After costs, if the gap returns to its 7d average, $10k−$128
spread now+0.058%7d average+0.049%fees + slippage, in and out−$129spread needed1.287%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RAYUSDTM | 1.7345 | 0.0004 | pay 0.0002% / 4h | 2h 03m | $2.0M | $680K | 50x |
| Short | Bullet RAY-USD | 1.7355 | 0.0100 | get 0.0013% / 1h | 3m 11s | $102K | $46K | 10x |
KuCoin RAYUSDTM
Bullet RAY-USDPrice 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
- $5.77
- Funding while held
- $2.88
- Slippage, 4 orders
- −$108.71
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$120.06
- Spread needed to break even
- 1.287%
Slippage from KuCoin: live order book, 10 min ago; Bullet: live order book, 32 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0096%
- Per $10,000 a day
- +$2.88
- 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 KuCoin live order book, 10 min ago | 7.11 bp | 55.9 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bullet live order book, 32 min ago | 2.01 bp | 6.4 bp −$6 | 9.6 bp −$96 | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Kraken Futures1.7339+5.543%
Injective
Kraken FuturesKuCoin1.7345+5.582%
BloFin1.7346+5.588%Gate1.7351+5.618%SunX1.7354+5.637%HTX1.7354+5.637%
BloFin
Gate
SunX
HTXBullet1.7355+5.643%
OKX1.7361+5.679%BingX1.7362+5.685%gTrade (Gains Network)1.7364+5.695%MEXC1.7366+5.710%Bitget1.7371+5.740%Orderly1.7371+5.740%Variational Omni1.7391+5.865%Lighter1.7397+5.898%
OKX
BingX
gTrade (Gains Network)
MEXC
Bitget
Orderly
Variational Omni
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 | −5.287% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Kraken Futures PF_RAYUSD | −0.037% | −0.0720% | 1h | $81K | $383K | 10x | as long as short |
| KuCoin RAYUSDTMlong | 0.000% | +0.0004% | 4h | $2.0M | $680K | 50x | |
| BloFin RAY-USDT | +0.006% | +0.0094% | 8h | $252K | $745K | 20x | as long as short |
| Gate RAY_USDT | +0.035% | +0.0100% | 4h | $597K | $875K | 25x | as long as short |
| SunX RAY-USDT | +0.052% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.052% | +0.0100% | 4h | $14K | $195K | 20x | as long as short |
| Bullet RAY-USDshort | +0.058% | +0.0100% | 1h | $102K | $46K | 10x | |
| OKX RAY-USDT-SWAP | +0.092% | −0.0024% | 8h | $4.3M | $11.6M | 20x | as long as short |
| BingX RAY-USDT | +0.098% | +0.0100% | 4h | — | $1.9M | — | 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 | +0.107% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| MEXC RAY_USDT | +0.121% | +0.0358% | 8h | $13.4M | $2.1M | 100x | as long as short |
| Bitget RAYUSDT | +0.150% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| Orderly PERP_RAY_USDC | +0.150% | +0.0100% | 4h | $223K | $181K | 10x | as long as short |
| Variational Omni RAY | +0.268% | −0.0469% | 4h | $579K | $942K | — | as long as short |
| Lighter RAY | +0.300% | +0.0792% | 1h | $320K | $193K | 5x | as long as short |