RAY

Alert

Funding spread now, next payment 17:00 UTC−0.0156%/8h

paid, last 24h−0.047%paid, last 3 days−0.259%to open and closeno order book

Long on SunX Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX RAY-USDT	1.7805	0.0100	pay 0.0050% / 4h	3h 55m	—	$2.7M	10x
Short	gTrade (Gains Network) RAY/USD	1.7822	L +0.0001% / S +0.0056%	pay 0.0007% / 1h	55m 31s	$2K	—	150x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$32.67
Slippage, 4 orders: no order book: not counted
Fee SunX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$52.67
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.098%
Avg gap 7d: —

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, 8 min ago	45.82 bp	64.8 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0784%	4h	$626K	$881K	—	as long as short
MEXC RAY_USDT	−0.0621%	8h	$13.7M	$1.9M	100x	as long as short
OKX RAY-USDT-SWAP	−0.0122%	8h	$4.4M	$11.9M	20x	as long as short
Bullet RAY-USD	−0.0034%	1h	$105K	$47K	10x	as long as short
KuCoin RAYUSDTM	−0.0028%	4h	$2.1M	$612K	50x	as long as short
BloFin RAY-USDT	−0.0004%	8h	$250K	$797K	20x	as long as short
gTrade (Gains Network) RAY/USDshort	L +0.0001% / S +0.0056%	1h	$2K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	$266	$25	5.5x	as long as short
Gate RAY_USDT	+0.0100%	4h	$591K	$755K	25x	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	—	$2.0M	—	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$236K	$149K	10x	as long as short
SunX RAY-USDTlong	+0.0100%	4h	—	$2.7M	10x
HTX RAY-USDT	+0.0100%	4h	$14K	$222K	20x	as long as short
Lighter RAY	+0.0448%	1h	$319K	$151K	5x	as long as short
Kraken Futures PF_RAYUSD	+0.0780%	1h	$83K	$381K	10x	as long as short