Funding you earn now, next payment 22:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h +0.086%
Price spread now: Kraken Futures against Variational Omni−0.694%7-day average +0.169% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.606%+$61 on $10k
+Price spread, last 3 days (all we have)+1.336%+$134 · spread now −0.694%, 7d avg +0.169%
=Together, before fees+1.942%+ Points / potential airdropVariational Omni: Active · farm board+$194 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.863% cheaper against Variational Omni than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of +0.169%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.606%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni RAY | 1.8189 | 0.0100 | pay 0.0050% / 4h | 2h 06m | $715K | $1.1M | — |
| Short | Kraken Futures PF_RAYUSD | 1.8063 | −0.0048 | pay 0.0006% / 1h | 6m 42s | $92K | $448K | 10x |
Variational Omni RAY
Kraken Futures PF_RAYUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.99
- Price spread: −0.694% → +0.169%
- −$86.34
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$127.33
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Kraken Futures: live order book, 16 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 2 min ago | 6.30 bp | doesn't fit | 157.7 bp −$1,577 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 16 min ago | 47.31 bp | 52.4 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
RAY on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAYUSDshort | −0.0048% | 1h | 1.8063 | −0.694% | $92K | $448K | 10x | |
| gTrade (Gains Network) RAY/USD | L +0.0001% / S +0.0056% | 1h | 1.8132 | −0.317% | $1K | — | 150x | as long as short |
| Injective RAY/USDC PERP | +0.0033% | 1h | 1.6428 | −9.683% | $266 | $25 | 5.5x | as long as short |
| MEXC RAY_USDT | +0.0050% | 8h | 1.8114 | −0.414% | $13.4M | $2.5M | 100x | as long as short |
| OKX RAY-USDT-SWAP | +0.0100% | 8h | 1.8080 | −0.601% | $4.5M | $13.1M | 20x | as long as short |
| Gate RAY_USDT | +0.0100% | 4h | 1.8104 | −0.469% | $573K | $1.1M | 25x | as long as short |
| KuCoin RAYUSDTM | +0.0100% | 4h | 1.8110 | −0.436% | $2.0M | $762K | 50x | as long as short |
| Bitget RAYUSDT | +0.0100% | 4h | 1.8113 | −0.419% | $2.6M | $3.4M | 25x | as long as short |
| BingX RAY-USDT | +0.0100% | 4h | 1.8108 | −0.447% | — | $2.0M | — | as long as short |
| Variational Omni RAYlong | +0.0100% | 4h | 1.8189 | long leg | $715K | $1.1M | — |
gTrade (Gains Network) RAY/USD
Injective RAY/USDC PERP
MEXC RAY_USDT
OKX RAY-USDT-SWAP
Gate RAY_USDT
KuCoin RAYUSDTM
Bitget RAYUSDT
BingX RAY-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet RAY-USD | +0.0100% | 1h | 1.8127 | −0.342% | $106K | $47K | 10x | as long as short |
| SunX RAY-USDT | +0.0100% | 4h | 1.8130 | −0.326% | — | $2.6M | 10x | as long as short |
| HTX RAY-USDT | +0.0100% | 4h | 1.8116 | −0.403% | $15K | $144K | 20x | as long as short |
| BloFin RAY-USDT | +0.0220% | 8h | 1.8095 | −0.518% | $258K | $853K | 20x | as long as short |
| Orderly PERP_RAY_USDC | +0.0417% | 4h | 1.8143 | −0.254% | $251K | $250K | 10x | as long as short |
| Lighter RAY | +0.0520% | 1h | 1.8126 | −0.348% | $297K | $267K | 5x | as long as short |
Bullet RAY-USD
SunX RAY-USDT
HTX RAY-USDT
BloFin RAY-USDT
Orderly PERP_RAY_USDC
Lighter RAY