Funding you earn now, next payment 02:00 UTC+0.0250%/8h= +27.3% APRpaid last 24h +0.013%
Price spread now: MEXC against ApeX Omni−0.067%51s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.067%, 7d avg −0.037%
=Funding pays, the price is against you. MEXC is 0.030% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.037%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.150% in total) that is about 33 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni CAKEUSDT | 2.5283 | −0.0150 | get 0.0019% / 1h | 50m 47s | $11K | $698K | 50x |
| Short | MEXC CAKE_USDT | 2.5266 | 0.0100 | get 0.0050% / 4h | 2h 50m | $13.8M | $2.8M | 125x |
ApeX Omni CAKEUSDT
MEXC CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $52.4
- Price spread: −0.067% → −0.037%
- −$2.98
- Slippage, 4 orders
- −$24.63
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $10.78
- Costs to cover
- 0.386%
- Break-even
- 5.6 days
Slippage from ApeX Omni: live order book, 18 min ago; MEXC: live order book, 3 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, 18 min ago | 5.90 bp | 13.5 bp −$13 | 102.4 bp −$1,024 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.79 bp | 6.3 bp −$6 | 35.9 bp −$359 | 71.1 bp −$7,112 | 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 | −0.0150% | 1h | 2.5283 | long leg | $11K | $698K | 50x | |
| Orderly PERP_CAKE_USDC | +0.0023% | 4h | 2.5255 | −0.111% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.621% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0077% | 4h | 2.5260 | −0.091% | $993K | $360K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5309 | +0.103% | $3.2M | $2.6M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5290 | +0.028% | $2.4M | $75K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5273 | −0.040% | $18.1M | $34.6M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5260 | −0.091% | $5.3M | $3.8M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5262 | −0.083% | $885K | $662K | 75x | as long as short |
| MEXC CAKE_USDTshort | +0.0100% | 4h | 2.5266 | −0.067% | $13.8M | $2.8M | 125x |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5267 | −0.063% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5273 | −0.040% | $2.6M | $2.5M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5265 | −0.071% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5246 | −0.146% | $537K | $459K | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5269 | −0.056% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0826% | 1h | 2.5364 | +0.319% | $55K | $37K | 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