RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0837%/8h= +91.7% APRnext payment +$1.05 per $10,000 · paid last 24h −0.117%

Price spread now: Kraken Futures against Bullet+0.398%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$25 a day on $10k at the current rate, and Kraken Futures is 0.398% dearer against Bullet than usual: you sell high and buy low: +$40 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet RAY-USD	1.7603	0.0100	pay 0.0013% / 1h	6m 10s	$66K	$26K	10x
Short	Kraken Futures PF_RAYUSD	1.7673	0.0937	get 0.0117% / 1h	6m 10s	$96K	$423K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bullet. 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 BulletbpFee Kraken FuturesbpOrdersPrice spread, now +0.398%Rate

Funding earned: $175.82
Price spread: +0.398% → 0.000%: $39.78
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $197.6
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Bullet: no order-book sample; Kraken Futures: live order book, 40 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 40 min ago	32.71 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit

Bullet: 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 exchanges

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/USD	L +0.0001% / S +0.0056%	1h	1.7595	−0.045%	$1K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−6.676%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0063%	8h	1.7602	−0.007%	$11.2M	$2.6M	100x	as long as short
Lighter RAY	+0.0096%	1h	1.7624	+0.118%	$220K	$347K	5x	as long as short
BloFin RAY-USDT	+0.0097%	8h	1.7593	−0.058%	$240K	$826K	20x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7592	−0.064%	$4.1M	$11.6M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7613	+0.055%	$564K	$875K	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7602	−0.007%	$1.8M	$796K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7598	−0.030%	$2.6M	$3.5M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7594	−0.052%	—	$1.9M	—	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RAY	+0.0100%	4h	1.7484	−0.680%	$617K	$746K	—	as long as short
Bullet RAY-USDlong	+0.0100%	1h	1.7603	long leg	$66K	$26K	10x
SunX RAY-USDT	+0.0100%	4h	1.7603	−0.001%	—	$1.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7612	+0.050%	$13K	$70K	20x	as long as short
Kraken Futures PF_RAYUSDshort	+0.0937%	1h	1.7673	+0.398%	$96K	$423K	10x
Orderly PERP_RAY_USDC	+0.1673%	4h	1.7621	+0.101%	$292K	$367K	10x	as long as short