RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.037%

Price spread now: OKX against BloFin+0.034%93s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$970.968% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.034%, 7d avg +0.011%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.022% dearer against BloFin than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of +0.011%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. The two prices were read 93 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	1.7867	0.0220	pay 0.0220% / 8h	3h 21m	$247K	$936K	20x
Short	OKX RAY-USDT-SWAP	1.7873	0.0100	get 0.0100% / 8h	3h 21m	$4.3M	$12.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee OKXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$25.2
Price spread: +0.034% → +0.011%: $2.24
Slippage, 4 orders: −$74.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$119.74
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; OKX: live order book, 2 min ago.

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, 10 min ago	1.67 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.12 bp	32.7 bp −$33	113.9 bp −$1,139	doesn't fit	doesn't fit

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
Kraken Futures PF_RAYUSD	−0.2696%	1h	1.7800	−0.375%	$89K	$397K	10x	as long as short
MEXC RAY_USDT	−0.0413%	8h	1.7881	+0.078%	$12.4M	$2.5M	100x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.7829	−0.211%	$1K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−8.054%	$266	$25	5.5x	as long as short
Lighter RAY	+0.0096%	1h	1.7888	+0.118%	$255K	$303K	5x	as long as short
OKX RAY-USDT-SWAPshort	+0.0100%	8h	1.7873	+0.034%	$4.3M	$12.7M	20x
Gate RAY_USDT	+0.0100%	4h	1.7848	−0.106%	$579K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7869	+0.011%	$1.9M	$782K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7880	+0.073%	$2.6M	$3.8M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7878	+0.062%	—	$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	1.7824	−0.240%	$690K	$866K	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.7824	−0.240%	$67K	$66K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.7835	−0.179%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7854	−0.073%	$13K	$91K	20x	as long as short
BloFin RAY-USDTlong	+0.0220%	8h	1.7867	long leg	$247K	$936K	20x
Orderly PERP_RAY_USDC	+0.1589%	4h	1.7864	−0.017%	$320K	$400K	10x	as long as short