Funding you earn now, next payment 07:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.060%
Price spread now: gTrade (Gains Network) against BloFin−0.138%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.138% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RAY-USDT | 1.7526 | 0.0220 | pay 0.0220% / 8h | 1h 45m | $242K | $933K | 20x |
| Short | gTrade (Gains Network) RAY/USD | 1.7502 | L +0.0001% / S +0.0056% | pay 0.0007% / 1h | 45m 53s | $3K | — | 150x |
BloFin RAY-USDT
gTrade (Gains Network) RAY/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$57.87
- Price spread: −0.138% → 0.000%
- −$13.81
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$93.68
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 41 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
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 BloFin live order book, 41 min ago | 3.74 bp | 23.8 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
RAY on 16 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) RAY/USDshort | L +0.0001% / S +0.0056% | 1h | 1.7502 | −0.138% | $3K | — | 150x | |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −6.265% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7524 | −0.011% | $4.2M | $12.9M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7527 | +0.006% | $546K | $1.2M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7524 | −0.011% | $1.9M | $820K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7520 | −0.034% | $2.6M | $4.0M | 25x | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7526 | −0.002% | $675K | $864K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7511 | −0.086% | $66K | $28K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7509 | −0.097% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.7531 | +0.029% | $12K | $91K | 20x | as long as short |
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RAY | +0.0120% | 1h | 1.7542 | +0.091% | $244K | $313K | 5x | as long as short |
| BloFin RAY-USDTlong | +0.0220% | 8h | 1.7526 | long leg | $242K | $933K | 20x | |
| BingX RAY-USDT | +0.0848% | 4h | 1.7522 | −0.023% | — | $2.0M | — | as long as short |
| MEXC RAY_USDT | +0.0927% | 8h | 1.7539 | +0.074% | $11.7M | $2.6M | 100x | as long as short |
| Kraken Futures PF_RAYUSD | +0.1352% | 1h | 1.7542 | +0.094% | $86K | $380K | 10x | as long as short |
| Orderly PERP_RAY_USDC | +0.2255% | 4h | 1.7550 | +0.137% | $306K | $395K | 10x | as long as short |
Lighter RAY
BingX RAY-USDT
MEXC RAY_USDT
Kraken Futures PF_RAYUSD
Orderly PERP_RAY_USDC