Funding you earn now, next payment 04:00 UTC+0.0520%/8h= +57.0% APRnext payment +$2.60 per $10,000 · paid last 24h +0.024%
Price spread now: Orderly against HTX+0.243%7-day average +0.061% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)−0.252%−$25 · spread now +0.243%, 7d avg +0.061%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Orderly is 0.182% dearer against HTX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.061%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.60 per $10,000. 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 | 1.8107 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $13K | $90K | 20x |
| Short | Orderly PERP_RAY_USDC | 1.8151 | 0.0620 | get 0.0310% / 4h | 1h 31m | $322K | $398K | 10x |
HTX RAY-USDT
Orderly PERP_RAY_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $109.23
- Price spread: +0.243% → +0.061%
- $18.24
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $109.47
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: HTX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample | — | — | — | — | — |
HTX and Orderly: 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/USD | L +0.0001% / S +0.0056% | 1h | 1.8110 | +0.015% | $1K | — | 150x | as long as short |
| MEXC RAY_USDT | +0.0016% | 8h | 1.8121 | +0.077% | $12.7M | $2.4M | 100x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −9.273% | $266 | $25 | 5.5x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8128 | +0.116% | $4.5M | $13.0M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.8116 | +0.050% | $575K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8126 | +0.105% | $1.9M | $777K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8122 | +0.083% | $2.6M | $3.7M | 25x | as long as short |
| Variational Omni RAY | +0.0100% | 4h | 1.8095 | −0.065% | $708K | $978K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.8107 | 0.000% | $68K | $66K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.8116 | +0.050% | — | $2.4M | 10x | as long as short |
gTrade (Gains Network) RAY/USD
MEXC RAY_USDT
Injective RAY/USDC PERP
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX RAY-USDTlong | +0.0100% | 4h | 1.8107 | long leg | $13K | $90K | 20x | |
| BingX RAY-USDT | +0.0186% | 4h | 1.8129 | +0.121% | — | $2.0M | — | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8089 | −0.099% | $255K | $873K | 20x | as long as short |
| Lighter RAY | +0.0240% | 1h | 1.8151 | +0.243% | $266K | $287K | 5x | as long as short |
| Orderly PERP_RAY_USDCshort | +0.0620% | 4h | 1.8151 | +0.243% | $322K | $398K | 10x | |
| Kraken Futures PF_RAYUSD | +0.0769% | 1h | 1.8115 | +0.047% | $90K | $453K | 10x | as long as short |
BingX RAY-USDT
BloFin RAY-USDT
Lighter RAY
Kraken Futures PF_RAYUSD