Funding you earn now, next payment 00:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.011%
Price spread now: Gate against ApeX Omni−0.067%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$970.974% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.067%, 7d avg −0.049%
=The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni CAKEUSDT | 2.5546 | −0.0034 | get 0.0004% / 1h | 34m 43s | $13K | $698K | 50x |
| Short | Gate CAKE_USDT | 2.5529 | 0.0100 | get 0.0050% / 4h | 34m 43s | $891K | $753K | 75x |
ApeX Omni CAKEUSDT
Gate CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $28.14
- Price spread: −0.067% → −0.049%
- −$1.78
- Slippage, 4 orders
- −$72.38
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$71.02
- Costs to cover
- 0.974%
- Break-even
- 24.7 days
Slippage from ApeX Omni: live order book, 44 min ago; Gate: live order book, 42 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 44 min ago | 6.10 bp | 15.3 bp −$15 | 101.9 bp −$1,019 | doesn't fit | doesn't fit |
| Sell Gate live order book, 42 min ago | 3.15 bp | 36.7 bp −$37 | 83.1 bp −$831 | doesn't fit | doesn't fit |
CAKE on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDTlong | −0.0034% | 1h | 2.5546 | long leg | $13K | $698K | 50x | |
| Orderly PERP_CAKE_USDC | +0.0027% | 4h | 2.5524 | −0.086% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.415% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0046% | 4h | 2.5528 | −0.070% | $1.0M | $364K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5570 | +0.094% | $3.2M | $2.7M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5556 | +0.040% | $2.4M | $80K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5536 | −0.039% | $18.3M | $36.2M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5528 | −0.070% | $5.3M | $3.9M | 50x | as long as short |
| Gate CAKE_USDTshort | +0.0100% | 4h | 2.5529 | −0.067% | $891K | $753K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5540 | −0.023% | $14.2M | $2.8M | 125x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5546 | 0.000% | $2.5M | $5.6M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5554 | +0.031% | $2.7M | $2.7M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5534 | −0.047% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5532 | −0.055% | $536K | $480K | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5548 | +0.007% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0750% | 1h | 2.5606 | +0.233% | $55K | $39K | 10x | as long as short |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD