RAY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0368%/8h= +40.3% APRnext payment +$1.84 per $10,000 · paid last 24h +0.164%

Price spread now: Orderly against Variational Omni−0.664%7-day average +0.069% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.212%+$21 on $10k

Price spread, last 3 days (all we have)+0.765%+$77 · spread now −0.664%, 7d avg +0.069%

Together, before fees+0.977%+ Points / potential airdropVariational Omni: Active · farm board+$98 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.733% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.664% now, against its 7-day average of +0.069%). If the spread goes back, that is −$73 on $10k: about 6.6 days of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RAY	1.8592	0.0100	pay 0.0050% / 4h	1h 31m	$734K	$1.0M	—
Short	Orderly PERP_RAY_USDC	1.8469	0.0468	get 0.0234% / 4h	1h 31m	$256K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee OrderlybpOrdersPrice spread, now −0.664%Rate

Funding earned: $77.33
Price spread: −0.664% → +0.069%: −$73.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1.96
Costs to cover: 0.060%
Break-even: 7.2 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Orderly: no order-book sample. 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, 3 min ago	5.96 bp	doesn't fit	105.9 bp −$1,059	doesn't fit	doesn'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 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_RAYUSD	−0.2282%	1h	1.8493	−0.534%	$99K	$448K	10x	as long as short
gTrade (Gains Network) RAY/USD	L +0.0001% / S +0.0056%	1h	1.8463	−0.695%	$2K	—	150x	as long as short
Injective RAY/USDC PERP	+0.0033%	1h	1.6428	−11.641%	$266	$25	5.5x	as long as short
MEXC RAY_USDT	+0.0050%	8h	1.8480	−0.604%	$13.6M	$2.5M	100x	as long as short
Lighter RAY	+0.0096%	1h	1.8489	−0.556%	$299K	$250K	5x	as long as short
OKX RAY-USDT-SWAP	+0.0100%	8h	1.8458	−0.723%	$4.6M	$13.3M	20x	as long as short
Gate RAY_USDT	+0.0100%	4h	1.8473	−0.642%	$576K	$1.1M	25x	as long as short
KuCoin RAYUSDTM	+0.0100%	4h	1.8480	−0.604%	$2.0M	$768K	50x	as long as short
Bitget RAYUSDT	+0.0100%	4h	1.8466	−0.680%	$2.7M	$3.5M	25x	as long as short
BingX RAY-USDT	+0.0100%	4h	1.8476	−0.626%	—	$2.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RAYlong	+0.0100%	4h	1.8592	long leg	$734K	$1.0M	—
Bullet RAY-USD	+0.0100%	1h	1.8463	−0.696%	$108K	$47K	10x	as long as short
SunX RAY-USDT	+0.0100%	4h	1.8458	−0.723%	—	$2.6M	10x	as long as short
HTX RAY-USDT	+0.0100%	4h	1.8439	−0.825%	$15K	$137K	20x	as long as short
BloFin RAY-USDT	+0.0220%	8h	1.8464	−0.690%	$254K	$870K	20x	as long as short
Orderly PERP_RAY_USDCshort	+0.0468%	4h	1.8469	−0.664%	$256K	$248K	10x