After costs, if the gap returns to its 7d average, $10k−$103
spread now−0.148%7d average−0.204%fees + slippage, in and out−$108spread needed1.082%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RAY | 1.7564 | 0.0928 | pay 0.0116% / 1h | 17m 04s | $329K | $187K | 5x |
| Short | BloFin RAY-USDT | 1.7538 | 0.0078 | get 0.0078% / 8h | 6h 17m | $251K | $787K | 20x |
Lighter RAY
BloFin RAY-USDTPrice 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
- −$14.8
- Funding while held
- −$25.5
- Slippage, 4 orders
- −$96.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$148.52
- Spread needed to break even
- 1.082%
Slippage from Lighter: live order book, 14 min ago; BloFin: live order book, 16 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0850%
- Per $10,000 a day
- −$25.50
- 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 Lighter live order book, 14 min ago | 7.14 bp | 49.4 bp −$49 | 112.9 bp −$1,129 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 3.16 bp | 22.4 bp −$22 | 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
Kraken Futures1.7496+6.501%gTrade (Gains Network)1.7520+6.649%KuCoin1.7522+6.659%SunX1.7526+6.684%OKX1.7527+6.690%Bullet1.7528+6.697%BingX1.7529+6.702%MEXC1.7531+6.714%Bitget1.7531+6.714%Gate1.7532+6.720%HTX1.7534+6.732%Orderly1.7538+6.757%
Injective
Kraken Futures
gTrade (Gains Network)
KuCoin
SunX
OKX
Bullet
BingX
MEXC
Bitget
Gate
HTX
OrderlyBloFin1.7538+6.757%
Lighter1.7564+6.915%
Variational Omni1.7620+7.259%
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 | −6.468% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Kraken Futures PF_RAYUSD | −0.388% | −0.0713% | 1h | $81K | $381K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.249% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| KuCoin RAYUSDTM | −0.239% | −0.0006% | 4h | $2.0M | $674K | 50x | as long as short |
| SunX RAY-USDT | −0.216% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| OKX RAY-USDT-SWAP | −0.211% | −0.0040% | 8h | $4.4M | $11.6M | 20x | as long as short |
| Bullet RAY-USD | −0.204% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
| BingX RAY-USDT | −0.199% | +0.0638% | 4h | — | $1.9M | — | as long as short |
| MEXC RAY_USDT | −0.188% | +0.0050% | 8h | $13.5M | $2.1M | 100x | as long as short |
| Bitget RAYUSDT | −0.188% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate RAY_USDT | −0.182% | +0.0100% | 4h | $619K | $840K | 25x | as long as short |
| HTX RAY-USDT | −0.171% | +0.0100% | 4h | $14K | $199K | 20x | as long as short |
| Orderly PERP_RAY_USDC | −0.148% | +0.0100% | 4h | $226K | $179K | 10x | as long as short |
| BloFin RAY-USDTshort | −0.148% | +0.0078% | 8h | $251K | $787K | 20x | |
| Lighter RAYlong | 0.000% | +0.0928% | 1h | $329K | $187K | 5x | |
| Variational Omni RAY | +0.322% | −0.0524% | 4h | $585K | $942K | — | as long as short |