RAY

Alert

Funding spread now, next payment 16:00 UTC+0.0872%/8h

next payment, per $10,000+$4.36paid, last 24h+0.121%paid, last 3 days+0.122%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.122% in total (about 15.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.36 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	Variational Omni RAY	1.7624	−0.0772	get 0.0386% / 4h	1h 06m	$604K	$866K	—
Short	Gate RAY_USDT	1.7817	0.0100	get 0.0050% / 4h	1h 06m	$584K	$766K	25x

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 GatebpOrdersRate

Funding earned: $183.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $168.13
Break-even: 0.6 days

Slippage unknown: Variational Omni: RFQ quote, 49 min ago; Gate: live order book, 46 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.094%
Avg gap 7d: −0.022%

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, 49 min ago	5.00 bp	doesn't fit	84.2 bp −$842	doesn't fit	doesn't fit
Sell Gate live order book, 46 min ago	4.28 bp	42.1 bp −$42	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
Kraken Futures PF_RAYUSD	−0.0774%	1h	$84K	$348K	10x	as long as short
Variational Omni RAYlong	−0.0772%	4h	$604K	$866K	—
OKX RAY-USDT-SWAP	−0.0070%	8h	$4.4M	$11.7M	20x	as long as short
Bullet RAY-USD	−0.0051%	1h	$105K	$46K	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
MEXC RAY_USDT	+0.0050%	8h	$14.1M	$2.1M	100x	as long as short
BloFin RAY-USDT	+0.0052%	8h	$251K	$726K	20x	as long as short
Gate RAY_USDTshort	+0.0100%	4h	$584K	$766K	25x
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$535K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget RAYUSDT	+0.0100%	4h	$2.7M	$2.8M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	—	$2.1M	—	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$231K	$144K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.5M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$15K	$243K	20x	as long as short
Lighter RAY	+0.0576%	1h	$327K	$144K	5x	as long as short