MEXC live order book, 2 min ago	3.39 bp	9.1 bp −$9	45.0 bp −$450	120.0 bp −$12.0K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0975%	4h	$364K	$609K	—	as long as short
MEXC RAY_USDTlong	−0.0760%	8h	$14.4M	$2.0M	100x
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	$1K	—	150x	as long as short
OKX RAY-USDT-SWAP	+0.0032%	8h	$4.4M	$10.6M	20x	as long as short
Injective RAY/USDC PERPshort	+0.0033%	1h	$266	$25	5.5x
Bullet RAY-USD	+0.0048%	1h	$104K	$46K	10x	as long as short
Gate RAY_USDT	+0.0100%	4h	$596K	$759K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$463K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$2.6M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	—	$2.1M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_RAY_USDC	+0.0100%	4h	$226K	$131K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.1M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$19K	$247K	20x	as long as short
BloFin RAY-USDT	+0.0128%	8h	$254K	$502K	20x	as long as short
Lighter RAY	+0.0536%	1h	$325K	$132K	5x	as long as short
Kraken Futures PF_RAYUSD	+0.1131%	1h	$105K	$315K	10x	as long as short