# RAY Funding Rate on Kraken

As of 2026-10-05 12:58 UTC, the RAY perpetual on Kraken pays -0.0053% per 1h, -0.0425% per 8 hours (-46.50% APR), so shorts pay longs. That is the 13th highest of 15 exchanges shown, against a volume-weighted average of -0.0172% per 8 hours (-18.88% APR). Over the last 7 days Kraken averaged -0.0720% per 8 hours (-78.88% APR).

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [WOOFi Pro](https://arbtide.com/funding-rates/ray/woofipro) | [RAY/USDC:USDC](https://pro.woofi.com/en/trade/RAY_PERP) | 0.0131% | 4h | 28.68% | 2026-10-05 16:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/ray/bitget) | [RAY/USDT:USDT](https://www.bitget.com/futures/usdt/RAYUSDT) | 0.0050% | 4h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/ray/gate) | [RAY/USDT:USDT](https://www.gate.com/futures/USDT/RAY_USDT) | 0.0050% | 4h | 10.95% | 2026-10-05 16:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/ray/kucoin) | [RAY/USDT:USDT](https://www.kucoin.com/trade/futures/RAYUSDTM) | 0.0050% | 4h | 10.95% | 2026-10-05 16:00 UTC |
| [BingX](https://arbtide.com/funding-rates/ray/bingx) | [RAY/USDT:USDT](https://bingx.com/en/perpetual/RAY-USDT) | 0.0050% | 4h | 10.95% | — |
| [HTX](https://arbtide.com/funding-rates/ray/htx) | [RAY/USDT:USDT](https://www.htx.com/futures/linear_swap/exchange#contract_code=RAY-USDT&contract_type=swap&type=cross) | 0.0050% | 4h | 10.95% | 2026-10-05 16:00 UTC |
| [LBank](https://arbtide.com/funding-rates/ray/lbank) | [RAY/USDT:USDT](https://www.lbank.com/futures/rayusdt) | 0.0050% | 4h | 10.95% | 2026-10-05 16:00 UTC |
| [Lighter](https://arbtide.com/funding-rates/ray/lighter) | [RAY/USDC:USDC](https://app.lighter.xyz/trade/RAY) | 0.0096% | 8h | 10.51% | — |
| [XT.COM](https://arbtide.com/funding-rates/ray/xt) | [RAY/USDT:USDT](https://www.xt.com/en/futures/trade/ray_usdt) | 0.0036% | 8h | 3.94% | 2026-10-05 16:00 UTC |
| [OKX](https://arbtide.com/funding-rates/ray/okx) | [RAY/USDT:USDT](https://www.okx.com/trade-swap/ray-usdt-swap) | -0.0046% | 8h | -5.07% | 2026-10-05 16:00 UTC |
| [Toobit](https://arbtide.com/funding-rates/ray/toobit) | [RAY/USDT:USDT](https://www.toobit.com/en-US/futures/RAY-SWAP-USDT) | -0.0047% | 8h | -5.19% | 2026-10-05 16:00 UTC |
| [Crypto.com](https://arbtide.com/funding-rates/ray/cryptocom) | [RAY/USD:USD](https://crypto.com/exchange/trade/RAYUSD-PERP) | -0.0028% | 1h | -24.64% | 2026-10-05 13:00 UTC |
| [Kraken](https://arbtide.com/funding-rates/ray/kraken) | [RAY/USD:USD](https://pro.kraken.com/app/trade/futures-ray-usd-perp) | -0.0053% | 1h | -46.50% | — |
| [WEEX](https://arbtide.com/funding-rates/ray/weex) | [RAY/USDT:USDT](https://www.weex.com/futures/RAY-USDT) | -0.0700% | 8h | -76.65% | 2026-10-05 12:57 UTC |
| [MEXC](https://arbtide.com/funding-rates/ray/mexc) | [RAY/USDT:USDT](https://www.mexc.com/futures/RAY_USDT) | -0.1066% | 8h | -116.73% | 2026-10-05 16:00 UTC |

## Frequently asked questions

### What is the RAY funding rate on Kraken?

-0.0053% per 1h, or -0.0425% per 8 hours (-46.50% APR), so shorts pay longs. The 7-day average is -0.0720% per 8 hours (-78.88% APR).

### How often does Kraken pay RAY funding?

Every hour.

### Is RAY funding on Kraken higher than on other exchanges?

Kraken is the 13th highest of 15 exchanges shown. The highest is Bitget at 0.0050% per 4h (10.95% APR) and the lowest is MEXC at -0.1066% per 8h (-116.73% APR).

### How do you arbitrage RAY funding with Kraken?

Long RAY on MEXC and short on Kraken for a gross spread of 0.0641% per 8 hours (70.23% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.