After costs, if the gap returns to its 7d average, $10k−$56
spread now+0.028%7d average+0.036%fees + slippage, in and out−$55spread needed0.550%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RAY-USDT | 1.7966 | 0.0005 | pay 0.0005% / 8h | 7h 48m | $253K | $820K | 20x |
| Short | MEXC RAY_USDT | 1.7971 | 0.0050 | get 0.0050% / 8h | 7h 48m | $13.9M | $1.9M | 100x |
BloFin RAY-USDT
MEXC 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
- $2.78
- Funding while held
- $1.36
- Slippage, 4 orders
- −$39.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$50.88
- Spread needed to break even
- 0.550%
Slippage from BloFin: live order book, 55 min ago; MEXC: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0045%
- Per $10,000 a day
- +$1.36
- 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 BloFin live order book, 55 min ago | 0.56 bp | 26.7 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.39 bp | 6.1 bp −$6 | 49.7 bp −$497 | 122.6 bp −$12.3K | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Variational Omni1.7826+8.507%SunX1.7926+9.119%Bullet1.7945+9.234%BingX1.7956+9.301%OKX1.7957+9.307%Gate1.7961+9.332%
Injective
Variational Omni
SunX
Bullet
BingX
OKX
GateBloFin1.7966+9.362%
gTrade (Gains Network)1.7967+9.369%
gTrade (Gains Network)MEXC1.7971+9.393%
HTX1.7973+9.405%Kraken Futures1.7973+9.407%Orderly1.7975+9.417%KuCoin1.8007+9.612%Bitget1.8015+9.660%Lighter1.8063+9.953%
HTX
Kraken Futures
Orderly
KuCoin
Bitget
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 | −8.561% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Variational Omni RAY | −0.782% | −0.0792% | 4h | $630K | $881K | — | as long as short |
| SunX RAY-USDT | −0.223% | +0.0100% | 4h | — | $2.7M | 10x | as long as short |
| Bullet RAY-USD | −0.117% | +0.0047% | 1h | $105K | $47K | 10x | as long as short |
| BingX RAY-USDT | −0.056% | +0.0100% | 4h | — | $2.0M | — | as long as short |
| OKX RAY-USDT-SWAP | −0.050% | −0.0111% | 8h | $4.5M | $12.1M | 20x | as long as short |
| Gate RAY_USDT | −0.028% | +0.0100% | 4h | $624K | $775K | 25x | as long as short |
| BloFin RAY-USDTlong | 0.000% | +0.0005% | 8h | $253K | $820K | 20x | |
| gTrade (Gains Network) RAY/USD | +0.006% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| MEXC RAY_USDTshort | +0.028% | +0.0050% | 8h | $13.9M | $1.9M | 100x |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX RAY-USDT | +0.039% | +0.0100% | 4h | $14K | $221K | 20x | as long as short |
| Kraken Futures PF_RAYUSD | +0.041% | +0.0773% | 1h | $84K | $381K | 10x | as long as short |
| Orderly PERP_RAY_USDC | +0.050% | +0.0100% | 4h | $237K | $148K | 10x | as long as short |
| KuCoin RAYUSDTM | +0.228% | −0.0026% | 4h | $2.1M | $613K | 50x | as long as short |
| Bitget RAYUSDT | +0.273% | +0.0100% | 4h | $2.7M | $2.8M | 25x | as long as short |
| Lighter RAY | +0.540% | +0.0512% | 1h | $322K | $151K | 5x | as long as short |