After costs, if the gap returns to its 7d average, $10k−$147
spread now−0.057%7d average−0.030%fees + slippage, in and out−$144spread needed1.439%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC RAY_USDT | 1.7541 | 0.0705 | pay 0.0705% / 8h | 5h 39m | $13.5M | $2.0M | 100x |
| Short | Gate RAY_USDT | 1.7531 | 0.0100 | get 0.0050% / 4h | 1h 39m | $601K | $878K | 25x |
MEXC RAY_USDT
Gate 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
- −$5.7
- Funding while held
- −$18.15
- Slippage, 4 orders
- −$124.88
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$167.73
- Spread needed to break even
- 1.439%
Slippage from MEXC: live order book, 5 min ago; Gate: live order book, 59 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0605%
- Per $10,000 a day
- −$18.15
- 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, 5 min ago | 2.85 bp | 7.7 bp −$8 | 47.7 bp −$477 | 120.6 bp −$12.1K | doesn't fit |
| Sell Gate live order book, 59 min ago | 3.72 bp | 62.2 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Kraken Futures1.7525+6.681%BingX1.7529+6.702%Variational Omni1.7530+6.707%
Injective
Kraken Futures
BingX
Variational OmniGate1.7531+6.714%
HTX1.7531+6.714%BloFin1.7533+6.726%SunX1.7534+6.732%Bitget1.7535+6.738%
HTX
BloFin
SunX
BitgetMEXC1.7541+6.775%
KuCoin1.7542+6.781%OKX1.7543+6.787%Bullet1.7554+6.854%gTrade (Gains Network)1.7555+6.860%Lighter1.7557+6.872%Orderly1.7559+6.885%
KuCoin
OKX
Bullet
gTrade (Gains Network)
Lighter
OrderlyRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −6.345% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Kraken Futures PF_RAYUSD | −0.089% | −0.1039% | 1h | $81K | $381K | 10x | as long as short |
| BingX RAY-USDT | −0.068% | +0.0740% | 4h | — | $1.9M | — | as long as short |
| Variational Omni RAY | −0.064% | −0.0239% | 4h | $580K | $938K | — | as long as short |
| Gate RAY_USDTshort | −0.057% | +0.0100% | 4h | $601K | $878K | 25x | |
| HTX RAY-USDT | −0.057% | +0.0100% | 4h | $14K | $190K | 20x | as long as short |
| BloFin RAY-USDT | −0.046% | +0.0105% | 8h | $248K | $718K | 20x | as long as short |
| SunX RAY-USDT | −0.040% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| Bitget RAYUSDT | −0.034% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| MEXC RAY_USDTlong | 0.000% | +0.0705% | 8h | $13.5M | $2.0M | 100x |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin RAYUSDTM | +0.006% | +0.0088% | 4h | $2.0M | $683K | 50x | as long as short |
| OKX RAY-USDT-SWAP | +0.011% | +0.0026% | 8h | $4.4M | $11.8M | 20x | as long as short |
| Bullet RAY-USD | +0.074% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | +0.080% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Lighter RAY | +0.091% | +0.0872% | 1h | $321K | $179K | 5x | as long as short |
| Orderly PERP_RAY_USDC | +0.103% | +0.0100% | 4h | $226K | $181K | 10x | as long as short |