RAY funding rates
RAY perpetual funding is currently quoted across 5 venues, ranging from -102.0% to -22.8% APR. The most reliable delta-neutral pairing for RAY right now is long Kraken / short Lighter at +7.6% net APR (high risk, ~2.4d to break even).
as of 2026-10-28 05:41 UTC
Best delta-neutral pairing
Long Kraken / Short Lighter
+7.6% net APR
- Backtested (30d)
- +64.9%
- Stability
- 91%
- Risk
- high
- Breakeven
- ~2.4d
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 | -22.78% |
| Kraken | -44.72% |
| Phoenix | -59.22% |
| TxFlow | -68.51% |
| Variational | -101.95% |
Frequently asked
What is the RAY funding rate right now?
RAY perpetual funding ranges from -101.95% to -22.78% APR across 5 exchanges we track; the widest delta-neutral spread is long Kraken / short Lighter at 7.6% net APR.
Which exchange has the highest RAY funding rate?
Lighter currently has the highest at -22.78% APR. See the full ranking above.