RAY

Alert

Funding spread now, next payment 16:00 UTC+0.0811%/8h

paid, last 24h+0.028%paid, last 7 days+0.770%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RAY_USDT	1.7572	−0.0711	get 0.0711% / 8h	2h 31m	$14.4M	$2.0M	100x
Short	Orderly PERP_RAY_USDC	1.7592	0.0100	get 0.0050% / 4h	2h 31m	$225K	$131K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee OrderlybpOrdersRate

Funding earned: $170.31
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: $160.31
Break-even: 0.4 days

Slippage unknown: MEXC: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.114%
Avg gap 7d: +0.037%

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, 4 min ago	3.39 bp	9.1 bp −$9	45.0 bp −$450	120.0 bp −$12.0K	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	−0.0975%	4h	$364K	$609K	—	as long as short
MEXC RAY_USDTlong	−0.0711%	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	+0.0030%	8h	$4.3M	$10.6M	20x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	$266	$25	5.5x	as long as short
Bullet RAY-USD	+0.0059%	1h	$103K	$46K	10x	as long as short
Gate RAY_USDT	+0.0100%	4h	$591K	$762K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$465K	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_USDCshort	+0.0100%	4h	$225K	$131K	10x
SunX RAY-USDT	+0.0100%	4h	—	$2.1M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$19K	$246K	20x	as long as short
BloFin RAY-USDT	+0.0129%	8h	$256K	$501K	20x	as long as short
Lighter RAY	+0.0552%	1h	$324K	$132K	5x	as long as short
Kraken Futures PF_RAYUSD	+0.1138%	1h	$94K	$326K	10x	as long as short