RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2332%/8h= +255.4% APRnext payment +$2.92 per $10,000 · paid last 24h +0.074%

Price spread now: gTrade (Gains Network) against Kraken Futures+0.088%52s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$70 a day on $10k at the current rate, and gTrade (Gains Network) is 0.088% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RAYUSD	1.8374	−0.2388	get 0.0298% / 1h	44m 27s	$97K	$441K	10x
Short	gTrade (Gains Network) RAY/USD	1.8390	L +0.0001% / S +0.0056%	pay 0.0007% / 1h	44m 27s	$2K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.088%Rate

Funding earned: $489.76
Price spread: +0.088% → 0.000%: $8.81
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $478.57
Costs to cover: 0.200%
Break-even: 0.2 days

Slippage unknown: Kraken Futures: live order book, 33 min ago; gTrade (Gains Network): 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 Kraken Futures live order book, 33 min ago	33.02 bp	66.9 bp −$67	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 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_RAYUSDlong	−0.2388%	1h	1.8374	long leg	$97K	$441K	10x
gTrade (Gains Network) RAY/USDshort	L +0.0001% / S +0.0056%	1h	1.8390	+0.088%	$2K	—	150x
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−10.589%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8367	−0.036%	$4.6M	$13.2M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8388	+0.078%	$573K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8401	+0.149%	$2.0M	$745K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8386	+0.067%	$2.7M	$3.5M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8403	+0.160%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.8435	+0.332%	$732K	$1.0M	—	as long as short
Bullet RAY-USD	+0.0100%	1h	1.8395	+0.116%	$108K	$46K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAY-USDT	+0.0100%	4h	1.8405	+0.171%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8383	+0.051%	$15K	$125K	20x	as long as short
MEXC RAY_USDT	+0.0185%	8h	1.8393	+0.105%	$13.3M	$2.5M	100x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8386	+0.067%	$257K	$867K	20x	as long as short
Lighter RAY	+0.0384%	1h	1.8412	+0.209%	$293K	$253K	5x	as long as short
Orderly PERP_RAY_USDC	+0.0591%	4h	1.8412	+0.209%	$255K	$248K	10x	as long as short