Live data
Raydium (RAY) perpetual futures
Live funding rates, open interest, and measured trade costs for Raydium. 8 venues in the PerpFinder venue map list RAY perps.
At a glance
This RAY funding snapshot covers 1 venue: dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists RAY.
- Highest annualized funding
- +10.95%dYdX
More
dYdX carries the only RAY annualized funding rate in this snapshot at +10.95%.
dYdX reports no RAY open interest, so there is no executable spread.
The RAY price in this snapshot comes from dYdX at $0.6180.
Generated from live venue feeds at
Open on HyperliquidFunding rates
Annualized rates across exchanges
dYdXDEXOpen interest
Per-exchange open interest
No venue in this snapshot reports open interest
Long/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. RAY is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Raydium (RAY) Perpetual Futures
6 of the 8 venues that list RAY perps have a PerpFinder review page. The table compares fees, leverage, and features for those 6.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | RAY → | |
| 0.010% | 0.050% | 50x | 9.0 | RAY → | |
| 0.06% when opening and again when closing; base position fee; price impact, borrowing, swap, and network costs are separate | 250x | 8.3 | RAY → | ||
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | RAY → | ||
| 0.010% | 0.020% | 100x | 7.8 | RAY → | |
| Free | 0.030% | 50x | 7.8 | 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.
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.
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