RAY

Alert

Funding spread now, next payment 19:00 UTC+0.0149%/8h

paid, last 24h+0.117%paid, last 3 days+0.023%to open and closeno order book

Long on Variational Omni Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RAY	1.7506	−0.0205	get 0.0102% / 4h	1h 27m	$581K	$938K	—
Short	gTrade (Gains Network) RAY/USD	1.7560	L +0.0001% / S +0.0056%	pay 0.0007% / 1h	27m 26s	$2K	—	150x

Funding history

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Funding on every exchange

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Profit calculator

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

Funding earned: $31.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $21.31
Break-even: 2.2 days

Slippage unknown: Variational Omni: RFQ quote, 8 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.310%
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 Variational Omni RFQ quote, 8 min ago	5.58 bp	doesn't fit	116.6 bp −$1,166	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
Kraken Futures PF_RAYUSD	−0.1040%	1h	$81K	$381K	10x	as long as short
Variational Omni RAYlong	−0.0205%	4h	$581K	$938K	—
gTrade (Gains Network) RAY/USDshort	L +0.0001% / S +0.0056%	1h	$2K	—	150x
OKX RAY-USDT-SWAP	+0.0025%	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
BloFin RAY-USDT	+0.0087%	8h	$250K	$719K	20x	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_USDC	+0.0100%	4h	$226K	$181K	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	$187K	20x	as long as short
BingX RAY-USDT	+0.0556%	4h	—	$1.9M	—	as long as short
MEXC RAY_USDT	+0.0630%	8h	$13.5M	$2.0M	100x	as long as short
Lighter RAY	+0.0792%	1h	$321K	$180K	5x	as long as short