Funding spread now, next payment 16:00 UTC−0.1390%/8h
paid, last 24h−0.037%paid, last 7 days+0.126%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.126% in total (about 6.6% 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 | Orderly PERP_RAY_USDC | 1.7956 | 0.0100 | pay 0.0050% / 4h | 40m 02s | $237K | $151K | 10x |
| Short | Kraken Futures PF_RAYUSD | 1.7973 | −0.1290 | pay 0.0161% / 1h | 40m 02s | $85K | $352K | 10x |
Orderly PERP_RAY_USDC
Kraken Futures PF_RAYUSDFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- −$291.91
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$307.91
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 9 min ago. Net counts fees only.
Price risk
price view- Price gap now
- +0.096%
- Avg gap 7d
- +0.121%
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 9 min ago | 25.68 bp | 76.1 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSDshort | −0.1290% | 1h | $85K | $352K | 10x | |
| Variational Omni RAY | −0.0626% | 4h | $615K | $870K | — | as long as short |
| MEXC RAY_USDT | −0.0528% | 8h | $14.0M | $2.1M | 100x | as long as short |
| Bullet RAY-USD | −0.0379% | 1h | $106K | $47K | 10x | as long as short |
| OKX RAY-USDT-SWAP | −0.0108% | 8h | $4.4M | $12.0M | 20x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| BloFin RAY-USDT | +0.0013% | 8h | $251K | $736K | 20x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| KuCoin RAYUSDTM | +0.0078% | 4h | $2.1M | $594K | 50x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | $586K | $776K | 25x | as long as short |
Variational Omni RAY
MEXC RAY_USDT
Bullet RAY-USD
OKX RAY-USDT-SWAP
gTrade (Gains Network) RAY/USD
BloFin RAY-USDT
Injective RAY/USDC PERP
KuCoin RAYUSDTM
Gate RAY_USDTShow all 16 venues
| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| Bitget RAYUSDT | +0.0100% | 4h | $2.7M | $2.9M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | — | $2.1M | — | as long as short |
| Orderly PERP_RAY_USDClong | +0.0100% | 4h | $237K | $151K | 10x | |
| SunX RAY-USDT | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | $15K | $237K | 20x | as long as short |
| Lighter RAY | +0.0544% | 1h | $327K | $146K | 5x | as long as short |
Bitget RAYUSDT
BingX RAY-USDT
SunX RAY-USDT
HTX RAY-USDT
Lighter RAY