RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.037%

Price spread now: BloFin against OKX+0.028%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.028%, 7d avg −0.011%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.039% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RAY-USDT-SWAP	1.7624	0.0100	pay 0.0100% / 8h	12m 46s	$4.2M	$12.8M	20x
Short	BloFin RAY-USDT	1.7629	0.0220	get 0.0220% / 8h	12m 46s	$241K	$876K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.028%Rate

Funding earned: $25.2
Price spread: +0.028% → −0.011%: $3.91
Slippage, 4 orders: −$70.23
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$63.12
Costs to cover: 0.922%
Break-even: 24.5 days

Slippage from OKX: live order book, just now; BloFin: live order book, 4 min ago.

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 OKX live order book, just now	1.99 bp	29.8 bp −$30	144.3 bp −$1,443	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	2.56 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit

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	1.7618	−0.033%	$3K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−6.786%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.7635	+0.062%	$11.7M	$2.5M	100x	as long as short
OKX RAY-USDT-SWAPlong	+0.0100%	8h	1.7624	long leg	$4.2M	$12.8M	20x
Gate RAY_USDT	+0.0100%	4h	1.7626	+0.011%	$550K	$1.2M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7622	−0.011%	$1.8M	$831K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7640	+0.091%	$2.6M	$4.0M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7628	+0.023%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7589	−0.197%	$657K	$811K	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.7633	+0.052%	$66K	$28K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	1.7636	+0.068%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7708	+0.477%	$13K	$90K	20x	as long as short
Lighter RAY	+0.0184%	1h	1.7648	+0.136%	$229K	$335K	5x	as long as short
BloFin RAY-USDTshort	+0.0220%	8h	1.7629	+0.028%	$241K	$876K	20x
Kraken Futures PF_RAYUSD	+0.1611%	1h	1.7655	+0.176%	$93K	$385K	10x	as long as short
Orderly PERP_RAY_USDC	+0.2153%	4h	1.7666	+0.238%	$312K	$396K	10x	as long as short