After costs, if the gap returns to its 7d average, $10k−$85
spread now+0.171%7d average+0.186%fees + slippage, in and out−$83spread needed0.832%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC RAY_USDT | 1.7530 | 0.0686 | pay 0.0686% / 8h | 6h 14m | $13.5M | $2.1M | 100x |
| Short | Lighter RAY | 1.7560 | 0.0920 | get 0.0115% / 1h | 14m 43s | $329K | $187K | 5x |
MEXC RAY_USDT
Lighter RAYPrice 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
- $17.11
- Funding while held
- $7.02
- Slippage, 4 orders
- −$79.16
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$59.02
- Spread needed to break even
- 0.832%
Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 16 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0234%
- Per $10,000 a day
- +$7.02
- 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 | 3.14 bp | 7.8 bp −$8 | 40.5 bp −$405 | 97.6 bp −$9,756 | doesn't fit |
| Sell Lighter live order book, 16 min ago | 7.14 bp | 17.9 bp −$18 | 108.2 bp −$1,082 | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Kraken Futures1.7484+6.427%HTX1.7501+6.532%SunX1.7504+6.550%BloFin1.7504+6.550%Bullet1.7507+6.568%Orderly1.7511+6.592%OKX1.7512+6.598%gTrade (Gains Network)1.7514+6.609%Variational Omni1.7516+6.623%KuCoin1.7522+6.659%Gate1.7523+6.665%Bitget1.7523+6.665%BingX1.7525+6.678%
Injective
Kraken Futures
HTX
SunX
BloFin
Bullet
Orderly
OKX
gTrade (Gains Network)
Variational Omni
KuCoin
Gate
Bitget
BingXMEXC1.7530+6.708%
Lighter1.7560+6.891%
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 | −6.286% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Kraken Futures PF_RAYUSD | −0.264% | −0.0714% | 1h | $81K | $381K | 10x | as long as short |
| HTX RAY-USDT | −0.165% | +0.0100% | 4h | $14K | $198K | 20x | as long as short |
| SunX RAY-USDT | −0.148% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| BloFin RAY-USDT | −0.148% | +0.0079% | 8h | $251K | $785K | 20x | as long as short |
| Bullet RAY-USD | −0.131% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
| Orderly PERP_RAY_USDC | −0.108% | +0.0100% | 4h | $225K | $179K | 10x | as long as short |
| OKX RAY-USDT-SWAP | −0.103% | −0.0042% | 8h | $4.4M | $11.6M | 20x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.092% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Variational Omni RAY | −0.080% | −0.0470% | 4h | $583K | $942K | — | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin RAYUSDTM | −0.046% | −0.0010% | 4h | $2.0M | $673K | 50x | as long as short |
| Gate RAY_USDT | −0.040% | +0.0100% | 4h | $619K | $840K | 25x | as long as short |
| Bitget RAYUSDT | −0.040% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| BingX RAY-USDT | −0.029% | +0.0100% | 4h | — | $1.9M | — | as long as short |
| MEXC RAY_USDTlong | 0.000% | +0.0686% | 8h | $13.5M | $2.1M | 100x | |
| Lighter RAYshort | +0.171% | +0.0920% | 1h | $329K | $187K | 5x |