After costs, if the gap returns to its 7d average, $10k−$137
spread now+0.097%7d average+0.030%fees + slippage, in and out−$144spread needed1.439%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RAY_USDT | 1.7539 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $601K | $877K | 25x |
| Short | MEXC RAY_USDT | 1.7556 | 0.0824 | get 0.0824% / 8h | 5h 40m | $13.5M | $2.0M | 100x |
Gate RAY_USDT
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
- $9.69
- Funding while held
- $21.72
- Slippage, 4 orders
- −$124.88
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$112.47
- Spread needed to break even
- 1.439%
Slippage from Gate: live order book, 57 min ago; MEXC: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0724%
- Per $10,000 a day
- +$21.72
- 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, 57 min ago | 3.72 bp | 66.4 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.85 bp | 7.6 bp −$8 | 43.1 bp −$431 | 118.2 bp −$11.8K | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Kraken Futures1.7527+6.691%HTX1.7531+6.714%BloFin1.7533+6.726%
Injective
Kraken Futures
HTX
BloFinGate1.7539+6.763%
KuCoin1.7539+6.763%Bullet1.7540+6.766%OKX1.7540+6.769%gTrade (Gains Network)1.7543+6.787%BingX1.7544+6.793%Variational Omni1.7546+6.805%Bitget1.7548+6.818%SunX1.7549+6.824%Orderly1.7550+6.830%
KuCoin
Bullet
OKX
gTrade (Gains Network)
BingX
Variational Omni
Bitget
SunX
OrderlyMEXC1.7556+6.866%
Lighter1.7582+7.025%
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 | −6.334% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Kraken Futures PF_RAYUSD | −0.067% | −0.1039% | 1h | $82K | $381K | 10x | as long as short |
| HTX RAY-USDT | −0.046% | +0.0100% | 4h | $14K | $190K | 20x | as long as short |
| BloFin RAY-USDT | −0.034% | +0.0105% | 8h | $248K | $718K | 20x | as long as short |
| Gate RAY_USDTlong | 0.000% | +0.0100% | 4h | $601K | $877K | 25x | |
| KuCoin RAYUSDTM | 0.000% | +0.0094% | 4h | $2.0M | $683K | 50x | as long as short |
| Bullet RAY-USD | +0.003% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
| OKX RAY-USDT-SWAP | +0.006% | +0.0025% | 8h | $4.4M | $11.7M | 20x | as long as short |
| gTrade (Gains Network) RAY/USD | +0.023% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| BingX RAY-USDT | +0.029% | +0.0896% | 4h | — | $1.9M | — | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni RAY | +0.040% | −0.0280% | 4h | $580K | $938K | — | as long as short |
| Bitget RAYUSDT | +0.051% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| SunX RAY-USDT | +0.057% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| Orderly PERP_RAY_USDC | +0.063% | +0.0100% | 4h | $226K | $181K | 10x | as long as short |
| MEXC RAY_USDTshort | +0.097% | +0.0824% | 8h | $13.5M | $2.0M | 100x | |
| Lighter RAY | +0.245% | +0.0912% | 1h | $322K | $179K | 5x | as long as short |