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Raydium (RAY) perpetual futures

RAY perpetual contracts on 6 reviewed venues.

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Price$2.05from OKX
Total open interest$10.9msummed over 11 venues
Funding spread (annualized)158.65%BloFin vs Kraken
Exchanges11venues with a funding rate

Funding rates

Annualized rates across exchanges

BloFinCEX
+24.09%
OKXCEX
+10.95%
BitgetCEX
+10.95%
Gate.ioCEX
+10.95%
BingXCEX
+10.95%
KuCoinCEX
+10.95%
HTXCEX
+10.95%
OrderlyDEX
+10.95%

Open interest

Per-exchange open interest

OKXOKX
$5.0m
BitgetBitget
$2.7m
KuCoinKuCoin
$1.6m
Gate.ioGate.io
$507.6k
OrderlyOrderly
$447.8k
BloFin
$301.6k
Lighter
$192.2k
Kraken
$146.7k

What the RAY data shows

7 of 11 venues quote the same RAY funding rate, +10.95% a year. The exceptions are BloFin at +24.09%, Lighter at +10.51%, MEXC at +5.48%, and 1 more.

No venue holds half of the $10.9m in reported RAY open interest. OKX has the largest share, 45.4%, and Bitget is next with 25.0%.

The RAY settlement periods differ: 6 venues settle every 4 hours; 3 venues settle every 8 hours; Lighter and Kraken settle every hour.

Lighter quoted RAY at $2.06 and HTX at $2.05, a gap of 21.4 bps.

  • Source: public APIs of 11 venues for RAY, read at October 3, 2026, 10:48 UTC.

Where to Trade Raydium (RAY) Perpetual Futures

Fees and leverage limits apply venue-wide; confirm RAY limits with the venue.

VenueMakerTakerMax leverageRatingTrade
0.015%0.045%40x9.2RAY
0.010%0.050%50x9.0RAY
0.06% position fee250x8.3RAY
0.035% position fee1000x8.0RAY
0.010%0.020%100x7.8RAY
Free0.030%50x7.8RAY

Raydium (RAY) 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.

Frequently Asked Questions — Raydium (RAY)

What funding data is available for RAY?

11 venues report a RAY funding rate in this read.

An annualized RAY rate extrapolates one reading and does not predict a return.

What open interest data is available for RAY?

8 venues report positive RAY open interest in this read.

The RAY total leaves out venues outside the read.

Which mapped venue has the lowest recorded RAY taker fee?

SynFutures lists 0.020% and Orderly Network lists 0.030%, the two lowest of 4 mapped RAY maker/taker schedules.

2 RAY venues charge a position fee and are not compared.

Category: DeFi