After costs, if the gap returns to its 7d average, $10k−$128
spread now−0.034%7d average−0.011%fees + slippage, in and out−$125spread needed1.254%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RAY-USDT | 1.7539 | 0.0280 | pay 0.0140% / 4h | 2h 40m | — | $1.9M | — |
| Short | Gate RAY_USDT | 1.7533 | 0.0100 | get 0.0050% / 4h | 2h 40m | $620K | $825K | 25x |
BingX RAY-USDT
Gate RAY_USDTPrice 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
- −$3.42
- Funding while held
- −$5.4
- Slippage, 4 orders
- −$100.35
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$134.17
- Spread needed to break even
- 1.254%
Slippage from BingX: live order book, 13 min ago; Gate: live order book, 62 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0180%
- Per $10,000 a day
- −$5.40
- 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, 13 min ago | 2.56 bp | 13.6 bp −$14 | 35.4 bp −$354 | 333.9 bp −$33.4K | 694.8 bp −$347.4K |
| Sell Gate live order book, 62 min ago | 4.43 bp | 48.5 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Variational Omni1.7500+6.525%Bullet1.7514+6.611%SunX1.7517+6.629%KuCoin1.7518+6.635%HTX1.7519+6.641%BloFin1.7520+6.647%gTrade (Gains Network)1.7523+6.663%Orderly1.7525+6.678%Kraken Futures1.7525+6.679%
Injective
Variational Omni
Bullet
SunX
KuCoin
HTX
BloFin
gTrade (Gains Network)
Orderly
Kraken FuturesGate1.7533+6.726%
MEXC1.7539+6.763%
MEXCBingX1.7539+6.763%
OKX1.7544+6.793%Bitget1.7548+6.818%Lighter1.7569+6.945%
OKX
Bitget
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 | −6.334% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Variational Omni RAY | −0.223% | −0.0679% | 4h | $584K | $948K | — | as long as short |
| Bullet RAY-USD | −0.142% | +0.0100% | 1h | $103K | $47K | 10x | as long as short |
| SunX RAY-USDT | −0.125% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| KuCoin RAYUSDTM | −0.120% | −0.0076% | 4h | $2.0M | $644K | 50x | as long as short |
| HTX RAY-USDT | −0.114% | +0.0100% | 4h | $14K | $204K | 20x | as long as short |
| BloFin RAY-USDT | −0.108% | +0.0030% | 8h | $250K | $792K | 20x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.094% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Orderly PERP_RAY_USDC | −0.080% | +0.0100% | 4h | $229K | $175K | 10x | as long as short |
| Kraken Futures PF_RAYUSD | −0.078% | −0.0712% | 1h | $80K | $374K | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate RAY_USDTshort | −0.034% | +0.0100% | 4h | $620K | $825K | 25x | |
| MEXC RAY_USDT | 0.000% | +0.0050% | 8h | $13.5M | $2.0M | 100x | as long as short |
| BingX RAY-USDTlong | 0.000% | +0.0280% | 4h | — | $1.9M | — | |
| OKX RAY-USDT-SWAP | +0.029% | −0.0093% | 8h | $4.4M | $11.6M | 20x | as long as short |
| Bitget RAYUSDT | +0.051% | +0.0100% | 4h | $2.6M | $2.8M | 25x | as long as short |
| Lighter RAY | +0.171% | +0.0824% | 1h | $331K | $185K | 5x | as long as short |