RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1567%/8h= −171.6% APRnext payment −$1.96 per $10,000 · paid last 24h −0.153%

Price spread now: Kraken Futures against gTrade (Gains Network)+0.243%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 Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.243% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.243% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.7607	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	5m 13s	$2K	—	150x
Short	Kraken Futures PF_RAYUSD	1.7650	−0.1567	pay 0.0196% / 1h	5m 13s	$87K	$397K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.243%Rate

Funding earned: −$329.09
Price spread: +0.243% → 0.000%: $24.32
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$324.77
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 43 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 Kraken Futures live order book, 43 min ago	79.50 bp	104.1 bp −$104	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
Kraken Futures PF_RAYUSDshort	−0.1567%	1h	1.7650	+0.243%	$87K	$397K	10x
gTrade (Gains Network) RAY/USDlong	L +0.0001% / S +0.0056%	1h	1.7607	long leg	$2K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−6.697%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.7631	+0.135%	$11.9M	$2.6M	100x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7604	−0.018%	$4.2M	$13.0M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7631	+0.135%	$550K	$1.2M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7622	+0.084%	$1.9M	$835K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7627	+0.112%	$2.6M	$4.0M	25x	as long as short
Variational Omni RAY	+0.0100%	4h	1.7630	+0.129%	$679K	$870K	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.7624	+0.095%	$66K	$66K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	1.7618	+0.061%	—	$2.4M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7621	+0.078%	$13K	$91K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7610	+0.016%	$238K	$939K	20x	as long as short
Lighter RAY	+0.0568%	1h	1.7643	+0.203%	$247K	$311K	5x	as long as short
BingX RAY-USDT	+0.0688%	4h	1.7619	+0.067%	—	$2.0M	—	as long as short
Orderly PERP_RAY_USDC	+0.2096%	4h	1.7646	+0.220%	$308K	$399K	10x	as long as short