Funding arb · Price arb /

CAKE

all CAKE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Aster−0.131%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days−0.026%−$3 · spread now −0.131%, 7d avg −0.065%

Together, before fees−0.044%+ Points / potential airdropAster: Stage 5 · farm board−$4 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: MEXC is 0.066% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CAKEUSDT	2.4923	0.0100	pay 0.0050% / 4h	2h 40m	$2.3M	$76K	10x
Short	MEXC CAKE_USDT	2.4890	0.0100	get 0.0050% / 4h	2h 40m	$13.2M	$2.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → −0.065%: −$6.61
Slippage, 4 orders: −$47.39
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$66
Costs to cover: 0.594%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; MEXC: 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 MEXC live order book, 3 min ago	1.00 bp	4.5 bp −$5	38.5 bp −$385	98.8 bp −$9,882	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	2.4867	−0.223%	$5.1M	$3.5M	50x	as long as short
ApeX Omni CAKEUSDT	−0.0237%	1h	2.4953	+0.122%	$11K	$677K	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0035%	4h	2.4904	−0.075%	$7K	$14K	10x	as long as short
Variational Omni CAKE	0.0000%	4h	2.4881	−0.167%	$510K	$460K	—	as long as short
KuCoin CAKEUSDTM	+0.0018%	4h	2.4879	−0.175%	$2.4M	$5.3M	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.076%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.4898	−0.099%	$3.1M	$2.1M	3x	as long as short
Aster CAKEUSDTlong	+0.0100%	4h	2.4923	long leg	$2.3M	$76K	10x
Binance CAKEUSDT	+0.0100%	4h	2.4883	−0.158%	$17.6M	$30.7M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4899	−0.095%	$864K	$607K	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CAKE_USDTshort	+0.0100%	4h	2.4890	−0.131%	$13.2M	$2.8M	125x
Bitget CAKEUSDT	+0.0100%	4h	2.4926	+0.013%	$2.5M	$2.3M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4887	−0.143%	—	$3.8M	—	as long as short
BloFin CAKE-USDT	+0.0123%	4h	2.4903	−0.079%	$988K	$315K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0415% / S −0.0269%	1h	2.4926	+0.012%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0703%	1h	2.4963	+0.163%	$52K	$37K	10x	as long as short