RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: KuCoin against Bitget−0.005%7-day average −0.016% · 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−$139as in the Price arb table

costs, in and out, $10k−$1401.401% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.036%−$4 · spread now −0.005%, 7d avg −0.016%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget RAYUSDT	1.8423	0.0100	pay 0.0050% / 4h	1h 17m	$2.7M	$3.5M	25x
Short	KuCoin RAYUSDTM	1.8422	0.0100	get 0.0050% / 4h	1h 17m	$2.0M	$762K	50x

Funding history

latest

Range statsloading…

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.005%Rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: 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 Bitget live order book, 5 min ago	3.80 bp	22.3 bp −$22	80.6 bp −$806	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	10.04 bp	27.8 bp −$28	332.8 bp −$3,328	doesn't fit	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	−0.2285%	1h	1.8474	+0.276%	$99K	$438K	10x	as long as short
MEXC RAY_USDT	−0.0382%	8h	1.8424	+0.005%	$13.5M	$2.5M	100x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8469	+0.248%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−10.829%	$266	$25	5.5x	as long as short
Lighter RAY	+0.0096%	1h	1.8447	+0.130%	$298K	$252K	5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8419	−0.022%	$4.6M	$13.3M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8413	−0.054%	$574K	$1.1M	25x	as long as short
KuCoin RAYUSDTMshort	+0.0100%	4h	1.8422	−0.005%	$2.0M	$762K	50x
Bitget RAYUSDTlong	+0.0100%	4h	1.8423	long leg	$2.7M	$3.5M	25x
BingX RAY-USDT	+0.0100%	4h	1.8427	+0.022%	—	$2.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RAY	+0.0100%	4h	1.8429	+0.034%	$732K	$1.0M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.8472	+0.267%	$108K	$47K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.8477	+0.293%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8460	+0.201%	$15K	$134K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8409	−0.076%	$259K	$867K	20x	as long as short
Orderly PERP_RAY_USDC	+0.0493%	4h	1.8494	+0.385%	$256K	$248K	10x	as long as short