Spread before costs (cost unknown: a leg has no order-book sample)−8.825%
7d average—if it closes, per $10,000$882funding while held, a day−$24.86
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RAY-USDT | 1.8018 | 0.0862 | pay 0.0431% / 4h | 59m 09s | — | $1.9M | — |
| Short | Injective RAY/USDC PERP | 1.6428 | 0.0033 | get 0.0004% / 1h | 59m 09s | $266 | $25 | 5.5x |
BingX RAY-USDT
Injective RAY/USDC PERPPrice 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
- −$882.45
- Funding while held
- −$24.86
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$917.33
- Spread needed to break even
- 0.100%
Slippage unknown: BingX: live order book, 10 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0829%
- Per $10,000 a day
- −$24.86
- 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, 10 min ago | 2.80 bp | 15.6 bp −$16 | 38.5 bp −$385 | 290.4 bp −$29.0K | 605.4 bp −$302.7K |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Variational Omni1.7848+8.643%HTX1.7939+9.198%Kraken Futures1.7969+9.380%gTrade (Gains Network)1.7984+9.473%KuCoin1.7988+9.496%Orderly1.8006+9.606%Gate1.8017+9.673%
Variational Omni
HTX
Kraken Futures
gTrade (Gains Network)
KuCoin
Orderly
GateBingX1.8018+9.679%
BloFin1.8020+9.691%Bullet1.8024+9.715%Lighter1.8043+9.831%OKX1.8045+9.843%SunX1.8047+9.855%MEXC1.8048+9.861%Bitget1.8058+9.922%
BloFin
Bullet
Lighter
OKX
SunX
MEXC
BitgetRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERPshort | −8.825% | +0.0033% | 1h | $266 | $25 | 5.5x | |
| Variational Omni RAY | −0.944% | +0.0034% | 4h | $611K | $962K | — | as long as short |
| HTX RAY-USDT | −0.438% | +0.0100% | 4h | $14K | $180K | 20x | as long as short |
| Kraken Futures PF_RAYUSD | −0.272% | −0.1387% | 1h | $88K | $387K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.187% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| KuCoin RAYUSDTM | −0.167% | +0.0100% | 4h | $2.0M | $705K | 50x | as long as short |
| Orderly PERP_RAY_USDC | −0.067% | +0.0100% | 4h | $232K | $181K | 10x | as long as short |
| Gate RAY_USDT | −0.006% | +0.0100% | 4h | $607K | $918K | 25x | as long as short |
| BingX RAY-USDTlong | 0.000% | +0.0862% | 4h | — | $1.9M | — | |
| BloFin RAY-USDT | +0.011% | +0.0177% | 8h | $254K | $766K | 20x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bullet RAY-USD | +0.033% | +0.0216% | 1h | $106K | $46K | 10x | as long as short |
| Lighter RAY | +0.139% | +0.0936% | 1h | $322K | $188K | 5x | as long as short |
| OKX RAY-USDT-SWAP | +0.150% | +0.0060% | 8h | $4.4M | $12.3M | 20x | as long as short |
| SunX RAY-USDT | +0.161% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| MEXC RAY_USDT | +0.167% | +0.0789% | 8h | $13.9M | $2.0M | 100x | as long as short |
| Bitget RAYUSDT | +0.222% | +0.0100% | 4h | $2.7M | $3.0M | 25x | as long as short |