Funding you earn now, next payment 00:00 UTC+0.0383%/8h= +41.9% APRpaid last 24h +0.002%
Price spread now: Orderly against BloFin+0.028%7-day average +0.073% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 3 days (all we have)0.000%$0 · spread now +0.028%, 7d avg +0.073%
=Funding pays, the price is against you. Orderly is 0.046% cheaper against BloFin than usual: you would sell low and buy high (spread +0.028% now, against its 7-day average of +0.073%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RAY-USDT | 1.8089 | 0.0220 | pay 0.0220% / 8h | 23m 01s | $258K | $853K | 20x |
| Short | Orderly PERP_RAY_USDC | 1.8094 | 0.0603 | get 0.0301% / 4h | 23m 01s | $251K | $247K | 10x |
BloFin RAY-USDT
Orderly PERP_RAY_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $80.42
- Price spread: +0.028% → +0.073%
- −$4.57
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $57.85
- Costs to cover
- 0.180%
- Break-even
- 2.0 days
Slippage unknown: BloFin: live order book, 54 min ago; Orderly: 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, 54 min ago | 0.27 bp | 25.4 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSD | −0.2431% | 1h | 1.8045 | −0.241% | $95K | $434K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.8074 | −0.085% | $2K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −9.182% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8093 | +0.022% | $4.5M | $13.1M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.8078 | −0.061% | $562K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8072 | −0.094% | $2.0M | $751K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8095 | +0.033% | $2.6M | $3.6M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.8090 | +0.006% | — | $2.0M | — | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.8096 | +0.038% | $709K | $1.0M | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.8076 | −0.072% | $106K | $44K | 10x | as long as short |
Kraken Futures PF_RAYUSD
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDT
Variational Omni RAY
Bullet RAY-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX RAY-USDT | +0.0100% | 4h | 1.8077 | −0.066% | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.8069 | −0.111% | $15K | $120K | 20x | as long as short |
| MEXC RAY_USDT | +0.0185% | 8h | 1.8091 | +0.011% | $13.0M | $2.5M | 100x | as long as short |
| BloFin RAY-USDTlong | +0.0220% | 8h | 1.8089 | long leg | $258K | $853K | 20x | |
| Lighter RAY | +0.0368% | 1h | 1.8113 | +0.133% | $286K | $259K | 5x | as long as short |
| Orderly PERP_RAY_USDCshort | +0.0603% | 4h | 1.8094 | +0.028% | $251K | $247K | 10x |
SunX RAY-USDT
HTX RAY-USDT
MEXC RAY_USDT
Lighter RAY