After costs, if the gap returns to its 7d average, $10k−$59
spread now−0.089%7d average+0.002%fees + slippage, in and out−$49spread needed0.494%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC RAY_USDT | 1.7888 | 0.0050 | pay 0.0050% / 8h | 2h 38m | $14.8M | $1.9M | 100x |
| Short | Bitget RAYUSDT | 1.7872 | 0.0100 | get 0.0050% / 4h | 2h 38m | $2.7M | $2.6M | 25x |
MEXC RAY_USDT
Bitget RAYUSDTPrice 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
- −$8.94
- Funding while held
- $1.5
- Slippage, 4 orders
- −$33.45
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$56.89
- Spread needed to break even
- 0.494%
Slippage from MEXC: live order book, 7 min ago; Bitget: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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 MEXC live order book, 7 min ago | 2.24 bp | 6.4 bp −$6 | 48.5 bp −$485 | 107.0 bp −$10.7K | doesn't fit |
| Sell Bitget live order book, 6 min ago | 2.53 bp | 15.9 bp −$16 | 61.0 bp −$610 | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Variational Omni1.7733+7.946%BloFin1.7848+8.644%OKX1.7861+8.723%Bullet1.7867+8.759%SunX1.7868+8.766%KuCoin1.7872+8.790%
Injective
Variational Omni
BloFin
OKX
Bullet
SunX
KuCoinBitget1.7872+8.790%
Gate1.7882+8.851%Orderly1.7883+8.857%gTrade (Gains Network)1.7886+8.874%
Gate
Orderly
gTrade (Gains Network)MEXC1.7888+8.887%
BingX1.7893+8.918%HTX1.7893+8.918%Kraken Futures1.7918+9.073%Lighter1.7948+9.252%
BingX
HTX
Kraken Futures
LighterRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −8.162% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Variational Omni RAY | −0.864% | −0.1001% | 4h | $362K | $609K | — | as long as short |
| BloFin RAY-USDT | −0.224% | +0.0168% | 8h | $256K | $508K | 20x | as long as short |
| OKX RAY-USDT-SWAP | −0.151% | +0.0041% | 8h | $4.4M | $10.7M | 20x | as long as short |
| Bullet RAY-USD | −0.117% | +0.0094% | 1h | $105K | $46K | 10x | as long as short |
| SunX RAY-USDT | −0.112% | +0.0100% | 4h | — | $2.1M | 10x | as long as short |
| KuCoin RAYUSDTM | −0.089% | +0.0100% | 4h | $2.0M | $462K | 50x | as long as short |
| Bitget RAYUSDTshort | −0.089% | +0.0100% | 4h | $2.7M | $2.6M | 25x | |
| Gate RAY_USDT | −0.034% | +0.0100% | 4h | $606K | $756K | 25x | as long as short |
| Orderly PERP_RAY_USDC | −0.028% | +0.0100% | 4h | $229K | $130K | 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 | −0.012% | L +0.0001% / S +0.0056% | 1h | $1K | — | 150x | as long as short |
| MEXC RAY_USDTlong | 0.000% | +0.0050% | 8h | $14.8M | $1.9M | 100x | |
| BingX RAY-USDT | +0.028% | +0.0100% | 4h | — | $2.1M | — | as long as short |
| HTX RAY-USDT | +0.028% | +0.0100% | 4h | $19K | $248K | 20x | as long as short |
| Kraken Futures PF_RAYUSD | +0.170% | +0.1115% | 1h | $107K | $314K | 10x | as long as short |
| Lighter RAY | +0.335% | +0.0592% | 1h | $330K | $132K | 5x | as long as short |