After costs, if the gap returns to its 7d average, $10k−$47
spread now+0.331%7d average+0.001%fees + slippage, in and out−$80spread needed0.796%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX RAY-USDT-SWAP | 1.7509 | 0.0027 | pay 0.0027% / 8h | 5h 25m | $4.4M | $11.7M | 20x |
| Short | BloFin RAY-USDT | 1.7567 | 0.0100 | get 0.0100% / 8h | 5h 25m | $253K | $721K | 20x |
OKX RAY-USDT-SWAP
BloFin 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
- $33.13
- Funding while held
- $2.21
- Slippage, 4 orders
- −$57.57
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$44.23
- Spread needed to break even
- 0.796%
Slippage from OKX: live order book, 4 min ago; BloFin: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0074%
- Per $10,000 a day
- +$2.21
- 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 OKX live order book, 4 min ago | 1.71 bp | 17.8 bp −$18 | 152.1 bp −$1,521 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 2.28 bp | 22.7 bp −$23 | 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
Bullet1.7495+6.492%Variational Omni1.7506+6.561%
Injective
Bullet
Variational OmniOKX1.7509+6.580%
Kraken Futures1.7512+6.599%gTrade (Gains Network)1.7512+6.601%Bitget1.7513+6.605%Gate1.7514+6.611%KuCoin1.7514+6.611%BingX1.7518+6.635%MEXC1.7522+6.659%Orderly1.7523+6.665%SunX1.7534+6.732%HTX1.7564+6.915%
Kraken Futures
gTrade (Gains Network)
Bitget
Gate
KuCoin
BingX
MEXC
Orderly
SunX
HTXBloFin1.7567+6.933%
Lighter1.7574+6.976%
LighterRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −6.174% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Bullet RAY-USD | −0.083% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
| Variational Omni RAY | −0.018% | −0.0205% | 4h | $581K | $938K | — | as long as short |
| OKX RAY-USDT-SWAPlong | 0.000% | +0.0027% | 8h | $4.4M | $11.7M | 20x | |
| Kraken Futures PF_RAYUSD | +0.018% | −0.1040% | 1h | $81K | $381K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | +0.019% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Bitget RAYUSDT | +0.023% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| Gate RAY_USDT | +0.029% | +0.0100% | 4h | $598K | $891K | 25x | as long as short |
| KuCoin RAYUSDTM | +0.029% | +0.0100% | 4h | $2.0M | $686K | 50x | as long as short |
| BingX RAY-USDT | +0.051% | +0.0563% | 4h | — | $1.9M | — | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC RAY_USDT | +0.074% | +0.0615% | 8h | $13.5M | $2.0M | 100x | as long as short |
| Orderly PERP_RAY_USDC | +0.080% | +0.0100% | 4h | $225K | $181K | 10x | as long as short |
| SunX RAY-USDT | +0.143% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.314% | +0.0100% | 4h | $14K | $186K | 20x | as long as short |
| BloFin RAY-USDTshort | +0.331% | +0.0100% | 8h | $253K | $721K | 20x | |
| Lighter RAY | +0.371% | +0.0760% | 1h | $320K | $180K | 5x | as long as short |