RAY

Alert

Funding spread now, next payment 16:00 UTC−0.0067%/8h

paid, last 24h−0.026%paid, last 7 days−0.025%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	1.7605	0.0100	pay 0.0050% / 4h	2h 32m	$225K	$131K	10x
Short	OKX RAY-USDT-SWAP	1.7589	0.0033	get 0.0033% / 8h	2h 32m	$4.4M	$10.6M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee OKXbpOrdersRate

Funding earned: −$14.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.06
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.091%
Avg gap 7d: −0.074%

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 OKX live order book, 2 min ago	1.98 bp	23.6 bp −$24	100.2 bp −$1,002	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
Variational Omni RAY	−0.0975%	4h	$364K	$609K	—	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	$1K	—	150x	as long as short
OKX RAY-USDT-SWAPshort	+0.0033%	8h	$4.4M	$10.6M	20x
Injective RAY/USDC PERP	+0.0033%	1h	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	$14.4M	$2.0M	100x	as long as short
Bullet RAY-USD	+0.0056%	1h	$103K	$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_USDClong	+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	$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	+0.1137%	1h	$94K	$326K	10x	as long as short