RAY

Alert

Funding spread now, next payment 16:00 UTC−0.0050%/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	Orderly PERP_RAY_USDC	1.7866	0.0100	pay 0.0050% / 4h	1h 32m	$232K	$143K	10x
Short	MEXC RAY_USDT	1.7859	0.0050	get 0.0050% / 8h	1h 32m	$14.3M	$2.0M	100x

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 OrderlybpFee MEXCbpOrdersRate

Funding earned: −$10.5
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$20.5
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.039%
Avg gap 7d: −0.039%

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 Orderly no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	3.08 bp	7.1 bp −$7	41.5 bp −$415	93.2 bp −$9,320	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
Variational Omni RAY	−0.0790%	4h	$594K	$846K	—	as long as short
Kraken Futures PF_RAYUSD	−0.0774%	1h	$84K	$339K	10x	as long as short
OKX RAY-USDT-SWAP	−0.0033%	8h	$4.4M	$11.4M	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_USDTshort	+0.0050%	8h	$14.3M	$2.0M	100x
BloFin RAY-USDT	+0.0091%	8h	$252K	$641K	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	$591K	$755K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$511K	50x	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	—	$2.1M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	$105K	$46K	10x	as long as short
Orderly PERP_RAY_USDClong	+0.0100%	4h	$232K	$143K	10x
SunX RAY-USDT	+0.0100%	4h	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$15K	$247K	20x	as long as short
Lighter RAY	+0.0904%	1h	$331K	$141K	5x	as long as short