After costs, if the gap returns to its 7d average, $10k−$229
spread now+0.374%7d average+0.026%fees + slippage, in and out−$264spread needed2.641%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RAYUSD | 1.7529 | −0.1039 | get 0.0130% / 1h | 23m 11s | $82K | $381K | 10x |
| Short | Lighter RAY | 1.7594 | 0.0704 | get 0.0088% / 1h | 23m 11s | $321K | $181K | 5x |
Kraken Futures PF_RAYUSD
Lighter RAYPrice 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
- $37.36
- Funding while held
- $52.3
- Slippage, 4 orders
- −$254.11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$174.45
- Spread needed to break even
- 2.641%
Slippage from Kraken Futures: live order book, 11 min ago; Lighter: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1743%
- Per $10,000 a day
- +$52.30
- 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 Kraken Futures live order book, 11 min ago | 38.21 bp | 89.1 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 21.90 bp | 63.3 bp −$63 | 128.9 bp −$1,289 | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
InjectiveKraken Futures1.7529+6.699%
Variational Omni1.7531+6.713%BloFin1.7538+6.757%Bullet1.7541+6.775%KuCoin1.7542+6.781%HTX1.7542+6.781%Gate1.7544+6.793%BingX1.7547+6.812%SunX1.7547+6.812%gTrade (Gains Network)1.7549+6.822%OKX1.7554+6.854%Orderly1.7555+6.860%MEXC1.7565+6.921%Bitget1.7567+6.933%
Variational Omni
BloFin
Bullet
KuCoin
HTX
Gate
BingX
SunX
gTrade (Gains Network)
OKX
Orderly
MEXC
BitgetLighter1.7594+7.098%
RAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −6.278% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Kraken Futures PF_RAYUSDlong | 0.000% | −0.1039% | 1h | $82K | $381K | 10x | |
| Variational Omni RAY | +0.013% | −0.0173% | 4h | $581K | $938K | — | as long as short |
| BloFin RAY-USDT | +0.054% | +0.0112% | 8h | $252K | $720K | 20x | as long as short |
| Bullet RAY-USD | +0.071% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
| KuCoin RAYUSDTM | +0.077% | +0.0100% | 4h | $2.0M | $686K | 50x | as long as short |
| HTX RAY-USDT | +0.077% | +0.0100% | 4h | $14K | $185K | 20x | as long as short |
| Gate RAY_USDT | +0.088% | +0.0100% | 4h | $599K | $892K | 25x | as long as short |
| BingX RAY-USDT | +0.105% | +0.0568% | 4h | — | $1.9M | — | as long as short |
| SunX RAY-USDT | +0.105% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) RAY/USD | +0.115% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| OKX RAY-USDT-SWAP | +0.145% | +0.0028% | 8h | $4.4M | $11.8M | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.151% | +0.0100% | 4h | $226K | $181K | 10x | as long as short |
| MEXC RAY_USDT | +0.208% | +0.0050% | 8h | $13.5M | $2.0M | 100x | as long as short |
| Bitget RAYUSDT | +0.220% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| Lighter RAYshort | +0.374% | +0.0704% | 1h | $321K | $181K | 5x |