Funding you earn now, next payment 08:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.44 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Aster−0.079%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1291.290% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 7 days−0.103%−$10 · spread now −0.079%, 7d avg −0.036%
=Together, before fees−0.174%+ Points / potential airdropAster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.043% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster CAKEUSDT | 2.4873 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $2.3M | $77K | 10x |
| Short | KuCoin CAKEUSDTM | 2.4853 | 0.0012 | get 0.0006% / 4h | 2h 39m | $2.4M | $5.3M | 50x |
Aster CAKEUSDT
KuCoin CAKEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$18.48
- Price spread: −0.079% → −0.036%
- −$4.27
- Slippage, 4 orders
- −$108.98
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$151.73
- Costs to cover
- 1.290%
- Break-even
- never at this rate
Slippage from Aster: live order book, 3 min ago; KuCoin: 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 Aster live order book, 3 min ago | 3.00 bp | 28.3 bp −$28 | 1359.6 bp −$13.6K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.61 bp | 27.9 bp −$28 | 100.8 bp −$1,008 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | −0.0489% | 4h | 2.4833 | −0.160% | $5.1M | $3.5M | 50x | as long as short |
| ApeX Omni CAKEUSDT | −0.0237% | 1h | 2.4953 | +0.323% | $11K | $677K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0037% | 4h | 2.4883 | +0.041% | $7K | $14K | 10x | as long as short |
| Variational Omni CAKE | 0.0000% | 4h | 2.4881 | +0.034% | $510K | $460K | — | as long as short |
| KuCoin CAKEUSDTMshort | +0.0012% | 4h | 2.4853 | −0.079% | $2.4M | $5.3M | 50x | |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +2.281% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4875 | +0.009% | $3.1M | $2.1M | 3x | as long as short |
| Aster CAKEUSDTlong | +0.0100% | 4h | 2.4873 | long leg | $2.3M | $77K | 10x | |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4854 | −0.075% | $17.5M | $30.7M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4844 | −0.115% | $862K | $607K | 75x | as long as short |
Bybit CAKEUSDT
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
Variational Omni CAKE
Injective CAKE/USDC PERP
Hyperliquid CAKE
Binance CAKEUSDT
Gate CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4877 | +0.017% | $13.2M | $2.8M | 125x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4865 | −0.031% | $2.5M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4853 | −0.079% | — | $3.8M | — | as long as short |
| BloFin CAKE-USDT | +0.0123% | 4h | 2.4903 | +0.122% | $988K | $315K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.4898 | +0.101% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0703% | 1h | 2.4960 | +0.352% | $52K | $37K | 10x | as long as short |
MEXC CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD