After costs, if the gap returns to its 7d average, $10k−$190
spread now+0.294%7d average+0.195%fees + slippage, in and out−$200spread needed1.998%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RAYUSDTM | 1.8028 | −0.0028 | get 0.0014% / 4h | 3h 43m | $2.1M | $608K | 50x |
| Short | Lighter RAY | 1.8081 | 0.0512 | get 0.0064% / 1h | 43m 38s | $322K | $152K | 5x |
KuCoin RAYUSDTM
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
- $29.4
- Funding while held
- $16.2
- Slippage, 4 orders
- −$187.76
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$154.16
- Spread needed to break even
- 1.998%
Slippage from KuCoin: live order book, 9 min ago; Lighter: live order book, 57 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0540%
- Per $10,000 a day
- +$16.20
- 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, 9 min ago | 3.93 bp | 58.6 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 57 min ago | 9.49 bp | 19.9 bp −$20 | 114.3 bp −$1,143 | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
BloFin1.7933+9.161%SunX1.7943+9.222%Variational Omni1.7953+9.285%Bullet1.7959+9.319%HTX1.7972+9.399%gTrade (Gains Network)1.7973+9.402%Kraken Futures1.8000+9.572%Orderly1.8001+9.575%
Injective
BloFin
SunX
Variational Omni
Bullet
HTX
gTrade (Gains Network)
Kraken Futures
OrderlyKuCoin1.8028+9.739%
BingX1.8038+9.800%OKX1.8040+9.813%Gate1.8044+9.837%MEXC1.8045+9.843%Bitget1.8050+9.873%
BingX
OKX
Gate
MEXC
BitgetLighter1.8081+10.062%
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 | −8.875% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| BloFin RAY-USDT | −0.527% | +0.0016% | 8h | $253K | $820K | 20x | as long as short |
| SunX RAY-USDT | −0.471% | +0.0100% | 4h | — | $2.7M | 10x | as long as short |
| Variational Omni RAY | −0.414% | −0.0760% | 4h | $636K | $881K | — | as long as short |
| Bullet RAY-USD | −0.383% | +0.0058% | 1h | $106K | $47K | 10x | as long as short |
| HTX RAY-USDT | −0.311% | +0.0100% | 4h | $14K | $219K | 20x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.308% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Kraken Futures PF_RAYUSD | −0.153% | +0.0772% | 1h | $84K | $372K | 10x | as long as short |
| Orderly PERP_RAY_USDC | −0.150% | +0.0100% | 4h | $236K | $153K | 10x | as long as short |
| KuCoin RAYUSDTMlong | 0.000% | −0.0028% | 4h | $2.1M | $608K | 50x |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX RAY-USDT | +0.055% | +0.0100% | 4h | — | $2.0M | — | as long as short |
| OKX RAY-USDT-SWAP | +0.067% | −0.0101% | 8h | $4.5M | $11.9M | 20x | as long as short |
| Gate RAY_USDT | +0.089% | +0.0100% | 4h | $644K | $788K | 25x | as long as short |
| MEXC RAY_USDT | +0.094% | −0.0015% | 8h | $13.9M | $1.9M | 100x | as long as short |
| Bitget RAYUSDT | +0.122% | +0.0100% | 4h | $2.7M | $2.8M | 25x | as long as short |
| Lighter RAYshort | +0.294% | +0.0512% | 1h | $322K | $152K | 5x |