Spread before costs (cost unknown: a leg has no order-book sample)+0.070%
7d average—if it closes, per $10,000$7funding while held, a day+$5.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) RAY/USD | 1.7495 | L +0.0001% / S +0.0056% | pay 0.0000% / 1h | 55m 53s | $2K | — | 150x |
| Short | MEXC RAY_USDT | 1.7507 | 0.0190 | get 0.0190% / 8h | 6h 55m | $13.4M | $2.0M | 100x |
gTrade (Gains Network) RAY/USD
MEXC RAY_USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $7.03
- Funding while held
- $5.68
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$1.29
- Spread needed to break even
- 0.140%
Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0189%
- Per $10,000 a day
- +$5.68
- Average in range /8h
- —
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 MEXC live order book, 4 min ago | 2.00 bp | 6.6 bp −$7 | 45.2 bp −$452 | 108.4 bp −$10.8K | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
BloFin1.7471+6.349%SunX1.7483+6.422%KuCoin1.7485+6.434%HTX1.7487+6.446%Gate1.7492+6.477%Bullet1.7492+6.477%
Injective
BloFin
SunX
KuCoin
HTX
Gate
BulletgTrade (Gains Network)1.7495+6.493%
OKX1.7498+6.513%BingX1.7503+6.544%Orderly1.7503+6.544%Kraken Futures1.7503+6.546%Bitget1.7506+6.562%
OKX
BingX
Orderly
Kraken Futures
BitgetMEXC1.7507+6.568%
Variational Omni1.7523+6.663%Lighter1.7548+6.818%
Variational Omni
LighterRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −6.097% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| BloFin RAY-USDT | −0.135% | +0.0024% | 8h | $254K | $789K | 20x | as long as short |
| SunX RAY-USDT | −0.067% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| KuCoin RAYUSDTM | −0.055% | −0.0066% | 4h | $2.0M | $641K | 50x | as long as short |
| HTX RAY-USDT | −0.044% | +0.0100% | 4h | $14K | $208K | 20x | as long as short |
| Gate RAY_USDT | −0.015% | +0.0100% | 4h | $619K | $821K | 25x | as long as short |
| Bullet RAY-USD | −0.015% | +0.0100% | 1h | $103K | $47K | 10x | as long as short |
| gTrade (Gains Network) RAY/USDlong | 0.000% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | |
| OKX RAY-USDT-SWAP | +0.019% | −0.0091% | 8h | $4.3M | $11.5M | 20x | as long as short |
| BingX RAY-USDT | +0.047% | +0.0100% | 4h | — | $1.9M | — | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_RAY_USDC | +0.047% | +0.0100% | 4h | $230K | $174K | 10x | as long as short |
| Kraken Futures PF_RAYUSD | +0.049% | −0.0713% | 1h | $80K | $375K | 10x | as long as short |
| Bitget RAYUSDT | +0.065% | +0.0100% | 4h | $2.6M | $2.8M | 25x | as long as short |
| MEXC RAY_USDTshort | +0.070% | +0.0190% | 8h | $13.4M | $2.0M | 100x | |
| Variational Omni RAY | +0.159% | −0.0714% | 4h | $611K | $949K | — | as long as short |
| Lighter RAY | +0.305% | +0.0584% | 1h | $332K | $184K | 5x | as long as short |