RAY

Alert

Funding spread now, next payment 17:00 UTC+0.0677%/8h

paid, last 24h−0.057%paid, last 7 days+0.054%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.054% in total (about 2.8% a year). A funding rate is set anew for every payment. 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	1.7886	0.0100	pay 0.0050% / 4h	3h 50m	—	$2.7M	10x
Short	Kraken Futures PF_RAYUSD	1.7887	0.0777	get 0.0097% / 1h	50m 13s	$83K	$381K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee Kraken FuturesbpOrdersRate

Funding earned: $142.19
Slippage, 4 orders: no order book: not counted
Fee SunX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $122.19
Break-even: 1.0 days

Slippage unknown: SunX: live order book, 3 min ago; Kraken Futures: live order book, 59 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.003%
Avg gap 7d: +0.153%

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, 3 min ago	45.44 bp	64.6 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 59 min ago	25.68 bp	76.1 bp −$76	doesn't fit	doesn't fit	doesn't fit

RAY on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni RAY	−0.0792%	4h	$630K	$881K	—	as long as short
MEXC RAY_USDT	−0.0468%	8h	$13.8M	$1.9M	100x	as long as short
OKX RAY-USDT-SWAP	−0.0115%	8h	$4.5M	$12.0M	20x	as long as short
KuCoin RAYUSDTM	−0.0034%	4h	$2.1M	$614K	50x	as long as short
BloFin RAY-USDT	0.0000%	8h	$252K	$806K	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
Bullet RAY-USD	+0.0046%	1h	$105K	$47K	10x	as long as short
Gate RAY_USDT	+0.0100%	4h	$592K	$757K	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	$148K	10x	as long as short
SunX RAY-USDTlong	+0.0100%	4h	—	$2.7M	10x
HTX RAY-USDT	+0.0100%	4h	$14K	$221K	20x	as long as short
Lighter RAY	+0.0368%	1h	$319K	$151K	5x	as long as short
Kraken Futures PF_RAYUSDshort	+0.0777%	1h	$83K	$381K	10x