RAY

Alert

Funding spread now, next payment 20:00 UTC+0.0680%/8h

next payment, per $10,000+$3.40paid, last 24h+0.037%paid, last 7 days+0.175%to open and close $10k−$160

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.175% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.40 per $10,000. 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	SunX RAY-USDT	1.8024	0.0100	pay 0.0050% / 4h	54m 36s	—	$2.6M	10x
Short	BingX RAY-USDT	1.8000	0.0780	get 0.0390% / 4h	54m 36s	—	$1.9M	—

Funding history

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee BingXbpOrdersRate

Funding earned: $142.8
Slippage, 4 orders: −$140.07
Fee SunX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.27
Break-even: 7.8 days

Slippage from SunX: live order book, 9 min ago; BingX: live order book, 15 min ago.

Price risk

price view

Price gap now: −0.133%
Avg gap 7d: −0.002%

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 SunX live order book, 9 min ago	44.96 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	2.80 bp	15.1 bp −$15	39.6 bp −$396	277.3 bp −$27.7K	664.3 bp −$332.1K

RAY on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_RAYUSD	−0.1385%	1h	$89K	$387K	10x	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
OKX RAY-USDT-SWAP	+0.0066%	8h	$4.5M	$12.3M	20x	as long as short
Variational Omni RAY	+0.0088%	4h	$624K	$971K	—	as long as short
Gate RAY_USDT	+0.0100%	4h	$606K	$922K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$710K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.7M	$3.0M	25x	as long as short
Bullet RAY-USD	+0.0100%	1h	$106K	$46K	10x	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$232K	$180K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX RAY-USDTlong	+0.0100%	4h	—	$2.6M	10x
HTX RAY-USDT	+0.0100%	4h	$14K	$180K	20x	as long as short
BloFin RAY-USDT	+0.0184%	8h	$251K	$765K	20x	as long as short
MEXC RAY_USDT	+0.0753%	8h	$13.9M	$2.1M	100x	as long as short
BingX RAY-USDTshort	+0.0780%	4h	—	$1.9M	—
Lighter RAY	+0.1088%	1h	$328K	$194K	5x	as long as short