Funding you earn now, next payment 23:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.062%
Price spread now: BingX against gTrade (Gains Network)+0.118%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 +$3 a day on $10k at the current rate, and BingX is 0.118% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | gTrade (Gains Network) RAY/USD | 1.8444 | L +0.0001% / S +0.0056% | pay 0.0000% / 1h | 14m 33s | $2K | — | 150x |
| Short | BingX RAY-USDT | 1.8466 | 0.0100 | get 0.0050% / 4h | 1h 14m | — | $2.0M | — |
gTrade (Gains Network) RAY/USD
BingX RAY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against gTrade (Gains Network). 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
- $20.88
- Price spread: +0.118% → 0.000%
- $11.77
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $12.65
- Costs to cover
- 0.200%
- Break-even
- 2.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 8 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 8 min ago | 2.44 bp | 11.8 bp −$12 | 37.5 bp −$375 | 283.2 bp −$28.3K | 662.7 bp −$331.3K |
gTrade (Gains Network): 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 | −0.2288% | 1h | 1.8451 | +0.036% | $99K | $438K | 10x | as long as short |
| gTrade (Gains Network) RAY/USDlong | L +0.0001% / S +0.0056% | 1h | 1.8444 | long leg | $2K | — | 150x | |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −10.932% | $266 | $25 | 5.5x | as long as short |
| MEXC RAY_USDT | +0.0050% | 8h | 1.8457 | +0.069% | $13.5M | $2.5M | 100x | as long as short |
| Lighter RAY | +0.0096% | 1h | 1.8493 | +0.264% | $299K | $253K | 5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8436 | −0.045% | $4.6M | $13.3M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.8447 | +0.015% | $575K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8450 | +0.031% | $2.0M | $762K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8458 | +0.074% | $2.7M | $3.5M | 25x | as long as short |
| BingX RAY-USDTshort | +0.0100% | 4h | 1.8466 | +0.118% | — | $2.0M | — |
Kraken Futures PF_RAYUSD
Injective RAY/USDC PERP
MEXC RAY_USDT
Lighter RAY
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RAY | +0.0100% | 4h | 1.8430 | −0.079% | $732K | $1.0M | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.8450 | +0.029% | $108K | $47K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.8457 | +0.069% | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.8436 | −0.045% | $15K | $133K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8435 | −0.050% | $260K | $868K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.0502% | 4h | 1.8448 | +0.020% | $256K | $248K | 10x | as long as short |
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDT
BloFin RAY-USDT
Orderly PERP_RAY_USDC