Spread before costs (cost unknown: a leg has no order-book sample)−6.553%
7d average—if it closes, per $10,000$655funding while held, a day−$24.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RAY | 1.7580 | 0.0864 | pay 0.0108% / 1h | 33m 21s | $321K | $180K | 5x |
| Short | Injective RAY/USDC PERP | 1.6428 | 0.0033 | get 0.0004% / 1h | 33m 21s | $266 | $25 | 5.5x |
Lighter RAY
Injective RAY/USDC PERPPrice 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
- −$655.29
- Funding while held
- −$24.92
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$680.23
- Spread needed to break even
- 0.000%
Slippage unknown: Lighter: live order book, 58 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0831%
- Per $10,000 a day
- −$24.92
- 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, 58 min ago | 7.14 bp | 49.4 bp −$49 | 112.9 bp −$1,129 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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
HTX1.7539+6.763%Bullet1.7540+6.766%OKX1.7541+6.775%BingX1.7543+6.787%SunX1.7545+6.799%Gate1.7547+6.812%BloFin1.7550+6.830%gTrade (Gains Network)1.7550+6.832%Kraken Futures1.7552+6.844%MEXC1.7554+6.854%Orderly1.7554+6.854%Bitget1.7560+6.891%KuCoin1.7562+6.903%Variational Omni1.7575+6.983%
HTX
Bullet
OKX
BingX
SunX
Gate
BloFin
gTrade (Gains Network)
Kraken Futures
MEXC
Orderly
Bitget
KuCoin
Variational OmniLighter1.7580+7.012%
RAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERPshort | −6.553% | +0.0033% | 1h | $266 | $25 | 5.5x | |
| HTX RAY-USDT | −0.233% | +0.0100% | 4h | $14K | $189K | 20x | as long as short |
| Bullet RAY-USD | −0.230% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
| OKX RAY-USDT-SWAP | −0.222% | +0.0023% | 8h | $4.4M | $11.8M | 20x | as long as short |
| BingX RAY-USDT | −0.210% | +0.0590% | 4h | — | $1.9M | — | as long as short |
| SunX RAY-USDT | −0.199% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| Gate RAY_USDT | −0.188% | +0.0100% | 4h | $598K | $881K | 25x | as long as short |
| BloFin RAY-USDT | −0.171% | +0.0109% | 8h | $250K | $720K | 20x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.168% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Kraken Futures PF_RAYUSD | −0.157% | −0.1038% | 1h | $82K | $381K | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC RAY_USDT | −0.148% | +0.0625% | 8h | $13.5M | $2.0M | 100x | as long as short |
| Orderly PERP_RAY_USDC | −0.148% | +0.0100% | 4h | $226K | $181K | 10x | as long as short |
| Bitget RAYUSDT | −0.114% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| KuCoin RAYUSDTM | −0.102% | +0.0100% | 4h | $2.0M | $685K | 50x | as long as short |
| Variational Omni RAY | −0.028% | −0.0233% | 4h | $580K | $938K | — | as long as short |
| Lighter RAYlong | 0.000% | +0.0864% | 1h | $321K | $180K | 5x |