RAY Funding Rate — live across 6 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized RAY perpetual funding across all 6 venues Perpia tracks. Right now RAY funding is positive on 4 and negative on 2, ranging from +10.9% on Bitget to -132.7% on KuCoin — a spread of 143.7%. The widest delta-neutral trade is long KuCoin / short Bitget at 138.7% net APR.
RAY funding rate by venue
7 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bitget | +10.9% | 4h |
| MEXC | +5.5% | 8h |
| BingX | +5.5% | 8h |
| Gate.io | +3.5% | 4h |
| OKX | -4.9% | 8h |
| KuCoin | -132.7% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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RAY funding — FAQ
Is RAY funding positive right now?
RAY perpetual funding is positive on 4 of 6 venues Perpia tracks and negative on 2. The highest is +10.9% on Bitget; the lowest is -132.7% on KuCoin.
What is the best RAY funding arbitrage right now?
Go long KuCoin and short Bitget for about 138.7% net APR after fees — the widest delta-neutral RAY spread Perpia currently sees.
Which exchange has the highest RAY funding rate?
Bitget, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How RAY funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.