After costs, if the gap returns to its 7d average, $10k−$205
spread now+0.175%7d average+0.161%fees + slippage, in and out−$206spread needed2.060%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RAYUSDTM | 1.7569 | −0.0050 | get 0.0025% / 4h | 2h 45m | $2.1M | $642K | 50x |
| Short | Kraken Futures PF_RAYUSD | 1.7600 | −0.0709 | pay 0.0089% / 1h | 45m 19s | $80K | $374K | 10x |
KuCoin RAYUSDTM
Kraken Futures PF_RAYUSDPrice 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
- $17.49
- Funding while held
- −$19.78
- Slippage, 4 orders
- −$184.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$208.31
- Spread needed to break even
- 2.060%
Slippage from KuCoin: live order book, 7 min ago; Kraken Futures: live order book, 59 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0659%
- Per $10,000 a day
- −$19.78
- 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, 7 min ago | 5.97 bp | 49.0 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 59 min ago | 34.67 bp | 77.2 bp −$77 | 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
InjectiveKuCoin1.7569+6.945%
OKX1.7574+6.976%Bullet1.7576+6.988%BingX1.7582+7.025%Gate1.7584+7.037%MEXC1.7584+7.037%Variational Omni1.7585+7.041%Bitget1.7585+7.043%HTX1.7586+7.049%gTrade (Gains Network)1.7589+7.067%Orderly1.7591+7.079%
OKX
Bullet
BingX
Gate
MEXC
Variational Omni
Bitget
HTX
gTrade (Gains Network)
OrderlyKraken Futures1.7600+7.132%
SunX1.7602+7.146%Lighter1.7628+7.305%BloFin1.7629+7.311%
SunX
Lighter
BloFinRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −6.494% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| KuCoin RAYUSDTMlong | 0.000% | −0.0050% | 4h | $2.1M | $642K | 50x | |
| OKX RAY-USDT-SWAP | +0.028% | −0.0089% | 8h | $4.4M | $11.6M | 20x | as long as short |
| Bullet RAY-USD | +0.040% | +0.0100% | 1h | $103K | $47K | 10x | as long as short |
| BingX RAY-USDT | +0.074% | +0.0100% | 4h | — | $1.9M | — | as long as short |
| Gate RAY_USDT | +0.085% | +0.0100% | 4h | $623K | $824K | 25x | as long as short |
| MEXC RAY_USDT | +0.085% | +0.0050% | 8h | $13.5M | $2.0M | 100x | as long as short |
| Variational Omni RAY | +0.089% | −0.0637% | 4h | $587K | $963K | — | as long as short |
| Bitget RAYUSDT | +0.091% | +0.0100% | 4h | $2.6M | $2.8M | 25x | as long as short |
| HTX RAY-USDT | +0.097% | +0.0100% | 4h | $14K | $206K | 20x | 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 | +0.114% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Orderly PERP_RAY_USDC | +0.125% | +0.0100% | 4h | $230K | $175K | 10x | as long as short |
| Kraken Futures PF_RAYUSDshort | +0.175% | −0.0709% | 1h | $80K | $374K | 10x | |
| SunX RAY-USDT | +0.188% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| Lighter RAY | +0.336% | +0.0736% | 1h | $333K | $184K | 5x | as long as short |
| BloFin RAY-USDT | +0.342% | +0.0040% | 8h | $252K | $796K | 20x | as long as short |