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Raydium (RAY) Perpetual Futures

Raydium (RAY) Perpetual Futures — Live Data

Market Overview

Raydium is a leading AMM and liquidity provider on Solana, powering much of the chain's spot trading volume and token launches. RAY perpetual futures are available on centralized exchanges and offer leveraged exposure to Solana DeFi infrastructure. RAY perps tend to rally when Solana DEX volumes surge, particularly during memecoin launches that route through Raydium pools.

RAY Perps Data — DeFi Category

This page presents perpetual futures analytics for DeFi protocol tokens, covering trading volume, open interest, funding rates, and liquidation data across major exchanges. DeFi perp data is particularly valuable when cross-referenced with on-chain TVL metrics — tokens with rising open interest but declining TVL often face mean-reversion pressure. Funding rate divergences between DeFi governance tokens can signal which protocols are attracting speculative positioning ahead of governance votes or fee-switch proposals. Volume spikes in DeFi perps frequently coincide with yield farming rotations and liquidity mining events.

Trading Tips for Raydium Perps

RAY is a direct play on Solana DEX trading activity. When new memecoin launches drive Raydium pool volume to record levels, RAY perps tend to follow with a slight delay. Track Raydium's daily fee revenue as a real-time fundamental signal.

Where to Trade Raydium (RAY) Perpetual Futures

Raydium (RAY) perpetual futures are available on 8 exchanges. Compare fees, leverage, and features below to find the best platform for trading RAY perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
50x
Rating
9.2/5
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
100x
Rating
9.0/5
Maker Fee
Free
Taker Fee
0.060%
Max Leverage
100x
Rating
8.3/5
Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Maker Fee
0.080%
Taker Fee
0.080%
Max Leverage
1000x
Rating
8.0/5
Maker Fee
-0.003%
Taker Fee
0.035%
Max Leverage
20x
Rating
8.0/5
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5
Orderly Network logo
Orderly Network
NEAR, Arbitrum, Optimism, Base, Polygon, Ethereum, Mantle, Avalanche, Solana, SEI
Maker Fee
Free
Taker Fee
0.030%
Max Leverage
50x
Rating
7.8/5
Maker Fee
0.020%
Taker Fee
0.100%
Max Leverage
20x
Rating
7.0/5

Frequently Asked Questions — Raydium (RAY)

What is the current RAY perpetual futures funding rate?
The live Raydium (RAY) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing RAY perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest RAY perp trading fees?
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 RAY perpetual futures trade across all major exchanges. Compare fees for RAY perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does Raydium open interest compare across exchanges?
Raydium (RAY) open interest is broken down by exchange in the chart above, showing the total value of outstanding RAY derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the RAY long/short ratio indicate?
The Raydium long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade RAY perpetual futures?
Raydium (RAY) perps are currently listed on 8 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

Category: DeFi · Data updates every 2 minutes · All rates shown are annualized