Funding you earn now, next payment 08:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.043%
Price spread now: BloFin against gTrade (Gains Network)+0.087%50s7-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 +$7 a day on $10k at the current rate, and BloFin is 0.087% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | 1.7568 | L +0.0001% / S +0.0056% | pay 0.0000% / 1h | 52m 23s | $3K | — | 150x |
| Short | BloFin RAY-USDT | 1.7583 | 0.0220 | get 0.0220% / 8h | 52m 23s | $242K | $877K | 20x |
gTrade (Gains Network) RAY/USD
BloFin RAY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $46.08
- Price spread: +0.087% → 0.000%
- $8.71
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $32.79
- Costs to cover
- 0.220%
- Break-even
- 2.0 days
Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 30 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 BloFin live order book, 30 min ago | 1.71 bp | 17.8 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) RAY/USDlong | L +0.0001% / S +0.0056% | 1h | 1.7568 | long leg | $3K | — | 150x | |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −6.487% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7577 | +0.053% | $4.2M | $12.8M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7582 | +0.081% | $549K | $1.2M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7573 | +0.030% | $1.8M | $826K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7578 | +0.059% | $2.6M | $4.0M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.7570 | +0.013% | — | $2.0M | — | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.7487 | −0.458% | $653K | $878K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7576 | +0.047% | $66K | $28K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7580 | +0.070% | — | $2.4M | 10x | as long as short |
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDT
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX RAY-USDT | +0.0100% | 4h | 1.7590 | +0.127% | $13K | $90K | 20x | as long as short |
| BloFin RAY-USDTshort | +0.0220% | 8h | 1.7583 | +0.087% | $242K | $877K | 20x | |
| Lighter RAY | +0.0312% | 1h | 1.7596 | +0.161% | $236K | $322K | 5x | as long as short |
| MEXC RAY_USDT | +0.0800% | 8h | 1.7579 | +0.064% | $11.8M | $2.5M | 100x | as long as short |
| Kraken Futures PF_RAYUSD | +0.1611% | 1h | 1.7655 | +0.499% | $86K | $376K | 10x | as long as short |
| Orderly PERP_RAY_USDC | +0.2254% | 4h | 1.7613 | +0.258% | $311K | $396K | 10x | as long as short |
HTX RAY-USDT
Lighter RAY
MEXC RAY_USDT
Kraken Futures PF_RAYUSD
Orderly PERP_RAY_USDC