After costs, if the gap returns to its 7d average, $10k−$172
spread now−0.102%7d average+0.011%fees + slippage, in and out−$161spread needed1.610%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX RAY-USDT-SWAP | 1.7653 | 0.0027 | pay 0.0027% / 8h | 5h 19m | $4.4M | $11.8M | 20x |
| Short | KuCoin RAYUSDTM | 1.7635 | 0.0100 | get 0.0050% / 4h | 1h 19m | $2.0M | $689K | 50x |
OKX RAY-USDT-SWAP
KuCoin RAYUSDTMPrice 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
- −$10.2
- Funding while held
- $2.19
- Slippage, 4 orders
- −$139.03
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$169.03
- Spread needed to break even
- 1.610%
Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0073%
- Per $10,000 a day
- +$2.19
- 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, 5 min ago | 2.28 bp | 25.7 bp −$26 | 160.2 bp −$1,602 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 6.55 bp | 40.7 bp −$41 | 338.5 bp −$3,385 | doesn't fit | doesn't fit |
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Variational Omni1.7505+6.557%BloFin1.7558+6.879%HTX1.7605+7.165%Kraken Futures1.7606+7.171%Bullet1.7607+7.177%SunX1.7613+7.213%Orderly1.7618+7.244%gTrade (Gains Network)1.7620+7.253%BingX1.7624+7.280%Gate1.7625+7.286%
Injective
Variational Omni
BloFin
HTX
Kraken Futures
Bullet
SunX
Orderly
gTrade (Gains Network)
BingX
GateKuCoin1.7635+7.347%
Bitget1.7637+7.359%
BitgetOKX1.7653+7.457%
MEXC1.7657+7.481%Lighter1.7674+7.585%
MEXC
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 | −6.939% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Variational Omni RAY | −0.838% | −0.0139% | 4h | $581K | $938K | — | as long as short |
| BloFin RAY-USDT | −0.538% | +0.0112% | 8h | $253K | $721K | 20x | as long as short |
| HTX RAY-USDT | −0.272% | +0.0100% | 4h | $14K | $185K | 20x | as long as short |
| Kraken Futures PF_RAYUSD | −0.266% | −0.1035% | 1h | $82K | $381K | 10x | as long as short |
| Bullet RAY-USD | −0.261% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
| SunX RAY-USDT | −0.227% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| Orderly PERP_RAY_USDC | −0.198% | +0.0100% | 4h | $227K | $181K | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.189% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| BingX RAY-USDT | −0.164% | +0.0630% | 4h | — | $1.9M | — | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate RAY_USDT | −0.159% | +0.0100% | 4h | $602K | $894K | 25x | as long as short |
| KuCoin RAYUSDTMshort | −0.102% | +0.0100% | 4h | $2.0M | $689K | 50x | |
| Bitget RAYUSDT | −0.091% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| OKX RAY-USDT-SWAPlong | 0.000% | +0.0027% | 8h | $4.4M | $11.8M | 20x | |
| MEXC RAY_USDT | +0.023% | +0.0050% | 8h | $13.6M | $2.0M | 100x | as long as short |
| Lighter RAY | +0.119% | +0.0784% | 1h | $322K | $181K | 5x | as long as short |