After costs, if the gap returns to its 7d average, $10k−$86
spread now−0.028%7d average−0.023%fees + slippage, in and out−$86spread needed0.856%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget RAYUSDT | 1.7594 | 0.0100 | pay 0.0050% / 4h | 1h 50m | $2.6M | $2.7M | 25x |
| Short | OKX RAY-USDT-SWAP | 1.7589 | −0.0032 | pay 0.0032% / 8h | 1h 50m | $4.4M | $10.9M | 20x |
Bitget RAYUSDT
OKX RAY-USDT-SWAPPrice 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
- −$2.84
- Funding while held
- −$3.95
- Slippage, 4 orders
- −$63.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$92.41
- Spread needed to break even
- 0.856%
Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0132%
- Per $10,000 a day
- −$3.95
- 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, 4 min ago | 3.15 bp | 20.9 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.55 bp | 27.8 bp −$28 | 139.7 bp −$1,397 | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
BloFin1.7492+6.477%Variational Omni1.7522+6.657%HTX1.7531+6.714%KuCoin1.7581+7.019%Gate1.7583+7.031%Kraken Futures1.7583+7.034%
Injective
BloFin
Variational Omni
HTX
KuCoin
Gate
Kraken FuturesOKX1.7589+7.067%
gTrade (Gains Network)1.7590+7.073%SunX1.7590+7.073%MEXC1.7592+7.085%
gTrade (Gains Network)
SunX
MEXCBitget1.7594+7.098%
Bullet1.7595+7.103%BingX1.7596+7.110%Orderly1.7597+7.116%Lighter1.7634+7.341%
Bullet
BingX
Orderly
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 | −6.627% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| BloFin RAY-USDT | −0.580% | +0.0084% | 8h | $253K | $581K | 20x | as long as short |
| Variational Omni RAY | −0.412% | −0.0899% | 4h | $467K | $729K | — | as long as short |
| HTX RAY-USDT | −0.358% | +0.0100% | 4h | $15K | $251K | 20x | as long as short |
| KuCoin RAYUSDTM | −0.074% | +0.0100% | 4h | $2.0M | $496K | 50x | as long as short |
| Gate RAY_USDT | −0.063% | +0.0100% | 4h | $582K | $746K | 25x | as long as short |
| Kraken Futures PF_RAYUSD | −0.060% | −0.0786% | 1h | $83K | $338K | 10x | as long as short |
| OKX RAY-USDT-SWAPshort | −0.028% | −0.0032% | 8h | $4.4M | $10.9M | 20x | |
| gTrade (Gains Network) RAY/USD | −0.023% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| SunX RAY-USDT | −0.023% | +0.0100% | 4h | — | $2.3M | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC RAY_USDT | −0.011% | −0.0732% | 8h | $14.1M | $2.0M | 100x | as long as short |
| Bitget RAYUSDTlong | 0.000% | +0.0100% | 4h | $2.6M | $2.7M | 25x | |
| Bullet RAY-USD | +0.005% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
| BingX RAY-USDT | +0.011% | +0.0100% | 4h | — | $2.2M | — | as long as short |
| Orderly PERP_RAY_USDC | +0.017% | +0.0100% | 4h | $226K | $132K | 10x | as long as short |
| Lighter RAY | +0.227% | +0.0912% | 1h | $322K | $134K | 5x | as long as short |