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Raydium (RAY) Perpetual Futures

Raydium (RAY) Perpetual Futures — Live Data

Trade RAYon 6 exchangesHyperliquid logoOpen on Hyperliquid

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.

Raydium is Solana's incumbent AMM, and RAY accrues value through protocol revenue mechanisms tied to trading activity. The perp is best understood as leveraged Solana-DEX-volume exposure: when on-chain activity surges, RAY historically moves harder than SOL itself.

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 6 exchanges. The venue cards compare fees, leverage, and features for trading RAY perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
40x
Rating
9.2/10
Trade RAYReview
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
50x
Rating
9.0/10
Trade RAYReview
Jupiter Perps logo
Position Fee
0.06% when opening and again when closing; base position fee; price impact, borrowing, swap, and network costs are separate
Max Leverage
250x
Rating
8.3/10
Trade RAYReview
Gains Network logo
Gains Network
Arbitrum, Base, Polygon, ApeChain, MegaETH, Solana
Position Fee
0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads
Max Leverage
1000x
Rating
8.0/10
Trade RAYReview
SynFutures logo
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/10
Trade RAYReview
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
7.8/10
Trade RAYReview

Frequently Asked Questions — Raydium (RAY)

What is the current RAY perpetual futures funding rate?▼
The live Raydium (RAY) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists 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?▼
Among 4 tracked RAY venues with comparable order-book schedules, SynFutures lists the lowest taker fee at 0.020%. Orderly Network lists 0.030%. 2 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does Raydium open interest compare across exchanges?▼
The Raydium (RAY) open-interest chart shows the total value of outstanding RAY derivative contracts on each exchange. 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 listed on 6 exchanges, including Hyperliquid, dYdX, Jupiter Perps, Gains Network, and SynFutures, plus 1 more. The "Where to Trade Raydium (RAY) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.

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

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

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