After costs, if the gap returns to its 7d average, $10k−$64
spread now−0.182%7d average+0.051%fees + slippage, in and out−$40spread needed0.403%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RAY-USDT | 1.7801 | 0.0100 | pay 0.0050% / 4h | 57m 43s | — | $2.1M | — |
| Short | Bullet RAY-USD | 1.7769 | −0.0443 | pay 0.0055% / 1h | 57m 43s | $104K | $47K | 10x |
BingX RAY-USDT
Bullet RAY-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$18.21
- Funding while held
- −$16.28
- Slippage, 4 orders
- −$22.28
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$74.78
- Spread needed to break even
- 0.403%
Slippage from BingX: live order book, 12 min ago; Bullet: live order book, 53 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0543%
- Per $10,000 a day
- −$16.28
- Average in range /8h
- —
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 BingX live order book, 12 min ago | 2.25 bp | 13.7 bp −$14 | 46.3 bp −$463 | 326.6 bp −$32.7K | 556.5 bp −$278.3K |
| Sell Bullet live order book, 53 min ago | 0.28 bp | 5.7 bp −$6 | 11.2 bp −$112 | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Variational Omni1.7717+7.845%BloFin1.7721+7.871%KuCoin1.7763+8.126%
Injective
Variational Omni
BloFin
KuCoinBullet1.7769+8.160%
OKX1.7773+8.187%SunX1.7781+8.236%Kraken Futures1.7786+8.265%gTrade (Gains Network)1.7792+8.302%HTX1.7794+8.315%Orderly1.7795+8.321%
OKX
SunX
Kraken Futures
gTrade (Gains Network)
HTX
OrderlyBingX1.7801+8.358%
Bitget1.7805+8.382%Gate1.7808+8.400%MEXC1.7813+8.431%Lighter1.7831+8.540%
Bitget
Gate
MEXC
LighterRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −7.713% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Variational Omni RAY | −0.473% | −0.0691% | 4h | $608K | $866K | — | as long as short |
| BloFin RAY-USDT | −0.449% | +0.0045% | 8h | $249K | $725K | 20x | as long as short |
| KuCoin RAYUSDTM | −0.213% | +0.0100% | 4h | $2.0M | $539K | 50x | as long as short |
| Bullet RAY-USDshort | −0.182% | −0.0443% | 1h | $104K | $47K | 10x | |
| OKX RAY-USDT-SWAP | −0.157% | −0.0085% | 8h | $4.3M | $11.7M | 20x | as long as short |
| SunX RAY-USDT | −0.112% | +0.0100% | 4h | — | $2.5M | 10x | as long as short |
| Kraken Futures PF_RAYUSD | −0.086% | −0.1304% | 1h | $84K | $350K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.051% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| HTX RAY-USDT | −0.039% | +0.0100% | 4h | $15K | $241K | 20x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_RAY_USDC | −0.034% | +0.0100% | 4h | $231K | $144K | 10x | as long as short |
| BingX RAY-USDTlong | 0.000% | +0.0100% | 4h | — | $2.1M | — | |
| Bitget RAYUSDT | +0.022% | +0.0100% | 4h | $2.6M | $2.8M | 25x | as long as short |
| Gate RAY_USDT | +0.039% | +0.0100% | 4h | $583K | $755K | 25x | as long as short |
| MEXC RAY_USDT | +0.067% | −0.0653% | 8h | $14.0M | $2.0M | 100x | as long as short |
| Lighter RAY | +0.169% | +0.0344% | 1h | $326K | $144K | 5x | as long as short |