ArbiLayer

RAY arbitrage

live

Live Raydium price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.07%Bitget → Variational · Perp–Perp
Best perp–perp spread+0.09%Bitget → Variational
Markets tracked138 venues · 7 perp · 6 spot · 0 DEX
Price range0.28%$2.21 – $2.22

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bitget logoBitget$2.21Variational logoVariational$2.22 +0.09%-0.07% +0.07%— -0.074%— LS Chart →
MEXC logoMEXC$2.21Variational logoVariational$2.22 +0.08%-0.08% +0.20%— +0.273%— LS Chart →
Gate logoGate$2.21Variational logoVariational$2.22 +0.08%-0.08% +0.04%— -0.197%— LS Chart →
OKX logoOKX$2.21Variational logoVariational$2.22 +0.03%-0.13% -0.01%— -0.195%— LS Chart →
Bitget logoBitget$2.21OKX logoOKX$2.21 +0.02%-0.14% +0.05%— +0.121%— LS Chart →
MEXC logoMEXC$2.21OKX logoOKX$2.21 +0.01%-0.15% +0.17%— +0.468%— LS Chart →
Gate logoGate$2.21OKX logoOKX$2.21 +0.01%-0.15% +0.02%— -0.002%— LS Chart →
Bitget logoBitget$2.21KuCoin logoKuCoin$2.21 -0.01%-0.17% +0.01%— +0.123%— LS Chart →
MEXC logoMEXC$2.21KuCoin logoKuCoin$2.21 -0.02%-0.18% +0.13%— +0.470%— LS Chart →
Gate logoGate$2.21KuCoin logoKuCoin$2.21 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Bitget logoBitget$2.21Gate logoGate$2.21 -0.02%-0.18% -0.00%— +0.123%— LS Chart →
MEXC logoMEXC$2.21Gate logoGate$2.21 -0.03%-0.19% +0.12%— +0.470%— LS Chart →
Bitget logoBitget$2.21MEXC logoMEXC$2.21 -0.04%-0.20% -0.17%— -0.347%— LS Chart →
MEXC logoMEXC$2.21Bitget logoBitget$2.21 -0.05%-0.21% +0.08%— +0.347%— LS Chart →
Gate logoGate$2.21Bitget logoBitget$2.21 -0.05%-0.21% -0.07%— -0.123%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

RAY price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · RAY-USDT-SWAPPerpetual $2.21$2.21$2.21-0.05% +0.028%$22.05M
MEXC logoMEXCPerpetual · RAY_USDTPerpetual $2.21$2.21$2.21-0.10% -0.440%$5.86M
Gate logoGatePerpetual · RAY_USDTPerpetual $2.21$2.21$2.21-0.09% +0.030%$5.60M
Bitget logoBitgetPerpetual · RAYUSDTPerpetual $2.21$2.21$2.21-0.10% -0.093%$3.50M
OKX logoOKXSpot · RAY-USDTSpot $2.22$2.22$2.22+0.07% —$2.50M
KuCoin logoKuCoinPerpetual · RAYUSDTMPerpetual $2.21$2.22$2.22-0.01% +0.030%$1.07M
KuCoin logoKuCoinSpot · RAY-USDTSpot $2.21$2.22$2.220.00% —$988.0K
Bitget logoBitgetSpot · RAYUSDTSpot $2.22$2.22$2.22+0.05% —$801.8K
Gate logoGateSpot · RAY_USDTSpot $2.22$2.22$2.22+0.07% —$505.6K
Variational logoVariationalPerpetual · RAYPerpetual $2.22$2.22$2.22+0.10% -0.167%$269.6K
HTX logoHTXPerpetual · RAY-USDTPerpetual $2.21$2.22$2.21-0.16% +0.015%$81.4K
Binance logoBinanceSpot · RAYUSDTSpot $2.22$2.22$2.22+0.12% ——
MEXC logoMEXCSpot · RAYUSDTSpot $2.22$2.22$2.22+0.12% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

RAY arbitrage explained

Right now Raydium (RAY) trades on 8 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $2.21 and the highest bid on Binance spot at $2.22.

The widest RAY perpetual spread is between Bitget and Variational: long RAY on Bitget at $2.21 and short on Variational at $2.22 for +0.09% gross, or -0.07% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.074% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best RAY route is to buy spot on KuCoin and short the perpetual on Variational: -0.07% gross, -0.27% net, with -0.167% a day of funding on the short leg.

Spot–spot RAY arbitrage (buy on KuCoin, withdraw, deposit and sell on Binance) shows +0.01% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small RAY gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: RAY funding rates · RAY spread charts · Raydium price · arbitrage scanner for all coins.

Is there a RAY arbitrage opportunity right now?

The best RAY route right now is to buy on Bitget → sell on Variational (Perp–Perp): +0.09% gross and -0.07% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest RAY?

Bitget (perp) has the lowest RAY ask at $2.21, and Binance (spot) the highest bid at $2.22. Prices update every 15 seconds on this page.

How many exchanges list RAY?

ArbiLayer tracks 13 RAY markets on 8 venues: 7 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage RAY without transferring coins?

Use two perpetual contracts: go long RAY on the cheaper exchange (Bitget now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

CRO +18.39%BLAST +17.75%UPC +7.25%BDX +7.08%ONE +6.57%ESPORTS +6.51%OPENAI +5.16%AI +4.49%CATE +3.79%SPCX +3.70%ANTHROPIC +3.56%FLYBRAIN +3.50%EGLD +3.15%ZIL +3.15%OURA +2.97%HOOKED +2.73%PENGSTOCK +2.45%BEN +2.36%