Spread before costs (cost unknown: a leg has no order-book sample)+0.364%
7d average—if it closes, per $10,000$36funding while held, a day+$14.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC RAY_USDT | 1.7903 | −0.0528 | get 0.0528% / 8h | 40m 24s | $14.0M | $2.1M | 100x |
| Short | gTrade (Gains Network) RAY/USD | 1.7968 | L +0.0001% / S +0.0056% | pay 0.0007% / 1h | 40m 24s | $2K | — | 150x |
MEXC RAY_USDT
gTrade (Gains Network) RAY/USDPrice 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
- $36.42
- Funding while held
- $14.17
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- $36.59
- Spread needed to break even
- 0.140%
Slippage unknown: MEXC: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0472%
- Per $10,000 a day
- +$14.17
- 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, 4 min ago | 1.95 bp | 6.5 bp −$6 | 56.6 bp −$566 | 132.8 bp −$13.3K | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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
Variational Omni1.7858+8.703%SunX1.7868+8.766%KuCoin1.7871+8.784%Orderly1.7884+8.863%HTX1.7886+8.875%BingX1.7889+8.893%BloFin1.7889+8.893%Gate1.7892+8.912%
Injective
Variational Omni
SunX
KuCoin
Orderly
HTX
BingX
BloFin
GateMEXC1.7903+8.979%
OKX1.7913+9.039%Bitget1.7919+9.076%Lighter1.7935+9.173%Kraken Futures1.7946+9.242%Bullet1.7959+9.319%
OKX
Bitget
Lighter
Kraken Futures
BulletgTrade (Gains Network)1.7968+9.375%
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 | −8.239% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Variational Omni RAY | −0.252% | −0.0626% | 4h | $615K | $870K | — | as long as short |
| SunX RAY-USDT | −0.195% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| KuCoin RAYUSDTM | −0.179% | +0.0078% | 4h | $2.1M | $594K | 50x | as long as short |
| Orderly PERP_RAY_USDC | −0.106% | +0.0100% | 4h | $236K | $151K | 10x | as long as short |
| HTX RAY-USDT | −0.095% | +0.0100% | 4h | $15K | $237K | 20x | as long as short |
| BingX RAY-USDT | −0.078% | +0.0100% | 4h | — | $2.1M | — | as long as short |
| BloFin RAY-USDT | −0.078% | +0.0013% | 8h | $251K | $736K | 20x | as long as short |
| Gate RAY_USDT | −0.061% | +0.0100% | 4h | $583K | $775K | 25x | as long as short |
| MEXC RAY_USDTlong | 0.000% | −0.0528% | 8h | $14.0M | $2.1M | 100x |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX RAY-USDT-SWAP | +0.056% | −0.0107% | 8h | $4.4M | $12.0M | 20x | as long as short |
| Bitget RAYUSDT | +0.089% | +0.0100% | 4h | $2.7M | $2.9M | 25x | as long as short |
| Lighter RAY | +0.179% | +0.0544% | 1h | $326K | $146K | 5x | as long as short |
| Kraken Futures PF_RAYUSD | +0.242% | −0.1292% | 1h | $85K | $352K | 10x | as long as short |
| Bullet RAY-USD | +0.313% | −0.0379% | 1h | $106K | $47K | 10x | as long as short |
| gTrade (Gains Network) RAY/USDshort | +0.364% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x |