RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.134%

Price spread now: Variational Omni against gTrade (Gains Network)−0.106%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.106% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RAY/USD	1.7931	L +0.0001% / S +0.0056%	pay 0.0000% / 1h	46m 23s	$2K	—	150x
Short	Variational Omni RAY	1.7912	0.0100	get 0.0050% / 4h	2h 46m	$702K	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.106%Rate

Funding earned: $20.88
Price spread: −0.106% → 0.000%: −$10.58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.3
Costs to cover: 0.100%
Break-even: 6.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	3.56 bp	doesn't fit	57.8 bp −$578	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	1.7931	long leg	$2K	—	150x
Kraken Futures PF_RAYUSD	+0.0010%	1h	1.7958	+0.153%	$89K	$445K	10x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−8.381%	$266	$25	5.5x	as long as short
Lighter RAY	+0.0096%	1h	1.7953	+0.124%	$267K	$282K	5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.7913	−0.099%	$4.5M	$13.1M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.7931	+0.002%	$554K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.7928	−0.015%	$1.9M	$769K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.7928	−0.015%	$2.6M	$3.7M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.7935	+0.024%	—	$2.0M	—	as long as short
Variational Omni RAYshort	+0.0100%	4h	1.7912	−0.106%	$702K	$1.0M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet RAY-USD	+0.0100%	1h	1.7929	−0.009%	$67K	$66K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.7921	−0.054%	—	$2.5M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.7965	+0.191%	$13K	$107K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.7974	+0.241%	$261K	$870K	20x	as long as short
MEXC RAY_USDT	+0.0226%	8h	1.7927	−0.021%	$12.8M	$2.5M	100x	as long as short
Orderly PERP_RAY_USDC	+0.0583%	4h	1.7939	+0.046%	$253K	$248K	10x	as long as short