RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.098%

Price spread now: MEXC against BingX−0.006%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.485% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.964%−$96 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.006%, 7d avg +0.012%

Together, before fees−0.936%−$94 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RAY-USDT	1.7449	0.0728	pay 0.0364% / 4h	2h 34m	—	$2.0M	—
Short	MEXC RAY_USDT	1.7448	0.0711	get 0.0711% / 8h	2h 34m	$11.8M	$2.5M	100x

Funding history

latest

Range statsloading…

MEXC against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BingXbpFee MEXCbpOrdersPrice spread, now −0.006%Rate

Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 4 min ago.

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, 8 min ago	2.59 bp	11.2 bp −$11	38.3 bp −$383	291.4 bp −$29.1K	710.9 bp −$355.5K
Sell MEXC live order book, 4 min ago	7.17 bp	11.8 bp −$12	50.9 bp −$509	122.9 bp −$12.3K	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_RAYUSD	−0.1576%	1h	1.7543	+0.541%	$86K	$397K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.7484	+0.200%	$432	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−5.851%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7434	−0.086%	$4.2M	$12.9M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7458	+0.052%	$546K	$1.2M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7453	+0.023%	$1.9M	$831K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7447	−0.011%	$2.6M	$4.0M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.7444	−0.030%	$671K	$870K	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.7502	+0.306%	$66K	$66K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.7506	+0.327%	—	$2.4M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX RAY-USDT	+0.0100%	4h	1.7439	−0.057%	$13K	$91K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7496	+0.269%	$247K	$932K	20x	as long as short
Lighter RAY	+0.0480%	1h	1.7465	+0.092%	$246K	$309K	5x	as long as short
MEXC RAY_USDTshort	+0.0711%	8h	1.7448	−0.006%	$11.8M	$2.5M	100x
BingX RAY-USDTlong	+0.0728%	4h	1.7449	long leg	—	$2.0M	—
Orderly PERP_RAY_USDC	+0.1866%	4h	1.7539	+0.516%	$314K	$391K	10x	as long as short