After costs, if the gap returns to its 7d average, $10k−$125
spread now+0.177%7d average+0.217%fees + slippage, in and out−$121spread needed1.206%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX RAY-USDT-SWAP | 1.7531 | −0.0042 | get 0.0042% / 8h | 6h 17m | $4.4M | $11.6M | 20x |
| Short | Lighter RAY | 1.7562 | 0.0928 | get 0.0116% / 1h | 17m 32s | $329K | $187K | 5x |
OKX RAY-USDT-SWAP
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
- $17.68
- Funding while held
- $29.1
- Slippage, 4 orders
- −$110.58
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$73.79
- Spread needed to break even
- 1.206%
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 14 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0970%
- Per $10,000 a day
- +$29.10
- 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, 2 min ago | 2.57 bp | 28.1 bp −$28 | 179.8 bp −$1,798 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 14 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 Futures1.7480+6.405%BloFin1.7501+6.532%SunX1.7513+6.605%KuCoin1.7519+6.641%MEXC1.7523+6.665%gTrade (Gains Network)1.7523+6.667%Gate1.7524+6.672%BingX1.7526+6.684%Bullet1.7526+6.684%HTX1.7527+6.690%
Injective
Kraken Futures
BloFin
SunX
KuCoin
MEXC
gTrade (Gains Network)
Gate
BingX
Bullet
HTXOKX1.7531+6.714%
Bitget1.7531+6.714%Orderly1.7541+6.775%
Bitget
OrderlyLighter1.7562+6.903%
Variational Omni1.7620+7.259%
Variational OmniRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −6.292% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Kraken Futures PF_RAYUSD | −0.290% | −0.0714% | 1h | $81K | $381K | 10x | as long as short |
| BloFin RAY-USDT | −0.171% | +0.0070% | 8h | $251K | $787K | 20x | as long as short |
| SunX RAY-USDT | −0.103% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| KuCoin RAYUSDTM | −0.068% | −0.0006% | 4h | $2.0M | $674K | 50x | as long as short |
| MEXC RAY_USDT | −0.046% | +0.0050% | 8h | $13.5M | $2.1M | 100x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.044% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Gate RAY_USDT | −0.040% | +0.0100% | 4h | $619K | $840K | 25x | as long as short |
| BingX RAY-USDT | −0.029% | +0.0638% | 4h | — | $1.9M | — | as long as short |
| Bullet RAY-USD | −0.029% | +0.0100% | 1h | $103K | $46K | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX RAY-USDT | −0.023% | +0.0100% | 4h | $14K | $199K | 20x | as long as short |
| OKX RAY-USDT-SWAPlong | 0.000% | −0.0042% | 8h | $4.4M | $11.6M | 20x | |
| Bitget RAYUSDT | 0.000% | +0.0100% | 4h | $2.6M | $2.9M | 25x | as long as short |
| Orderly PERP_RAY_USDC | +0.057% | +0.0100% | 4h | $226K | $179K | 10x | as long as short |
| Lighter RAYshort | +0.177% | +0.0928% | 1h | $329K | $187K | 5x | |
| Variational Omni RAY | +0.511% | −0.0524% | 4h | $585K | $942K | — | as long as short |