RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0170%/8h= +18.6% APRnext payment +$1.70 per $10,000 · paid last 24h +0.080%

Price spread now: BloFin against MEXC−0.066%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs+$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$620.618% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.852%+$85 on $10k

Price spread, last 3 days (all we have)+0.115%+$12 · spread now −0.066%, 7d avg −0.047%

Together, before fees+0.968%+$97 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RAY_USDT	1.8137	0.0050	pay 0.0050% / 8h	19m 10s	$13.0M	$2.5M	100x
Short	BloFin RAY-USDT	1.8125	0.0220	get 0.0220% / 8h	19m 10s	$258K	$855K	20x

Funding history

latest

Range statsloading…

BloFin against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee MEXCbpFee BloFinbpOrdersPrice spread, now −0.066%Rate

Slippage from MEXC: live order book, 4 min ago; BloFin: live order book, 58 min ago.

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, 4 min ago	2.49 bp	6.7 bp −$7	42.4 bp −$424	130.7 bp −$13.1K	doesn't fit
Sell BloFin live order book, 58 min ago	0.27 bp	22.5 bp −$23	doesn't fit	doesn't fit	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_RAYUSD	−0.2423%	1h	1.8108	−0.162%	$96K	$434K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8147	+0.053%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−9.423%	$266	$25	5.5x	as long as short
MEXC RAY_USDTlong	+0.0050%	8h	1.8137	long leg	$13.0M	$2.5M	100x
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8123	−0.077%	$4.6M	$13.1M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8138	+0.006%	$564K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8152	+0.083%	$2.0M	$754K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8140	+0.017%	$2.6M	$3.6M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8142	+0.028%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.8146	+0.047%	$707K	$1.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet RAY-USD	+0.0100%	1h	1.8143	+0.033%	$107K	$44K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.8135	−0.011%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8136	−0.006%	$15K	$120K	20x	as long as short
BloFin RAY-USDTshort	+0.0220%	8h	1.8125	−0.066%	$258K	$855K	20x
Lighter RAY	+0.0400%	1h	1.8160	+0.127%	$287K	$259K	5x	as long as short
Orderly PERP_RAY_USDC	+0.0600%	4h	1.8158	+0.116%	$252K	$247K	10x	as long as short