RAY

Alert

Funding spread now, next payment 16:00 UTC+0.0935%/8h

next payment, per $10,000+$4.68paid, last 24h+0.121%paid, last 3 days+0.246%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 0.246% in total (about 30.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.68 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	1.7700	−0.0835	get 0.0418% / 4h	1h 45m	$531K	$786K	—
Short	HTX RAY-USDT	1.7744	0.0100	get 0.0050% / 4h	1h 45m	$15K	$250K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee HTXbpOrdersRate

Funding earned: $196.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $184.35
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; HTX: live order book, 7 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.250%
Avg gap 7d: +0.007%

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, 10 min ago	5.00 bp	doesn't fit	84.2 bp −$842	doesn't fit	doesn't fit
Sell HTX live order book, 7 min ago	27.43 bp	doesn't fit	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 RAYlong	−0.0835%	4h	$531K	$786K	—
Kraken Futures PF_RAYUSD	−0.0776%	1h	$84K	$338K	10x	as long as short
MEXC RAY_USDT	−0.0522%	8h	$14.3M	$2.0M	100x	as long as short
OKX RAY-USDT-SWAP	−0.0030%	8h	$4.4M	$11.2M	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
BloFin RAY-USDT	+0.0092%	8h	$259K	$625K	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	$589K	$748K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$500K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	$2.6M	$2.7M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX RAY-USDT	+0.0100%	4h	—	$2.2M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	$104K	$46K	10x	as long as short
Orderly PERP_RAY_USDC	+0.0100%	4h	$228K	$135K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.3M	10x	as long as short
HTX RAY-USDTshort	+0.0100%	4h	$15K	$250K	20x
Lighter RAY	+0.1144%	1h	$325K	$134K	5x	as long as short