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: Bybit against Aster−0.128%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1221.222% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 7 days+0.105%+$10 · spread now −0.128%, 7d avg −0.085%
=Together, before fees−0.105%+ Points / potential airdropAster: Stage 5 · farm board−$11 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: Bybit is 0.043% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster CAKEUSDT | 2.5578 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $2.4M | $90K | 10x |
| Short | Bybit CAKEUSDT | 2.5545 | 0.0100 | get 0.0050% / 4h | 2h 18m | $5.3M | $4.1M | 50x |
Aster CAKEUSDT
Bybit CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- Price spread: −0.128% → −0.085%
- −$4.34
- Slippage, 4 orders
- −$103.15
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$126.5
- Costs to cover
- 1.222%
- Break-even
- never at this rate
Slippage from Aster: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago | 3.90 bp | 27.6 bp −$28 | 1710.6 bp −$17.1K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.95 bp | 35.3 bp −$35 | 53.4 bp −$534 | 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 | +0.0013% | 4h | 2.5562 | −0.062% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.539% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5588 | +0.040% | $3.2M | $3.3M | 3x | as long as short |
| Aster CAKEUSDTlong | +0.0100% | 4h | 2.5578 | long leg | $2.4M | $90K | 10x | |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5569 | −0.034% | $18.4M | $38.8M | 75x | as long as short |
| Bybit CAKEUSDTshort | +0.0100% | 4h | 2.5545 | −0.128% | $5.3M | $4.1M | 50x | |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5563 | −0.058% | $892K | $861K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5559 | −0.073% | $14.2M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5566 | −0.046% | $2.5M | $5.7M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5570 | −0.030% | $2.7M | $2.8M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Binance 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 | 2.5555 | −0.089% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5594 | +0.062% | $547K | $497K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5595 | +0.067% | $13K | $696K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0105% | 4h | 2.5569 | −0.034% | $997K | $357K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5569 | −0.034% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0495% | 1h | 2.5610 | +0.127% | $57K | $38K | 10x | as long as short |
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD