After costs, if the gap returns to its 7d average, $10k−$217
spread now−0.380%7d average−0.198%fees + slippage, in and out−$199spread needed1.988%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RAYUSD | 1.8089 | −0.1282 | get 0.0160% / 1h | 50m 27s | $85K | $350K | 10x |
| Short | OKX RAY-USDT-SWAP | 1.8020 | −0.0097 | pay 0.0097% / 8h | 50m 27s | $4.4M | $12.0M | 20x |
Kraken Futures PF_RAYUSD
OKX RAY-USDT-SWAPPrice 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
- −$37.95
- Funding while held
- $35.54
- Slippage, 4 orders
- −$178.77
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$201.18
- Spread needed to break even
- 1.988%
Slippage from Kraken Futures: live order book, 64 min ago; OKX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1185%
- Per $10,000 a day
- +$35.54
- 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, 64 min ago | 40.48 bp | 88.7 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.95 bp | 31.5 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Variational Omni1.7981+9.452%
Injective
Variational OmniOKX1.8020+9.691%
Bullet1.8026+9.726%Bitget1.8032+9.764%MEXC1.8036+9.788%BloFin1.8037+9.794%KuCoin1.8039+9.806%SunX1.8043+9.831%Orderly1.8045+9.843%HTX1.8053+9.892%BingX1.8055+9.904%Gate1.8064+9.959%gTrade (Gains Network)1.8070+9.995%
Bullet
Bitget
MEXC
BloFin
KuCoin
SunX
Orderly
HTX
BingX
Gate
gTrade (Gains Network)Kraken Futures1.8089+10.109%
Lighter1.8131+10.366%
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 | −9.181% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Variational Omni RAY | −0.597% | −0.0681% | 4h | $617K | $867K | — | as long as short |
| OKX RAY-USDT-SWAPshort | −0.380% | −0.0097% | 8h | $4.4M | $12.0M | 20x | |
| Bullet RAY-USD | −0.347% | −0.0181% | 1h | $106K | $47K | 10x | as long as short |
| Bitget RAYUSDT | −0.313% | +0.0100% | 4h | $2.7M | $2.9M | 25x | as long as short |
| MEXC RAY_USDT | −0.291% | +0.0050% | 8h | $14.1M | $2.0M | 100x | as long as short |
| BloFin RAY-USDT | −0.286% | +0.0028% | 8h | $210K | $739K | 20x | as long as short |
| KuCoin RAYUSDTM | −0.274% | +0.0100% | 4h | $2.1M | $568K | 50x | as long as short |
| SunX RAY-USDT | −0.252% | +0.0100% | 4h | — | $2.5M | 10x | as long as short |
| Orderly PERP_RAY_USDC | −0.241% | +0.0100% | 4h | $238K | $148K | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX RAY-USDT | −0.197% | +0.0100% | 4h | $15K | $240K | 20x | as long as short |
| BingX RAY-USDT | −0.186% | +0.0100% | 4h | — | $2.1M | — | as long as short |
| Gate RAY_USDT | −0.136% | +0.0100% | 4h | $591K | $767K | 25x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.104% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Kraken Futures PF_RAYUSDlong | 0.000% | −0.1282% | 1h | $85K | $350K | 10x | |
| Lighter RAY | +0.234% | +0.0544% | 1h | $330K | $145K | 5x | as long as short |