Spread before costs (cost unknown: a leg has no order-book sample)+0.083%
7d average—if it closes, per $10,000$8funding while held, a day−$4.67
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RAY_USDT | 1.7668 | 0.0100 | pay 0.0050% / 4h | 3h 19m | $628K | $815K | 25x |
| Short | gTrade (Gains Network) RAY/USD | 1.7683 | L +0.0001% / S +0.0056% | pay 0.0007% / 1h | 19m 37s | $2K | — | 150x |
Gate RAY_USDT
gTrade (Gains Network) RAY/USDPrice 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
- $8.32
- Funding while held
- −$4.67
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$21.35
- Spread needed to break even
- 0.250%
Slippage unknown: Gate: live order book, 24 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0156%
- Per $10,000 a day
- −$4.67
- 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 Gate live order book, 24 min ago | 4.43 bp | 49.0 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
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
SunX1.7639+7.372%OKX1.7648+7.426%MEXC1.7655+7.469%BingX1.7659+7.493%KuCoin1.7663+7.518%Bullet1.7667+7.542%
Injective
SunX
OKX
MEXC
BingX
KuCoin
BulletGate1.7668+7.548%
Bitget1.7673+7.579%Kraken Futures1.7673+7.580%HTX1.7675+7.591%
Bitget
Kraken Futures
HTXgTrade (Gains Network)1.7683+7.638%
Orderly1.7684+7.645%Lighter1.7705+7.773%BloFin1.7822+8.486%Variational Omni1.7832+8.544%
Orderly
Lighter
BloFin
Variational OmniRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −7.018% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| SunX RAY-USDT | −0.164% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| OKX RAY-USDT-SWAP | −0.113% | −0.0109% | 8h | $4.4M | $11.5M | 20x | as long as short |
| MEXC RAY_USDT | −0.074% | −0.0369% | 8h | $13.7M | $2.0M | 100x | as long as short |
| BingX RAY-USDT | −0.051% | +0.0100% | 4h | — | $2.0M | — | as long as short |
| KuCoin RAYUSDTM | −0.028% | −0.0082% | 4h | $2.1M | $609K | 50x | as long as short |
| Bullet RAY-USD | −0.006% | +0.0056% | 1h | $104K | $47K | 10x | as long as short |
| Gate RAY_USDTlong | 0.000% | +0.0100% | 4h | $628K | $815K | 25x | |
| Bitget RAYUSDT | +0.028% | +0.0100% | 4h | $2.6M | $2.8M | 25x | as long as short |
| Kraken Futures PF_RAYUSD | +0.030% | +0.0786% | 1h | $82K | $368K | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX RAY-USDT | +0.040% | +0.0100% | 4h | $14K | $213K | 20x | as long as short |
| gTrade (Gains Network) RAY/USDshort | +0.083% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | |
| Orderly PERP_RAY_USDC | +0.091% | +0.0100% | 4h | $234K | $158K | 10x | as long as short |
| Lighter RAY | +0.209% | +0.0536% | 1h | $341K | $183K | 5x | as long as short |
| BloFin RAY-USDT | +0.872% | +0.0014% | 8h | $258K | $807K | 20x | as long as short |
| Variational Omni RAY | +0.926% | −0.0691% | 4h | $634K | $944K | — | as long as short |