Funding arb · Price arb /

CAKE

all CAKE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Aster−0.106%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.106%, 7d avg −0.081%

Together, before fees−0.162%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.025% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CAKEUSDT	2.5576	0.0100	pay 0.0050% / 4h	37m 05s	$2.4M	$80K	10x
Short	BingX CAKE-USDT	2.5549	0.0100	get 0.0050% / 4h	37m 05s	—	$3.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BingXbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → −0.081%: −$2.46
Slippage, 4 orders: −$53.84
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.3
Costs to cover: 0.718%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; BingX: live order book, 13 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 Aster live order book, 1 min ago	4.70 bp	34.3 bp −$34	1662.4 bp −$16.6K	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	3.32 bp	9.0 bp −$9	12.0 bp −$120	21.0 bp −$2,095	41.8 bp −$20.9K

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 CAKEUSDT	−0.0016%	1h	2.5559	−0.066%	$13K	$698K	50x	as long as short
Orderly PERP_CAKE_USDC	+0.0026%	4h	2.5551	−0.098%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.532%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0081%	4h	2.5544	−0.125%	$1.0M	$364K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5588	+0.047%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDTlong	+0.0100%	4h	2.5576	long leg	$2.4M	$80K	10x
Binance CAKEUSDT	+0.0100%	4h	2.5544	−0.125%	$18.3M	$36.2M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5536	−0.156%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5544	−0.125%	$892K	$753K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5539	−0.145%	$14.2M	$2.8M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.5565	−0.043%	$2.5M	$5.6M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5558	−0.070%	$2.7M	$2.7M	75x	as long as short
BingX CAKE-USDTshort	+0.0100%	4h	2.5549	−0.106%	—	$3.6M	—
Variational Omni CAKE	+0.0100%	4h	2.5557	−0.075%	$537K	$480K	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5568	−0.033%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0750%	1h	2.5608	+0.127%	$55K	$39K	10x	as long as short