After costs, if the gap returns to its 7d average, $10k−$68
spread now−0.063%7d average−0.019%fees + slippage, in and out−$64spread needed0.638%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget RAYUSDT | 1.7355 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $2.6M | $2.9M | 25x |
| Short | BingX RAY-USDT | 1.7344 | 0.0390 | get 0.0195% / 4h | 1h 58m | — | $1.9M | — |
Bitget RAYUSDT
BingX 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
- −$6.34
- Funding while held
- $8.7
- Slippage, 4 orders
- −$41.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$61.42
- Spread needed to break even
- 0.638%
Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0290%
- Per $10,000 a day
- +$8.70
- 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 Bitget live order book, 5 min ago | 3.17 bp | 20.2 bp −$20 | 41.2 bp −$412 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 1.43 bp | 13.6 bp −$14 | 39.8 bp −$398 | 224.3 bp −$22.4K | 648.8 bp −$324.4K |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Kraken Futures1.7268+5.112%KuCoin1.7337+5.533%
Injective
Kraken Futures
KuCoinBingX1.7344+5.576%
SunX1.7345+5.582%OKX1.7346+5.588%Bullet1.7346+5.588%Gate1.7348+5.600%gTrade (Gains Network)1.7350+5.612%HTX1.7354+5.637%MEXC1.7355+5.643%
SunX
OKX
Bullet
Gate
gTrade (Gains Network)
HTX
MEXCBitget1.7355+5.643%
BloFin1.7356+5.649%Orderly1.7358+5.661%Variational Omni1.7365+5.705%Lighter1.7385+5.825%
BloFin
Orderly
Variational Omni
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 | −5.341% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Kraken Futures PF_RAYUSD | −0.503% | −0.1055% | 1h | $80K | $383K | 10x | as long as short |
| KuCoin RAYUSDTM | −0.104% | +0.0020% | 4h | $2.0M | $681K | 50x | as long as short |
| BingX RAY-USDTshort | −0.063% | +0.0390% | 4h | — | $1.9M | — | |
| SunX RAY-USDT | −0.058% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| OKX RAY-USDT-SWAP | −0.052% | −0.0015% | 8h | $4.3M | $11.5M | 20x | as long as short |
| Bullet RAY-USD | −0.052% | +0.0100% | 1h | $102K | $46K | 10x | as long as short |
| Gate RAY_USDT | −0.040% | +0.0100% | 4h | $596K | $873K | 25x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.029% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| HTX RAY-USDT | −0.006% | +0.0100% | 4h | $14K | $194K | 20x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC RAY_USDT | 0.000% | +0.0614% | 8h | $13.4M | $2.0M | 100x | as long as short |
| Bitget RAYUSDTlong | 0.000% | +0.0100% | 4h | $2.6M | $2.9M | 25x | |
| BloFin RAY-USDT | +0.006% | +0.0103% | 8h | $252K | $746K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.017% | +0.0100% | 4h | $223K | $182K | 10x | as long as short |
| Variational Omni RAY | +0.058% | −0.0435% | 4h | $574K | $944K | — | as long as short |
| Lighter RAY | +0.173% | +0.0800% | 1h | $320K | $178K | 5x | as long as short |