data as of
Settings8H · net · $10k
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Price arb /

RAY

all RAY markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$48
spread now+0.022%7d average−0.002%fees + slippage, in and out−$51spread needed0.507%
Long on BitgetShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RAYUSDT1.79620.0100pay 0.0050% / 4h11m 21s$2.7M$2.8M25x
ShortMEXC RAY_USDT1.7966−0.0341pay 0.0341% / 8h11m 21s$14.0M$2.1M100x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$2.23
Funding while held
−$13.23
Slippage, 4 orders
−$34.69
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$61.69
Spread needed to break even
0.507%
Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0441%
Per $10,000 a day
−$13.23
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago2.52 bp21.3 bp −$2162.2 bp −$622doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago1.40 bp5.8 bp −$641.4 bp −$414110.1 bp −$11.0Kdoesn't fit

RAY price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.6428cheapest
Variational Omni1.7741+7.995%BloFin1.7877+8.820%HTX1.7882+8.851%SunX1.7934+9.167%KuCoin1.7939+9.198%OKX1.7946+9.240%Bullet1.7955+9.294%Gate1.7960+9.326%gTrade (Gains Network)1.7961+9.331%BingX1.7961+9.332%
Bitget1.7962+9.338%
MEXC1.7966+9.362%
Orderly1.7968+9.374%Kraken Futures1.7982+9.458%Lighter1.7990+9.508%

RAY on 16 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RAY/USDC PERP−8.540%+0.0033%1h$266$255.5xas long as short
Variational Omni RAY−1.228%−0.0739%4h$628K$895K—as long as short
BloFin RAY-USDT−0.473%+0.0005%8h$255K$755K20xas long as short
HTX RAY-USDT−0.445%+0.0100%4h$15K$225K20xas long as short
SunX RAY-USDT−0.156%+0.0100%4h—$2.6M10xas long as short
KuCoin RAYUSDTM−0.128%+0.0002%4h$2.1M$597K50xas long as short
OKX RAY-USDT-SWAP−0.089%−0.0110%8h$4.4M$12.0M20xas long as short
Bullet RAY-USD−0.040%−0.0295%1h$106K$47K10xas long as short
Gate RAY_USDT−0.011%+0.0100%4h$594K$794K25xas long as short
gTrade (Gains Network) RAY/USD−0.006%L +0.0001% / S +0.0056%1h$2K—150xas long as short
Show all 16 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX RAY-USDT−0.006%+0.0100%4h—$2.0M—as long as short
Bitget RAYUSDTlong0.000%+0.0100%4h$2.7M$2.8M25x
MEXC RAY_USDTshort+0.022%−0.0341%8h$14.0M$2.1M100x
Orderly PERP_RAY_USDC+0.033%+0.0100%4h$237K$150K10xas long as short
Kraken Futures PF_RAYUSD+0.110%−0.1289%1h$88K$355K10xas long as short
Lighter RAY+0.156%+0.0264%1h$324K$149K5xas long as short