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AfterFees

Borrow rates · RAY

Borrow RAY: rates on every exchange

Annualised margin borrow rates for RAY at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-10-29 20:42 UTC

RAY borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bitget19.60%22.70%18.97%22.70%$478.8K$65.4KBorrowable
OKX29.60%28.64%28.32%29.60%$39.7Knot publishedBorrowable
Binance48.25%47.32%47.32%48.25%$7.9Knot publishedBorrowable
Gate67.49%70.41%71.05%70.41% *$30Knot publishedBorrowable

Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred).

Reverse carry on RAY: borrow and sell spot, long the perp

No reverse RAY carry nets a profit at this size right now.

At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.

RAY perps, most negative funding first

ExchangeContractRateEveryAnnualised
KuCoinRAYUSDTM-0.0658%4 h−144.1%
KrakenPF_RAYUSD-0.0104%1 h−91.0%
BloFinRAY-USDT-0.0823%8 h−90.1%
OKXRAY-USDT-SWAP-0.0823%8 h−90.1%
GateRAY_USDT-0.0395%4 h−86.5%
BitgetRAYUSDT-0.0317%4 h−69.4%
MEXCRAY_USDT-0.0314%4 h−68.8%
BingXRAY-USDT-0.0244%4 h−53.4%

Coins

Funding rates and every arbitrage on this coinRAY

Questions

Where is it cheapest to borrow RAY?

Bitget, at 22.70% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend RAY.

Can I earn negative funding on RAY by borrowing it?

Not right now: no reverse RAY carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.