RAY

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h−0.007%paid, last 7 days+0.044%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	1.7523	0.0100	pay 0.0050% / 4h	1h 24m	$225K	$181K	10x
Short	SunX RAY-USDT	1.7509	0.0100	get 0.0050% / 4h	1h 24m	—	$2.6M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee SunXbpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 5 bp × 2 orders: −$10
Net: −$16
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.080%
Avg gap 7d: −0.036%

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 SunX live order book, 9 min ago	45.26 bp	64.9 bp −$65	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_RAYUSD	−0.1042%	1h	$81K	$381K	10x	as long as short
Variational Omni RAY	−0.0173%	4h	$581K	$938K	—	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	$2K	—	150x	as long as short
OKX RAY-USDT-SWAP	+0.0027%	8h	$4.4M	$11.8M	20x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	$13.5M	$2.0M	100x	as long as short
Gate RAY_USDT	+0.0100%	4h	$599K	$891K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$686K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$2.9M	25x	as long as short
Bullet RAY-USD	+0.0100%	1h	$103K	$46K	10x	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	$181K	10x
SunX RAY-USDTshort	+0.0100%	4h	—	$2.6M	10x
HTX RAY-USDT	+0.0100%	4h	$14K	$186K	20x	as long as short
BloFin RAY-USDT	+0.0116%	8h	$252K	$719K	20x	as long as short
BingX RAY-USDT	+0.0568%	4h	—	$1.9M	—	as long as short
Lighter RAY	+0.0720%	1h	$320K	$181K	5x	as long as short