RAY

Alert

Funding spread now, next payment 18:00 UTC+0.0756%/8h

paid, last 24h+0.133%paid, last 3 days+0.139%to open and closeno order book

Long on Variational Omni Short on Bullet

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.139% in total (about 17.3% 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	Variational Omni RAY	1.7403	−0.0656	get 0.0328% / 4h	2h 31m	$582K	$948K	—
Short	Bullet RAY-USD	1.7439	0.0100	get 0.0013% / 1h	31m 18s	$102K	$47K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BulletbpOrdersRate

Funding earned: $158.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: $150.66
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 9 min ago; Bullet: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.209%
Avg gap 7d: +0.034%

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 Variational Omni RFQ quote, 9 min ago	5.00 bp	doesn't fit	151.7 bp −$1,517	doesn't fit	doesn't fit
Sell Bullet live order book, 4 min ago	2.01 bp	6.4 bp −$6	9.6 bp −$96	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
Kraken Futures PF_RAYUSD	−0.0716%	1h	$81K	$378K	10x	as long as short
Variational Omni RAYlong	−0.0656%	4h	$582K	$948K	—
OKX RAY-USDT-SWAP	−0.0070%	8h	$4.3M	$11.6M	20x	as long as short
KuCoin RAYUSDTM	−0.0050%	4h	$2.0M	$664K	50x	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
BloFin RAY-USDT	+0.0038%	8h	$252K	$789K	20x	as long as short
MEXC RAY_USDT	+0.0050%	8h	$13.3M	$2.0M	100x	as long as short
Gate RAY_USDT	+0.0100%	4h	$615K	$834K	25x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.5M	$2.9M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bullet RAY-USDshort	+0.0100%	1h	$102K	$47K	10x
Orderly PERP_RAY_USDC	+0.0100%	4h	$225K	$179K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$14K	$202K	20x	as long as short
BingX RAY-USDT	+0.0212%	4h	—	$1.9M	—	as long as short
Lighter RAY	+0.0880%	1h	$329K	$186K	5x	as long as short