After costs, if the gap returns to its 7d average, $10k−$127
spread now+0.168%7d average+0.183%fees + slippage, in and out−$125spread needed1.252%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RAY-USDT | 1.7878 | 0.0100 | pay 0.0050% / 4h | 56m 57s | — | $2.1M | — |
| Short | Lighter RAY | 1.7908 | 0.0344 | get 0.0043% / 1h | 56m 57s | $327K | $144K | 5x |
BingX RAY-USDT
Lighter RAYPrice 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
- $16.78
- Funding while held
- $7.32
- Slippage, 4 orders
- −$115.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$101.11
- Spread needed to break even
- 1.252%
Slippage from BingX: live order book, 12 min ago; Lighter: live order book, 49 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0244%
- Per $10,000 a day
- +$7.32
- 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 Lighter live order book, 49 min ago | 16.28 bp | 27.7 bp −$28 | 114.9 bp −$1,149 | 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%HTX1.7826+8.510%KuCoin1.7829+8.528%Bullet1.7837+8.577%BloFin1.7843+8.613%SunX1.7847+8.638%gTrade (Gains Network)1.7851+8.663%Orderly1.7853+8.674%Gate1.7858+8.705%OKX1.7870+8.778%MEXC1.7873+8.796%
Injective
Variational Omni
HTX
KuCoin
Bullet
BloFin
SunX
gTrade (Gains Network)
Orderly
Gate
OKX
MEXCBingX1.7878+8.826%
Bitget1.7885+8.869%Kraken Futures1.7886+8.874%
Bitget
Kraken FuturesLighter1.7908+9.009%
RAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −8.111% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Variational Omni RAY | −0.902% | −0.0691% | 4h | $608K | $866K | — | as long as short |
| HTX RAY-USDT | −0.291% | +0.0100% | 4h | $15K | $241K | 20x | as long as short |
| KuCoin RAYUSDTM | −0.274% | +0.0100% | 4h | $2.0M | $539K | 50x | as long as short |
| Bullet RAY-USD | −0.229% | −0.0537% | 1h | $105K | $47K | 10x | as long as short |
| BloFin RAY-USDT | −0.196% | +0.0040% | 8h | $250K | $730K | 20x | as long as short |
| SunX RAY-USDT | −0.173% | +0.0100% | 4h | — | $2.5M | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.150% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Orderly PERP_RAY_USDC | −0.140% | +0.0100% | 4h | $232K | $144K | 10x | as long as short |
| Gate RAY_USDT | −0.112% | +0.0100% | 4h | $585K | $756K | 25x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX RAY-USDT-SWAP | −0.045% | −0.0085% | 8h | $4.4M | $11.8M | 20x | as long as short |
| MEXC RAY_USDT | −0.028% | −0.0690% | 8h | $14.0M | $2.0M | 100x | as long as short |
| BingX RAY-USDTlong | 0.000% | +0.0100% | 4h | — | $2.1M | — | |
| Bitget RAYUSDT | +0.039% | +0.0100% | 4h | $2.7M | $2.8M | 25x | as long as short |
| Kraken Futures PF_RAYUSD | +0.044% | −0.1296% | 1h | $84K | $350K | 10x | as long as short |
| Lighter RAYshort | +0.168% | +0.0344% | 1h | $327K | $144K | 5x |