RAY arbitrage

live

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

Best net spread+0.09%MEXC → Variational · Perp–Perp

Best perp–perp spread+0.25%MEXC → Variational

Markets tracked138 venues · 7 perp · 6 spot · 0 DEX

Price range0.47%$2.45 – $2.46

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart

No venue pairs for this coin in this mode right now.

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

OKXPerpetual · RAY-USDT-SWAPPerpetual $2.46$2.46$2.46-0.05% +0.019%$91.45M

GatePerpetual · RAY_USDTPerpetual $2.46$2.46$2.46-0.06% -0.083%$33.97M

MEXCPerpetual · RAY_USDTPerpetual $2.45$2.45$2.45-0.15% -0.586%$25.39M

BitgetPerpetual · RAYUSDTPerpetual $2.45$2.46$2.45-0.12% -0.145%$17.57M

OKXSpot · RAY-USDTSpot $2.46$2.46$2.46+0.07% —$13.92M

KuCoinPerpetual · RAYUSDTMPerpetual $2.45$2.46$2.46-0.07% +0.030%$4.43M

GateSpot · RAY_USDTSpot $2.46$2.46$2.46+0.19% —$4.30M

KuCoinSpot · RAY-USDTSpot $2.46$2.46$2.46+0.09% —$3.53M

BitgetSpot · RAYUSDTSpot $2.46$2.46$2.460.00% —$3.46M

VariationalPerpetual · RAYPerpetual $2.46$2.46$2.46+0.19% -0.172%$2.11M

HTXPerpetual · RAY-USDTPerpetual $2.44$2.46$2.45-0.27% +0.015%$152.4K

BinanceSpot · RAYUSDTSpot $2.46$2.46$2.46+0.07% ——

MEXCSpot · RAYUSDTSpot $2.46$2.46$2.46+0.07% ——

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 MEXC perp at $2.45 and the highest bid on Gate spot at $2.46.

The widest RAY perpetual spread is between MEXC and Variational: long RAY on MEXC at $2.45 and short on Variational at $2.46 for +0.25% gross, or +0.09% 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 +0.414% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best RAY route is to buy spot on Bitget and short the perpetual on Variational: +0.07% gross, -0.13% net, with -0.172% a day of funding on the short leg.

Spot–spot RAY arbitrage (buy on Bitget, withdraw, deposit and sell on Gate) shows +0.11% 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.

Is there a RAY arbitrage opportunity right now?

The best RAY route right now is to buy on MEXC → sell on Variational (Perp–Perp): +0.25% gross and +0.09% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest RAY?

MEXC (perp) has the lowest RAY ask at $2.45, and Gate (spot) the highest bid at $2.46. 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 (MEXC now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

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