Spread before costs (cost unknown: a leg has no order-book sample)−8.152%
7d average—if it closes, per $10,000$815funding while held, a day−$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_RAY_USDC | 1.7886 | 0.0100 | pay 0.0050% / 4h | 3h 22m | $236K | $158K | 10x |
| Short | Injective RAY/USDC PERP | 1.6428 | 0.0033 | get 0.0004% / 1h | 22m 50s | $266 | $25 | 5.5x |
Orderly PERP_RAY_USDC
Injective RAY/USDC PERPPrice 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
- −$815.16
- Funding while held
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$823.18
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.00
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
RAY price on every exchange
against the cheapest. Click to use as the short leg.Injective1.6428cheapest
Variational Omni1.7773+8.186%HTX1.7847+8.638%Bullet1.7858+8.705%BloFin1.7858+8.705%SunX1.7861+8.723%Kraken Futures1.7884+8.860%OKX1.7885+8.869%KuCoin1.7886+8.875%
Variational Omni
HTX
Bullet
BloFin
SunX
Kraken Futures
OKX
KuCoinOrderly1.7886+8.875%
gTrade (Gains Network)1.7888+8.884%BingX1.7893+8.918%Bitget1.7903+8.979%Gate1.7905+8.991%MEXC1.7909+9.015%Lighter1.7929+9.137%
gTrade (Gains Network)
BingX
Bitget
Gate
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 PERPshort | −8.152% | +0.0033% | 1h | $266 | $25 | 5.5x | |
| Variational Omni RAY | −0.633% | −0.0660% | 4h | $670K | $908K | — | as long as short |
| HTX RAY-USDT | −0.218% | +0.0100% | 4h | $14K | $214K | 20x | as long as short |
| Bullet RAY-USD | −0.157% | +0.0066% | 1h | $105K | $47K | 10x | as long as short |
| BloFin RAY-USDT | −0.157% | +0.0015% | 8h | $259K | $810K | 20x | as long as short |
| SunX RAY-USDT | −0.140% | +0.0100% | 4h | — | $2.6M | 10x | as long as short |
| Kraken Futures PF_RAYUSD | −0.014% | +0.0777% | 1h | $83K | $365K | 10x | as long as short |
| OKX RAY-USDT-SWAP | −0.006% | −0.0103% | 8h | $4.5M | $11.6M | 20x | as long as short |
| KuCoin RAYUSDTM | 0.000% | −0.0076% | 4h | $2.1M | $607K | 50x | as long as short |
| Orderly PERP_RAY_USDClong | 0.000% | +0.0100% | 4h | $236K | $158K | 10x |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) RAY/USD | +0.008% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| BingX RAY-USDT | +0.039% | +0.0100% | 4h | — | $2.0M | — | as long as short |
| Bitget RAYUSDT | +0.095% | +0.0100% | 4h | $2.6M | $2.7M | 25x | as long as short |
| Gate RAY_USDT | +0.106% | +0.0100% | 4h | $638K | $807K | 25x | as long as short |
| MEXC RAY_USDT | +0.129% | +0.0050% | 8h | $13.9M | $2.0M | 100x | as long as short |
| Lighter RAY | +0.240% | +0.0568% | 1h | $346K | $182K | 5x | as long as short |