Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Aster−0.040%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1231.225% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.238%−$24 · spread now −0.040%, 7d avg −0.094%
=Together, before fees−0.271%+ Points / potential airdropAster: Stage 5 · farm board−$27 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: Gate is 0.053% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.094%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster CAKEUSDT | 2.5135 | 0.0100 | pay 0.0050% / 4h | 58m 19s | $2.4M | $72K | 10x |
| Short | Gate CAKE_USDT | 2.5125 | 0.0100 | get 0.0050% / 4h | 58m 19s | $875K | $640K | 75x |
Aster CAKEUSDT
Gate CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.040% → −0.094%
- $5.33
- Slippage, 4 orders
- −$99.5
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$117.17
- Costs to cover
- 1.225%
- Break-even
- never at this rate
Slippage from Aster: live order book, 5 min ago; Gate: live order book, 64 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 | 2.59 bp | 32.6 bp −$33 | 1203.3 bp −$12.0K | doesn't fit | doesn't fit |
| Sell Gate live order book, 64 min ago | 2.79 bp | 31.9 bp −$32 | 96.7 bp −$967 | 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 | 2.5112 | −0.092% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.213% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5145 | +0.039% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDTlong | +0.0100% | 4h | 2.5135 | long leg | $2.4M | $72K | 10x | |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5098 | −0.148% | $18.0M | $31.3M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5100 | −0.140% | $5.2M | $3.6M | 50x | as long as short |
| Gate CAKE_USDTshort | +0.0100% | 4h | 2.5125 | −0.040% | $875K | $640K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5123 | −0.048% | $13.7M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5141 | +0.023% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5132 | −0.012% | $2.6M | $2.3M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Binance CAKEUSDT
Bybit CAKEUSDT
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 | 2.5119 | −0.064% | — | $3.7M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5115 | −0.081% | $521K | $469K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5133 | −0.008% | $11K | $680K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0152% | 4h | 2.5131 | −0.016% | $1.0M | $368K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5123 | −0.050% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0746% | 1h | 2.5208 | +0.288% | $54K | $37K | 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