RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.022%

Price spread now: Bullet against gTrade (Gains Network)+0.070%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Bullet

What this pair did over the last

the charts below follow

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 Bullet is 0.070% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 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	gTrade (Gains Network) RAY/USD	1.7521	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	59m 45s	$3K	—	150x
Short	Bullet RAY-USD	1.7533	0.0100	get 0.0013% / 1h	59m 45s	$66K	$28K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 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 gTrade (Gains Network)bpFee BulletbpOrdersPrice spread, now +0.070%Rate

Funding earned: $20.88
Price spread: +0.070% → 0.000%: $7.02
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: $9.91
Costs to cover: 0.180%
Break-even: 3.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bullet: no order-book sample. 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 Bullet no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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 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	1.7521	long leg	$3K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−6.237%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.7525	+0.025%	$11.7M	$2.6M	100x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7508	−0.072%	$4.2M	$12.8M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7516	−0.027%	$547K	$1.2M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7516	−0.027%	$1.9M	$822K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7518	−0.015%	$2.6M	$4.0M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.7502	−0.104%	$655K	$887K	—	as long as short
Bullet RAY-USDshort	+0.0100%	1h	1.7533	+0.070%	$66K	$28K	10x
SunX RAY-USDT	+0.0100%	4h	1.7528	+0.042%	—	$2.4M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX RAY-USDT	+0.0100%	4h	1.7502	−0.107%	$13K	$91K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7520	−0.004%	$240K	$875K	20x	as long as short
Lighter RAY	+0.0296%	1h	1.7535	+0.082%	$238K	$319K	5x	as long as short
BingX RAY-USDT	+0.0792%	4h	1.7518	−0.015%	—	$2.0M	—	as long as short
Kraken Futures PF_RAYUSD	+0.1352%	1h	1.7548	+0.157%	$86K	$376K	10x	as long as short
Orderly PERP_RAY_USDC	+0.2274%	4h	1.7559	+0.219%	$310K	$396K	10x	as long as short