Gate RAY perpetual
RAY_USDT
As of 2026-10-15 04:54 UTC, RAY_USDT on Gate has a collected rate of -0.0058% over 4h, or -12.70% simple annualised; its collected settlement interval is 4h, with up to 25x leverage.
Settled rates over the past 30 days
Settled funding for RAY_USDT
The latest 30-day window contains 172 settlements covering 688 known-period hours, with a cumulative rate of +0.1968%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-10-13 20:00 | -0.0147% | 4h |
| 2026-10-13 16:00 | -0.0143% | 4h |
| 2026-10-13 12:00 | -0.0252% | 4h |
| 2026-10-13 08:00 | -0.0439% | 4h |
| 2026-10-13 04:00 | -0.0497% | 4h |
| 2026-10-13 00:00 | -0.0254% | 4h |
| 2026-10-12 20:00 | -0.0264% | 4h |
| 2026-10-12 16:00 | -0.0085% | 4h |
| 2026-10-12 12:00 | +0.0027% | 4h |
| 2026-10-12 08:00 | -0.0002% | 4h |
| 2026-10-12 04:00 | +0.0050% | 4h |
| 2026-10-12 00:00 | +0.0043% | 4h |
The cumulative rate sums actual settlements with known periods. Positive totals mean net payment by longs and receipt by shorts; negative totals reverse the direction. If notional value changed, multiplying the current position by this total will not reproduce account cash flows. Historical rates do not predict returns.
What does this rate mean for a 10,000 USDT position?
For RAY_USDT, 10,000 USDT of notional × -0.005800% gives 0.5800 USDT over the quoted 4h rate period: longs receive and shorts pay. This is a constant-rate illustration, not a settled bill or a forecast. Use the actual settlement rate and notional at each settlement; leverage is not multiplied again. Trading fees are separate.
How do I select the margin tier for RAY_USDT?
This table selects tiers by position notional in USDT, not by the amount of margin deposited. The first tier starts at 0 and ends at 10000 USDT. Above that, tier 2 requires 2.5000% maintenance margin.
Contract units and calculator input
One RAY_USDT contract represents 0.1 RAY. Order lot size is expressed in the venue’s original unit. The liquidation calculator expects base-asset quantity; do not enter a contract count without converting units.
Further readingHow liquidation price is calculated: tiered maintenance margin and deductionsHow funding fees work: amounts, signs and settlement
Maintenance margin ladder
With deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 10000 quote | 2.0000% | 25.00x | — |
| 2 | 10000 – 20000 quote | 2.5000% | 20.00x | 50 |
| 3 | 20000 – 30000 quote | 3.5000% | 18.00x | 250 |
| 4 | 30000 – 50000 quote | 4.5000% | 16.00x | 550 |
| 5 | 50000 – 70000 quote | 6.0000% | 12.00x | 1300 |
| 6 | 70000 – 100000 quote | 8.0000% | 10.00x | 2700 |
| 7 | 100000 – 200000 quote | 10.0000% | 8.00x | 4700 |
| 8 | 200000 – 300000 quote | 15.0000% | 5.00x | 14700 |
| 9 | 300000 – 500000 quote | 20.0000% | 4.00x | 29700 |
| 10 | 500000 – 700000 quote | 28.0000% | 3.00x | 69700 |
| 11 | 700000 – 1000000 quote | 45.0000% | 2.00x | 188700 |
| 12 | 1000000 – 1500000 quote | 60.0000% | 1.50x | 338700 |
| 13 | 1500000 – 2000000 quote | 78.0000% | 1.20x | 608700 |
| 14 | 2000000 – ∞ quote | 90.0000% | 1.05x | 848700 |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 4h (00:00 · 04:00 · 08:00 · 12:00 · 16:00 · 20:00 UTC). Lot size uses the venue’s original order unit; the calculator takes base-asset quantity. Settlement intervals and times on every venue.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Gate this page | RAY_USDT | 4h | -12.70% |
| Lighter | RAY | 8h | 0.00% |
| Bitget | RAYUSDT | 4h | +10.95% |
| OKX | RAY-USDT-SWAP | 8h | +10.95% |
Common questions
What is the Gate RAY funding rate?
The latest collected Gate RAY funding rate is -0.0058% per 4h rate period, or -12.70% simple annualised. At this rate shorts pay longs.
How often is funding charged on Gate RAY?
The collected settlement interval is 4h, normally 6 times a day. Settlements fall at 00:00, 04:00, 08:00, 12:00, 16:00 and 20:00 UTC, the same times in UTC+8. Venues can change it again; confirm the next settlement time on the venue's contract page.
What is the maximum leverage on Gate RAY?
The collected leverage cap for Gate RAY is 25x, with 14 margin tiers shown. The first margin tier, up to 10K USDT, allows 25x; the second allows 20x.
What is the maintenance margin rate on Gate RAY?
The first tier requires 2.0000%, with 14 available tiers. The applicable requirement depends on the position’s tier. This venue applies a deduction: maintenance margin = notional × tier rate − the tier's maintenance amount.
What has Gate RAY funding paid over the past 30 days?
Settlements over the past 30 days annualise to +2.51% across 172 settlements, 20% of which were negative (shorts paying). That is what already happened, not a forecast.
Observation time and verification
This contract’s funding was observed at 2026-10-15 04:54 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. Gate official data source · Funding methodology
History coverage for this contract
172 settlements are available, covering 688 known-period hours, from 2026-09-15 08:00 to 2026-10-13 20:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.