Volume Monitor
Live crypto data · 8 exchanges
Connecting…

RAY funding rate live

The open-interest-weighted RAY funding rate is 0.0349% per 8 hours (≈38% APR) across 5 perpetual markets, so longs pay shorts. The highest rate is 0.0718% on MEXC (RAY_USDT) and the lowest 0.0100% on Bitget (RAYUSDT), a spread of 0.0618% per 8h (≈68% APR). These markets hold $10.08M of open interest. Rates are converted to an 8-hour equivalent so exchanges with different funding intervals compare directly. Funding is paid every 4 hours on Bitget, KuCoin, Gate and HTX and every 8 hours on MEXC. The next payment is on Bitget (RAYUSDT) at 20:00 UTC, in 1h 56m, at a predicted 0.0050% for its 4h interval.

Tracking for ~5h Updates every 5 s RAY overview

Funding, 8hOI-weighted
0.0349%
≈38% APRlongs pay shorts
HighestMEXC
0.0718%
≈79% APRRAY_USDT
LowestBitget
0.0100%
≈11% APRRAYUSDT
Spread between exchanges
0.0618%
≈68% APRArbitrage →

RAY funding rate by exchange

8h equivalent · hover a rate for the exact APR
Market Funding 8h APR Interval Next funding Settles in Who pays Open interest OI share 24h volume Price Trade
MEXC RAY_USDT 0.0718% 79% 8h 0.0718% 5h 56m Longs pay $4.05M 40.2% $3.57M 2.163 Trade
Bitget RAYUSDT 0.0100% 11% 4h 0.0050% 1h 56m Longs pay $3.31M 32.8% $2.82M 2.163 Trade
KuCoin RAYUSDTM 0.0100% 11% 4h 0.0050% 1h 56m Longs pay $2.01M 19.9% $890K 2.161 Trade
Gate RAY_USDT 0.0100% 11% 4h 0.0050% 1h 56m Longs pay $690K 6.8% $1.02M 2.162 Trade
HTX RAY-USDT 0.0100% 11% 4h 0.0050% 1h 56m Longs pay $15K 0.1% $118K 2.163 Trade

Sorted by open interest. Exchanges settle funding every 1, 4 or 8 hours. Funding 8h and APR convert every rate to 8 hours so they compare directly; Next funding is the predicted payment for the market's own interval at its next settlement, which moves with the premium until then. Where an exchange publishes no settlement time (Hyperliquid, Gate), it is the next whole interval on the UTC clock, when those exchanges settle. Trade links go to the exchange and may be referral links. Compare every coin on the funding rates page.

RAY funding history

From recorded history, hourly

RAY funding has averaged 0.0100% per 8 hours since 15:20 UTC on 27 Sep (≈11% APR), positive in 100% of hourly readings, so longs mostly paid shorts.

RAY funding rate

OI-weighted, 8h

Chart: TradingView Lightweight Charts™

RAY funding rate by exchange

8h equivalent, per exchange

Chart: TradingView Lightweight Charts™

About the RAY funding rate

What is the RAY funding rate?

RAY perpetual futures never expire, so exchanges keep their price near spot with funding: a periodic payment between longs and shorts. When the perp trades above spot, the rate is positive and longs pay shorts; below spot it turns negative and shorts pay longs. The payment is a percentage of position size, charged every 1, 4 or 8 hours depending on the exchange.

How to read it

Binance and Bybit's default rate when the perp is in line with spot is 0.0100% per 8h (about 11% APR). Well above that means leveraged longs are paying up to hold RAY; negative means shorts are crowded. The APR column shows what holding a position costs or earns over a year at today's rate. A wide spread between exchanges is what funding arbitrage traders look for.

Why do exchanges show different rates?

Each exchange computes funding from its own order book and premium, so the RAY rate differs by venue, and intervals differ too. Volume Monitor converts every rate to an 8-hour equivalent and weights the headline figure by open interest. Rates update every few seconds from the exchanges' public feeds.

When is the next RAY funding payment?

Each market settles on its own schedule: the Interval and Settles in columns above show it per exchange. Only traders holding a position at the settlement time pay or receive. The Next funding column is the predicted payment for that interval: the rate the exchange currently shows, which keeps moving with the perp's premium until settlement, so the final figure can differ. The funding history below shows how the RAY rate has moved.