RAY

Alert

Funding spread now, next payment 16:00 UTC+0.0869%/8h

paid, last 24h+0.109%paid, last 3 days+0.171%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 0.171% in total (about 21.4% 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	1.7522	−0.0899	get 0.0449% / 4h	1h 49m	$467K	$729K	—
Short	OKX RAY-USDT-SWAP	1.7560	−0.0030	pay 0.0030% / 8h	1h 49m	$4.4M	$10.9M	20x

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 OKXbpOrdersRate

Funding earned: $182.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $172.46
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 6 min ago; OKX: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.220%
Avg gap 7d: −0.015%

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, 6 min ago	5.00 bp	doesn't fit	84.2 bp −$842	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.56 bp	28.3 bp −$28	135.9 bp −$1,359	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	−0.0899%	4h	$467K	$729K	—
Kraken Futures PF_RAYUSD	−0.0785%	1h	$84K	$337K	10x	as long as short
OKX RAY-USDT-SWAPshort	−0.0030%	8h	$4.4M	$10.9M	20x
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	$2.0M	100x	as long as short
BloFin RAY-USDT	+0.0088%	8h	$255K	$585K	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	$583K	$746K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	$2.0M	$496K	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	$226K	$132K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	—	$2.3M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	$15K	$251K	20x	as long as short
Lighter RAY	+0.1208%	1h	$322K	$134K	5x	as long as short