Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Aster−0.143%82s7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as 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−$770.770% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 3 days (all we have)−0.323%−$32 · spread now −0.143%, 7d avg −0.091%
=Together, before fees−0.209%+ Points / potential airdropAster: Stage 5 · farm board−$21 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: BloFin is 0.052% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.091%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster CAKEUSDT | 2.5466 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $2.4M | $89K | 10x |
| Short | BloFin CAKE-USDT | 2.5430 | 0.0104 | get 0.0052% / 4h | 1h 55m | $995K | $355K | 75x |
Aster CAKEUSDT
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Aster. 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
- $0.9
- Price spread: −0.143% → −0.091%
- −$5.23
- Slippage, 4 orders
- −$57.04
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$81.36
- Costs to cover
- 0.770%
- Break-even
- 636.7 days
Slippage from Aster: live order book, 3 min ago; BloFin: live order book, 26 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, 3 min ago | 5.11 bp | 33.1 bp −$33 | 1264.0 bp −$12.6K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 0.19 bp | 14.5 bp −$15 | 24.2 bp −$242 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDC | +0.0015% | 4h | 2.5454 | −0.049% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.104% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5495 | +0.114% | $3.2M | $3.3M | 3x | as long as short |
| Aster CAKEUSDTlong | +0.0100% | 4h | 2.5466 | long leg | $2.4M | $89K | 10x | |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5461 | −0.021% | $18.3M | $38.6M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5450 | −0.064% | $5.3M | $4.1M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5454 | −0.049% | $888K | $761K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5464 | −0.009% | $14.2M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5472 | +0.022% | $2.5M | $5.7M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5471 | +0.018% | $2.7M | $2.8M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAKE-USDT | +0.0100% | 4h | 2.5456 | −0.041% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5434 | −0.127% | $542K | $491K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5443 | −0.092% | $13K | $697K | 50x | as long as short |
| BloFin CAKE-USDTshort | +0.0104% | 4h | 2.5430 | −0.143% | $995K | $355K | 75x | |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5461 | −0.022% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0773% | 1h | 2.5582 | +0.455% | $57K | $37K | 10x | as long as short |
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD