RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.050%

Price spread now: MEXC against Bullet−0.018%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.288% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.043%+$4 on $10k

Price spread, last 3 days (all we have)−0.641%−$64 · spread now −0.018%, 7d avg −0.029%

Together, before fees−0.598%−$60 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet RAY-USD	1.8281	0.0100	pay 0.0013% / 1h	8m 15s	$107K	$47K	10x
Short	MEXC RAY_USDT	1.8278	−0.0070	pay 0.0070% / 8h	1h 08m	$13.3M	$2.6M	100x

Funding history

latest

Range statsloading…

MEXC against Bullet. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BulletbpFee MEXCbpOrdersPrice spread, now −0.018%Rate

Slippage from Bullet: live order book, 11 min ago; MEXC: live order book, 5 min ago.

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, 11 min ago	1.62 bp	6.7 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.71 bp	7.7 bp −$8	42.7 bp −$427	104.8 bp −$10.5K	doesn't fit

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	−0.2314%	1h	1.8240	−0.225%	$96K	$442K	10x	as long as short
MEXC RAY_USDTshort	−0.0070%	8h	1.8278	−0.018%	$13.3M	$2.6M	100x
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8276	−0.032%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−10.138%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8262	−0.106%	$4.6M	$13.2M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8277	−0.024%	$570K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8275	−0.035%	$2.0M	$766K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8277	−0.024%	$2.6M	$3.5M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8290	+0.048%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.8301	+0.108%	$730K	$1.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet RAY-USDlong	+0.0100%	1h	1.8281	long leg	$107K	$47K	10x
SunX RAY-USDT	+0.0100%	4h	1.8306	+0.135%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8281	−0.002%	$15K	$131K	20x	as long as short
Lighter RAY	+0.0120%	1h	1.8302	+0.113%	$293K	$257K	5x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8287	+0.031%	$259K	$861K	20x	as long as short
Orderly PERP_RAY_USDC	+0.0524%	4h	1.8292	+0.058%	$253K	$248K	10x	as long as short