RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.050%

Price spread now: Bullet against MEXC+0.040%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.288% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 3 days (all we have)+0.619%+$62 · spread now +0.040%, 7d avg +0.029%

Together, before fees+0.576%+$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, 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	1.8274	−0.0070	get 0.0070% / 8h	1h 07m	$13.3M	$2.6M	100x
Short	Bullet RAY-USD	1.8281	0.0100	get 0.0013% / 1h	7m 54s	$107K	$47K	10x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

click an exchange to add or hide it

latest

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

Position, each leg$Hold fordaysFee MEXCbpFee BulletbpOrdersPrice spread, now +0.040%Rate

Slippage from MEXC: live order book, 6 min ago; Bullet: live order book, 11 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, 6 min ago	2.71 bp	7.2 bp −$7	42.2 bp −$422	96.1 bp −$9,609	doesn't fit
Sell Bullet live order book, 11 min ago	1.62 bp	7.3 bp −$7	11.4 bp −$114	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	−0.2314%	1h	1.8240	−0.185%	$96K	$442K	10x	as long as short
MEXC RAY_USDTlong	−0.0070%	8h	1.8274	long leg	$13.3M	$2.6M	100x
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8276	+0.008%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−10.102%	$266	$25	5.5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8266	−0.044%	$4.6M	$13.2M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8269	−0.027%	$570K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8275	+0.005%	$2.0M	$766K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8277	+0.016%	$2.6M	$3.5M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8300	+0.142%	—	$2.0M	—	as long as short
Variational Omni RAY	+0.0100%	4h	1.8301	+0.148%	$730K	$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-USDshort	+0.0100%	1h	1.8281	+0.040%	$107K	$47K	10x
SunX RAY-USDT	+0.0100%	4h	1.8306	+0.175%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8281	+0.038%	$15K	$131K	20x	as long as short
Lighter RAY	+0.0120%	1h	1.8302	+0.153%	$293K	$257K	5x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8287	+0.071%	$259K	$861K	20x	as long as short
Orderly PERP_RAY_USDC	+0.0524%	4h	1.8292	+0.099%	$253K	$248K	10x	as long as short