After costs, if the gap returns to its 7d average, $10k−$294
spread now−0.606%7d average+0.177%fees + slippage, in and out−$216spread needed2.157%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RAY_USDT | 1.7663 | 0.0100 | pay 0.0050% / 4h | 3h 17m | $628K | $818K | 25x |
| Short | Kraken Futures PF_RAYUSD | 1.7556 | 0.0792 | get 0.0099% / 1h | 17m 54s | $82K | $368K | 10x |
Gate RAY_USDT
Kraken Futures PF_RAYUSDPrice 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
- −$60.6
- Funding while held
- $20.75
- Slippage, 4 orders
- −$190.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$255.55
- Spread needed to break even
- 2.157%
Slippage from Gate: live order book, 25 min ago; Kraken Futures: live order book, 26 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0692%
- Per $10,000 a day
- +$20.75
- 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, 25 min ago | 4.43 bp | 49.0 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 26 min ago | 34.67 bp | 77.2 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
InjectiveKraken Futures1.7556+6.866%
KuCoin1.7629+7.311%BloFin1.7642+7.390%MEXC1.7650+7.439%Bitget1.7653+7.457%BingX1.7662+7.512%
KuCoin
BloFin
MEXC
Bitget
BingXGate1.7663+7.518%
OKX1.7668+7.548%Bullet1.7671+7.566%Lighter1.7674+7.585%Orderly1.7675+7.591%SunX1.7676+7.597%HTX1.7684+7.645%gTrade (Gains Network)1.7686+7.656%Variational Omni1.7832+8.544%
OKX
Bullet
Lighter
Orderly
SunX
HTX
gTrade (Gains Network)
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 | −6.992% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Kraken Futures PF_RAYUSDshort | −0.606% | +0.0792% | 1h | $82K | $368K | 10x | |
| KuCoin RAYUSDTM | −0.192% | −0.0078% | 4h | $2.1M | $617K | 50x | as long as short |
| BloFin RAY-USDT | −0.119% | +0.0011% | 8h | $255K | $804K | 20x | as long as short |
| MEXC RAY_USDT | −0.074% | −0.0335% | 8h | $13.7M | $2.0M | 100x | as long as short |
| Bitget RAYUSDT | −0.057% | +0.0100% | 4h | $2.6M | $2.8M | 25x | as long as short |
| BingX RAY-USDT | −0.006% | +0.0100% | 4h | — | $2.0M | — | as long as short |
| Gate RAY_USDTlong | 0.000% | +0.0100% | 4h | $628K | $818K | 25x | |
| OKX RAY-USDT-SWAP | +0.028% | −0.0109% | 8h | $4.4M | $11.5M | 20x | as long as short |
| Bullet RAY-USD | +0.045% | +0.0051% | 1h | $104K | $47K | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RAY | +0.062% | +0.0520% | 1h | $341K | $183K | 5x | as long as short |
| Orderly PERP_RAY_USDC | +0.068% | +0.0100% | 4h | $232K | $159K | 10x | as long as short |
| SunX RAY-USDT | +0.074% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.119% | +0.0100% | 4h | $14K | $212K | 20x | as long as short |
| gTrade (Gains Network) RAY/USD | +0.129% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Variational Omni RAY | +0.955% | −0.0691% | 4h | $634K | $944K | — | as long as short |