Spread before costs (cost unknown: a leg has no order-book sample)+0.052%
7d average+0.044%if it closes, per $10,000$5funding while held, a day+$3.36
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RAYUSDTM | 1.7465 | −0.0012 | get 0.0006% / 4h | 2h 08m | $2.0M | $677K | 50x |
| Short | Orderly PERP_RAY_USDC | 1.7474 | 0.0100 | get 0.0050% / 4h | 2h 08m | $225K | $179K | 10x |
KuCoin RAYUSDTM
Orderly PERP_RAY_USDCPrice 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
- $5.15
- Funding while held
- $3.36
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$9.49
- Spread needed to break even
- 0.180%
Slippage unknown: KuCoin: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0112%
- Per $10,000 a day
- +$3.36
- 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, 4 min ago | 7.11 bp | 55.9 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Kraken Futures1.7452+6.231%BloFin1.7461+6.288%Bullet1.7464+6.308%
Injective
Kraken Futures
BloFin
BulletKuCoin1.7465+6.312%
OKX1.7466+6.318%HTX1.7471+6.349%gTrade (Gains Network)1.7471+6.351%BingX1.7472+6.355%
OKX
HTX
gTrade (Gains Network)
BingXOrderly1.7474+6.367%
SunX1.7474+6.367%Gate1.7483+6.422%MEXC1.7483+6.422%Bitget1.7483+6.422%Lighter1.7511+6.592%Variational Omni1.7513+6.608%
SunX
Gate
MEXC
Bitget
Lighter
Variational OmniRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −5.938% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Kraken Futures PF_RAYUSD | −0.076% | −0.0715% | 1h | $81K | $381K | 10x | as long as short |
| BloFin RAY-USDT | −0.023% | +0.0089% | 8h | $250K | $765K | 20x | as long as short |
| Bullet RAY-USD | −0.004% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
| KuCoin RAYUSDTMlong | 0.000% | −0.0012% | 4h | $2.0M | $677K | 50x | |
| OKX RAY-USDT-SWAP | +0.006% | −0.0033% | 8h | $4.3M | $11.6M | 20x | as long as short |
| HTX RAY-USDT | +0.034% | +0.0100% | 4h | $14K | $197K | 20x | as long as short |
| gTrade (Gains Network) RAY/USD | +0.036% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| BingX RAY-USDT | +0.040% | +0.0534% | 4h | — | $1.9M | — | as long as short |
| Orderly PERP_RAY_USDCshort | +0.052% | +0.0100% | 4h | $225K | $179K | 10x |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX RAY-USDT | +0.052% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| Gate RAY_USDT | +0.103% | +0.0100% | 4h | $617K | $841K | 25x | as long as short |
| MEXC RAY_USDT | +0.103% | +0.0457% | 8h | $13.5M | $2.1M | 100x | as long as short |
| Bitget RAYUSDT | +0.103% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| Lighter RAY | +0.263% | +0.0848% | 1h | $327K | $188K | 5x | as long as short |
| Variational Omni RAY | +0.278% | −0.0478% | 4h | $584K | $942K | — | as long as short |