data as of
Settings8H · net · $10k
Price arb /

RAY

all RAY markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)+0.405%
7d average+0.033%if it closes, per $10,000$40funding while held, a day+$0.00
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX RAY-USDT1.77810.0100pay 0.0050% / 4h57m 26s$2.5M10x
ShortOrderly PERP_RAY_USDC1.78530.0100get 0.0050% / 4h57m 26s$232K$144K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$40.49
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee SunX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
$24.49
Spread needed to break even
0.160%
Slippage unknown: SunX: live order book, 6 min ago; Orderly: no order-book sample. 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago45.52 bp64.7 bp −$65doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
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.

RAY on 16 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RAY/USDC PERP−7.609%+0.0033%1h$266$255.5xas long as short
Variational Omni RAY−0.361%−0.0691%4h$608K$866Kas long as short
BloFin RAY-USDT−0.337%+0.0045%8h$249K$725K20xas long as short
KuCoin RAYUSDTM−0.118%+0.0100%4h$2.0M$539K50xas long as short
SunX RAY-USDTlong0.000%+0.0100%4h$2.5M10x
Kraken Futures PF_RAYUSD+0.027%−0.1304%1h$84K$350K10xas long as short
HTX RAY-USDT+0.073%+0.0100%4h$15K$241K20xas long as short
Bitget RAYUSDT+0.169%+0.0100%4h$2.6M$2.8M25xas long as short
MEXC RAY_USDT+0.174%−0.0690%8h$14.0M$2.0M100xas long as short
Lighter RAY+0.281%+0.0344%1h$326K$144K5xas long as short
Show all 16 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX RAY-USDT-SWAP+0.315%−0.0085%8h$4.3M$11.8M20xas long as short
Bullet RAY-USD+0.315%−0.0537%1h$105K$47K10xas long as short
Gate RAY_USDT+0.321%+0.0100%4h$584K$755K25xas long as short
BingX RAY-USDT+0.326%+0.0100%4h$2.1Mas long as short
gTrade (Gains Network) RAY/USD+0.395%L +0.0001% / S +0.0056%1h$2K150xas long as short
Orderly PERP_RAY_USDCshort+0.405%+0.0100%4h$232K$144K10x