RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: Injective against gTrade (Gains Network)−8.751%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Injective

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

Funding pays, the price is against you. Injective is 8.751% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −8.751% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$875 on $10k: about years of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.8003	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	18m 58s	$1K	—	150x
Short	Injective RAY/USDC PERP	1.6428	0.0033	get 0.0004% / 1h	18m 58s	$266	$25	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −8.751%Rate

Funding earned: $6.88
Price spread: −8.751% → 0.000%: −$875.11
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$878.24
Costs to cover: 0.100%
Break-even: 899.9 days

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

gTrade (Gains Network) and Injective: 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	−0.3795%	1h	1.8011	+0.040%	$90K	$427K	10x	as long as short
MEXC RAY_USDT	−0.0116%	8h	1.7985	−0.103%	$12.6M	$2.5M	100x	as long as short
gTrade (Gains Network) RAY/USDlong	L +0.0001% / S +0.0056%	1h	1.8003	long leg	$1K	—	150x
Injective RAY/USDC PERPshort	+0.0033%	1h	1.6428	−8.751%	$266	$25	5.5x
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7983	−0.114%	$4.4M	$12.9M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8013	+0.053%	$579K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8018	+0.081%	$1.9M	$786K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8004	+0.003%	$2.6M	$3.7M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8020	+0.092%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.7988	−0.085%	$697K	$868K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet RAY-USD	+0.0100%	1h	1.8015	+0.064%	$68K	$66K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.8015	+0.064%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8015	+0.064%	$13K	$90K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8008	+0.025%	$252K	$905K	20x	as long as short
Lighter RAY	+0.0392%	1h	1.8046	+0.236%	$261K	$310K	5x	as long as short
Orderly PERP_RAY_USDC	+0.1179%	4h	1.8056	+0.292%	$324K	$400K	10x	as long as short