After costs, if the gap returns to its 7d average, $10k−$98
spread now−0.168%7d average−0.068%fees + slippage, in and out−$88spread needed0.877%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet RAY-USD | 1.7909 | −0.0314 | get 0.0039% / 1h | 12m 35s | $105K | $47K | 10x |
| Short | Gate RAY_USDT | 1.7879 | 0.0100 | get 0.0050% / 4h | 12m 35s | $591K | $794K | 25x |
Bullet RAY-USD
Gate 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
- −$16.8
- Funding while held
- $12.43
- Slippage, 4 orders
- −$64.72
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$92.09
- Spread needed to break even
- 0.877%
Slippage from Bullet: live order book, 33 min ago; Gate: live order book, 36 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0414%
- Per $10,000 a day
- +$12.43
- 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 Bullet live order book, 33 min ago | 3.06 bp | 8.4 bp −$8 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell Gate live order book, 36 min ago | 3.88 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Variational Omni1.7741+7.995%KuCoin1.7838+8.583%OKX1.7875+8.808%BloFin1.7877+8.820%
Injective
Variational Omni
KuCoin
OKX
BloFinGate1.7879+8.832%
MEXC1.7879+8.832%Bitget1.7880+8.839%BingX1.7880+8.839%SunX1.7887+8.881%Orderly1.7902+8.972%Lighter1.7905+8.991%gTrade (Gains Network)1.7908+9.010%
MEXC
Bitget
BingX
SunX
Orderly
Lighter
gTrade (Gains Network)Bullet1.7909+9.016%
HTX1.7916+9.058%Kraken Futures1.7931+9.148%
HTX
Kraken FuturesRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −8.270% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Variational Omni RAY | −0.936% | −0.0739% | 4h | $628K | $895K | — | as long as short |
| KuCoin RAYUSDTM | −0.397% | −0.0002% | 4h | $2.1M | $596K | 50x | as long as short |
| OKX RAY-USDT-SWAP | −0.190% | −0.0114% | 8h | $4.4M | $11.9M | 20x | as long as short |
| BloFin RAY-USDT | −0.179% | +0.0005% | 8h | $255K | $755K | 20x | as long as short |
| Gate RAY_USDTshort | −0.168% | +0.0100% | 4h | $591K | $794K | 25x | |
| MEXC RAY_USDT | −0.168% | −0.0369% | 8h | $13.9M | $2.1M | 100x | as long as short |
| Bitget RAYUSDT | −0.162% | +0.0100% | 4h | $2.6M | $2.8M | 25x | as long as short |
| BingX RAY-USDT | −0.162% | +0.0100% | 4h | — | $2.0M | — | as long as short |
| SunX RAY-USDT | −0.123% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_RAY_USDC | −0.040% | +0.0100% | 4h | $237K | $150K | 10x | as long as short |
| Lighter RAY | −0.023% | +0.0240% | 1h | $322K | $149K | 5x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.005% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Bullet RAY-USDlong | 0.000% | −0.0314% | 1h | $105K | $47K | 10x | |
| HTX RAY-USDT | +0.039% | +0.0100% | 4h | $15K | $225K | 20x | as long as short |
| Kraken Futures PF_RAYUSD | +0.121% | −0.1293% | 1h | $86K | $351K | 10x | as long as short |