Spread before costs (cost unknown: a leg has no order-book sample)+0.253%
7d average+0.127%if it closes, per $10,000$25funding while held, a day+$5.40
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_RAY_USDC | 1.7818 | 0.0100 | pay 0.0050% / 4h | 3m 59s | $235K | $150K | 10x |
| Short | Lighter RAY | 1.7863 | 0.0280 | get 0.0035% / 1h | 3m 59s | $321K | $150K | 5x |
Orderly PERP_RAY_USDC
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
- $25.26
- Funding while held
- $5.4
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $24.66
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 37 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0180%
- Per $10,000 a day
- +$5.40
- 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 Lighter live order book, 37 min ago | 9.49 bp | 19.9 bp −$20 | 114.3 bp −$1,143 | 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
BloFin1.7765+8.139%KuCoin1.7784+8.254%Bullet1.7797+8.333%BingX1.7804+8.376%Gate1.7812+8.425%gTrade (Gains Network)1.7813+8.430%MEXC1.7813+8.431%OKX1.7816+8.449%Bitget1.7817+8.455%
Injective
BloFin
KuCoin
Bullet
BingX
Gate
gTrade (Gains Network)
MEXC
OKX
BitgetOrderly1.7818+8.461%
SunX1.7818+8.461%Variational Omni1.7841+8.599%
SunX
Variational OmniLighter1.7863+8.735%
HTX1.7865+8.747%Kraken Futures1.7884+8.860%
HTX
Kraken FuturesRAY on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RAY/USDC PERP | −7.801% | +0.0033% | 1h | $266 | $25 | 5.5x | as long as short |
| BloFin RAY-USDT | −0.297% | +0.0010% | 8h | $252K | $794K | 20x | as long as short |
| KuCoin RAYUSDTM | −0.191% | −0.0004% | 4h | $2.1M | $605K | 50x | as long as short |
| Bullet RAY-USD | −0.118% | −0.0255% | 1h | $105K | $47K | 10x | as long as short |
| BingX RAY-USDT | −0.079% | +0.0100% | 4h | — | $2.0M | — | as long as short |
| Gate RAY_USDT | −0.034% | +0.0100% | 4h | $590K | $799K | 25x | as long as short |
| gTrade (Gains Network) RAY/USD | −0.029% | L +0.0001% / S +0.0056% | 1h | $2K | — | 150x | as long as short |
| MEXC RAY_USDT | −0.028% | +0.0050% | 8h | $13.8M | $2.1M | 100x | as long as short |
| OKX RAY-USDT-SWAP | −0.011% | −0.0108% | 8h | $4.4M | $11.9M | 20x | as long as short |
| Bitget RAYUSDT | −0.006% | +0.0100% | 4h | $2.6M | $2.8M | 25x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_RAY_USDClong | 0.000% | +0.0100% | 4h | $235K | $150K | 10x | |
| SunX RAY-USDT | 0.000% | +0.0100% | 4h | — | $2.7M | 10x | as long as short |
| Variational Omni RAY | +0.127% | −0.0725% | 4h | $631K | $889K | — | as long as short |
| Lighter RAYshort | +0.253% | +0.0280% | 1h | $321K | $150K | 5x | |
| HTX RAY-USDT | +0.264% | +0.0100% | 4h | $14K | $223K | 20x | as long as short |
| Kraken Futures PF_RAYUSD | +0.368% | −0.1297% | 1h | $98K | $367K | 10x | as long as short |