Funding you earn now, next payment 05:00 UTC−0.2795%/8h= −306.1% APRpaid last 24h −0.147%
Price spread now: Kraken Futures against HTX−0.069%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$84 a day on $10k at the current rate, and Kraken Futures is 0.069% cheaper against HTX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX RAY-USDT | 1.7821 | 0.0100 | pay 0.0050% / 4h | 3h 26m | $13K | $91K | 20x |
| Short | Kraken Futures PF_RAYUSD | 1.7809 | −0.2695 | pay 0.0337% / 1h | 26m 06s | $89K | $397K | 10x |
HTX RAY-USDT
Kraken Futures PF_RAYUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$586.98
- Price spread: −0.069% → 0.000%
- −$6.87
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$615.85
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: HTX: no order-book sample; Kraken Futures: live order book, 27 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 HTX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 27 min ago | 41.72 bp | 64.6 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
HTX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSDshort | −0.2695% | 1h | 1.7809 | −0.069% | $89K | $397K | 10x | |
| MEXC RAY_USDT | −0.0366% | 8h | 1.7837 | +0.090% | $12.4M | $2.5M | 100x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.7827 | +0.035% | $1K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −7.817% | $266 | $25 | 5.5x | as long as short |
| Lighter RAY | +0.0096% | 1h | 1.7861 | +0.224% | $255K | $302K | 5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.7835 | +0.079% | $4.3M | $12.7M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.7858 | +0.208% | $577K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.7849 | +0.157% | $1.9M | $782K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7839 | +0.101% | $2.6M | $3.8M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.7834 | +0.073% | — | $2.0M | — | as long as short |
MEXC RAY_USDT
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
Lighter RAY
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RAY | +0.0100% | 4h | 1.7959 | +0.776% | $695K | $868K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7827 | +0.034% | $67K | $66K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7806 | −0.084% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDTlong | +0.0100% | 4h | 1.7821 | long leg | $13K | $91K | 20x | |
| BloFin RAY-USDT | +0.0220% | 8h | 1.7829 | +0.045% | $245K | $934K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.1578% | 4h | 1.7878 | +0.320% | $321K | $400K | 10x | as long as short |
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
BloFin RAY-USDT
Orderly PERP_RAY_USDC