After costs, if the gap returns to its 7d average, $10k−$131
spread now−0.108%7d average−0.186%fees + slippage, in and out−$138spread needed1.383%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RAY | 1.7586 | 0.0704 | pay 0.0088% / 1h | 23m 43s | $321K | $181K | 5x |
| Short | MEXC RAY_USDT | 1.7567 | 0.0050 | get 0.0050% / 8h | 5h 23m | $13.5M | $2.0M | 100x |
Lighter RAY
MEXC 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
- −$10.8
- Funding while held
- −$19.62
- Slippage, 4 orders
- −$134.32
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$168.75
- Spread needed to break even
- 1.383%
Slippage from Lighter: live order book, 2 min ago; MEXC: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0654%
- Per $10,000 a day
- −$19.62
- 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, 2 min ago | 21.90 bp | 58.9 bp −$59 | 136.3 bp −$1,363 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 3.41 bp | 7.9 bp −$8 | 41.7 bp −$417 | 103.4 bp −$10.3K | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
HTX1.7517+6.629%Kraken Futures1.7524+6.671%BloFin1.7530+6.708%Variational Omni1.7531+6.713%SunX1.7535+6.738%KuCoin1.7539+6.763%Gate1.7547+6.812%BingX1.7551+6.836%Bullet1.7553+6.847%gTrade (Gains Network)1.7554+6.857%OKX1.7559+6.885%Orderly1.7559+6.885%
Injective
HTX
Kraken Futures
BloFin
Variational Omni
SunX
KuCoin
Gate
BingX
Bullet
gTrade (Gains Network)
OKX
OrderlyMEXC1.7567+6.933%
Bitget1.7570+6.952%
BitgetLighter1.7586+7.049%
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 | −6.585% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| HTX RAY-USDT | −0.392% | +0.0100% | 4h | $14K | $186K | 20x | as long as short |
| Kraken Futures PF_RAYUSD | −0.353% | −0.1039% | 1h | $82K | $381K | 10x | as long as short |
| BloFin RAY-USDT | −0.318% | +0.0116% | 8h | $252K | $719K | 20x | as long as short |
| Variational Omni RAY | −0.314% | −0.0173% | 4h | $581K | $938K | — | as long as short |
| SunX RAY-USDT | −0.290% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| KuCoin RAYUSDTM | −0.267% | +0.0100% | 4h | $2.0M | $686K | 50x | as long as short |
| Gate RAY_USDT | −0.222% | +0.0100% | 4h | $599K | $892K | 25x | as long as short |
| BingX RAY-USDT | −0.199% | +0.0568% | 4h | — | $1.9M | — | as long as short |
| Bullet RAY-USD | −0.189% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) RAY/USD | −0.180% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| OKX RAY-USDT-SWAP | −0.154% | +0.0028% | 8h | $4.4M | $11.8M | 20x | as long as short |
| Orderly PERP_RAY_USDC | −0.154% | +0.0100% | 4h | $226K | $181K | 10x | as long as short |
| MEXC RAY_USDTshort | −0.108% | +0.0050% | 8h | $13.5M | $2.0M | 100x | |
| Bitget RAYUSDT | −0.091% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| Lighter RAYlong | 0.000% | +0.0704% | 1h | $321K | $181K | 5x |