Spread before costs (cost unknown: a leg has no order-book sample)−0.156%
7d average−0.044%if it closes, per $10,000$16funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_RAY_USDC | 1.7920 | 0.0100 | pay 0.0050% / 4h | 54m 51s | $233K | $144K | 10x |
| Short | KuCoin RAYUSDTM | 1.7892 | 0.0100 | get 0.0050% / 4h | 54m 51s | $2.1M | $549K | 50x |
Orderly PERP_RAY_USDC
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
- −$15.63
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$33.63
- Spread needed to break even
- 0.180%
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 KuCoin live order book, 8 min ago | 4.21 bp | 39.2 bp −$39 | 316.5 bp −$3,165 | doesn't fit | doesn't fit |
Orderly: 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 Omni1.7873+8.797%
Injective
Variational OmniKuCoin1.7892+8.912%
BloFin1.7892+8.912%OKX1.7904+8.985%Bitget1.7912+9.033%Gate1.7917+9.064%MEXC1.7917+9.064%
BloFin
OKX
Bitget
Gate
MEXCOrderly1.7920+9.082%
BingX1.7923+9.100%HTX1.7926+9.119%Bullet1.7927+9.122%SunX1.7927+9.125%gTrade (Gains Network)1.7930+9.144%Kraken Futures1.7941+9.209%Lighter1.7971+9.393%
BingX
HTX
Bullet
SunX
gTrade (Gains Network)
Kraken Futures
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 | −8.326% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| Variational Omni RAY | −0.261% | −0.0722% | 4h | $612K | $866K | — | as long as short |
| KuCoin RAYUSDTMshort | −0.156% | +0.0100% | 4h | $2.1M | $549K | 50x | |
| BloFin RAY-USDT | −0.156% | +0.0037% | 8h | $251K | $733K | 20x | as long as short |
| OKX RAY-USDT-SWAP | −0.089% | −0.0083% | 8h | $4.4M | $11.9M | 20x | as long as short |
| Bitget RAYUSDT | −0.045% | +0.0100% | 4h | $2.7M | $2.9M | 25x | as long as short |
| Gate RAY_USDT | −0.017% | +0.0100% | 4h | $586K | $759K | 25x | as long as short |
| MEXC RAY_USDT | −0.017% | −0.0678% | 8h | $14.1M | $2.0M | 100x | as long as short |
| Orderly PERP_RAY_USDClong | 0.000% | +0.0100% | 4h | $233K | $144K | 10x | |
| BingX RAY-USDT | +0.017% | +0.0100% | 4h | — | $2.1M | — | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX RAY-USDT | +0.033% | +0.0100% | 4h | $15K | $241K | 20x | as long as short |
| Bullet RAY-USD | +0.037% | −0.0305% | 1h | $105K | $47K | 10x | as long as short |
| SunX RAY-USDT | +0.039% | +0.0100% | 4h | — | $2.5M | 10x | as long as short |
| gTrade (Gains Network) RAY/USD | +0.057% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| Kraken Futures PF_RAYUSD | +0.117% | −0.1292% | 1h | $84K | $350K | 10x | as long as short |
| Lighter RAY | +0.285% | +0.0656% | 1h | $328K | $144K | 5x | as long as short |