RAY funding rates
RAY perpetual funding is currently quoted across 4 venues, ranging from -104.4% to +10.5% APR. The most reliable delta-neutral pairing for RAY right now is long Kraken / short Lighter at +82.9% net APR (low risk, ~0.7d to break even).
as of 2026-09-12 05:03 UTC
Best delta-neutral pairing
Long Kraken / Short Lighter
+82.9% net APR
- Backtested (30d)
- +69.3%
- Stability
- 100%
- Risk
- low
- Breakeven
- ~0.7d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeRAY funding by exchange
| Exchange | Funding APR |
|---|---|
| Lighter | +10.51% |
| TxFlow | -30.04% |
| Variational | -41.58% |
| Kraken | -104.38% |
Frequently asked
What is the RAY funding rate right now?
RAY perpetual funding ranges from -104.38% to 10.51% APR across 4 exchanges we track; the widest delta-neutral spread is long Kraken / short Lighter at 82.9% net APR.
Which exchange has the highest RAY funding rate?
Lighter currently has the highest at 10.51% APR. See the full ranking above.