Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: OKX against KuCoin+0.006%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1531.531% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now +0.006%, 7d avg −0.012%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RAYUSDTM | 1.7834 | 0.0100 | pay 0.0050% / 4h | 3h 18m | $1.9M | $785K | 50x |
| Short | OKX RAY-USDT-SWAP | 1.7835 | 0.0100 | get 0.0100% / 8h | 3h 18m | $4.3M | $12.7M | 20x |
KuCoin RAYUSDTM
OKX RAY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.006% → −0.012%
- $1.77
- Slippage, 4 orders
- −$131.08
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$151.3
- Costs to cover
- 1.531%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 5 min ago.
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, 3 min ago | 8.70 bp | 64.1 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.12 bp | 32.7 bp −$33 | 113.9 bp −$1,139 | doesn't fit | doesn't fit |
RAY on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSD | −0.2684% | 1h | 1.7886 | +0.289% | $90K | $397K | 10x | as long as short |
| MEXC RAY_USDT | −0.0387% | 8h | 1.7832 | −0.011% | $12.3M | $2.5M | 100x | as long as short |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.7845 | +0.061% | $1K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −7.884% | $266 | $25 | 5.5x | as long as short |
| Lighter RAY | +0.0096% | 1h | 1.7848 | +0.079% | $254K | $303K | 5x | as long as short |
| OKX RAY-USDT-SWAPshort | +0.0100% | 8h | 1.7835 | +0.006% | $4.3M | $12.7M | 20x | |
| Gate RAY_USDT | +0.0100% | 4h | 1.7844 | +0.056% | $579K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTMlong | +0.0100% | 4h | 1.7834 | long leg | $1.9M | $785K | 50x | |
| Bitget RAYUSDT | +0.0100% | 4h | 1.7837 | +0.017% | $2.6M | $3.8M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.7835 | +0.006% | — | $2.0M | — | as long as short |
Kraken Futures PF_RAYUSD
MEXC RAY_USDT
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
Lighter RAY
Gate RAY_USDT
Bitget RAYUSDT
BingX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RAY | +0.0100% | 4h | 1.7857 | +0.128% | $692K | $866K | — | as long as short |
| Bullet RAY-USD | +0.0100% | 1h | 1.7856 | +0.123% | $67K | $66K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.7831 | −0.017% | — | $2.4M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.7829 | −0.028% | $13K | $91K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.7816 | −0.101% | $247K | $930K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.1600% | 4h | 1.7859 | +0.140% | $320K | $400K | 10x | as long as short |
Variational Omni RAY
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDT
BloFin RAY-USDT
Orderly PERP_RAY_USDC