Ray (RAY) — Funding Rates
Perpetual futures funding rates across exchanges
Ray (RAY) perpetual futures currently show funding across 12 markets, averaging 0.0543% per interval. The highest rate is 0.5000%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
12
Highest Rate
0.5000%
Lowest Rate
0.0050%
Total Perp Markets
12
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| OKX | RAY/USDT | +0.0100% | +0.0% | 8000h | $1.69 | $17.92M |
| Bitget | RAY/USDT | +0.0050% | +0.0% | 8000h | $1.68 | $5.56M |
| Bitunix | RAY/USDT | +0.5000% | +0.5% | 8000h · 4:00:00 PM | $1.69 | $3.51M |
| Bingx | RAY/USDT | +0.0224% | +0.0% | 8000h | $1.69 | $3M |
| Kucoin | RAY/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $1.69 | $1.83M |
| Pionex | RAY/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $1.68 | $1.39M |
| Gate | RAY/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 AM | $1.69 | $1.05M |
| Blofin | RAY/USDT | +0.0087% | +0.0% | 8000h · 4:00:00 PM | $1.69 | $488.82K |
| Xt | RAY/USDT | +0.0050% | +0.0% | 8000h | $1.22 | $395.95K |
| Lighter | RAY/USDC | +0.0656% | +0.6% | 1000h · 2:07:25 PM | $1.69 | $199.64K |
| MEXC | RAY/USDT | +0.0050% | +0.0% | 8000h | $0.80 | $148.74K |
| Coinex | RAY/USDT | +0.0150% | +0.0% | 8000h · 12:00:00 AM | $1.70 | $77.89K |
Ray Funding Rate FAQ
What is the RAY funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on RAY perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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