RAY funding rate on Kraken
Over the last 30 days, RAY funding on Kraken averaged -82.9% APR and stayed positive 13.5% of the time, ranging from -681.1% to +139.5%. Right now it pays shorts pay longs at -118.2% APR, settled every 1h across 5 venues we track. The most reliable delta-neutral pairing for RAY right now is long Kraken / short Lighter at +54.6% net APR (high risk, ~0.9d to break even).
RAY funding history on Krakenlast 30d
- Backtested (30d)
- +70.2%
- Stability
- 90.4%
- Risk
- high
- Breakeven
- ~0.9d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How RAY funding compares across venues
| Exchange | Funding APR |
|---|---|
| Lighter | -48.18% |
| TxFlow | -49.16% |
| Phoenix | -49.25% |
| Variational | -94.22% |
| Kraken | -118.22% |
Frequently asked
What is the current RAY funding rate on Kraken?
RAY on Kraken is funding at -118.22% APR (-0.0135% every 1h), paid shorts pay longs, as of 2026-10-28 02:51 UTC.
How often does Kraken pay funding on RAY?
Every 1 hour.
How do I earn RAY funding without price risk?
Open a delta-neutral position: long Kraken and short Lighter, currently 54.6% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.