Funding arb · Price arb /

CAKE

all CAKE markets

Swap Backtest

Alert: funding

Alert: spread

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: Bitget against Binance+0.051%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.051%, 7d avg −0.006%

Together, before fees−0.042%−$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: Bitget is 0.057% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CAKEUSDT	2.5260	0.0100	pay 0.0050% / 4h	2h 51m	$18.1M	$34.6M	75x
Short	Bitget CAKEUSDT	2.5273	0.0100	get 0.0050% / 4h	2h 51m	$2.6M	$2.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.006%: $5.74
Slippage, 4 orders: −$36.27
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.53
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 1 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 Binance live order book, 6 min ago	0.20 bp	10.2 bp −$10	33.9 bp −$339	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.37 bp	17.9 bp −$18	33.1 bp −$331	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
ApeX Omni CAKEUSDT	−0.0150%	1h	2.5283	+0.091%	$11K	$698K	50x	as long as short
Orderly PERP_CAKE_USDC	+0.0023%	4h	2.5255	−0.020%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+0.713%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0077%	4h	2.5260	0.000%	$993K	$360K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5288	+0.111%	$3.2M	$2.6M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5287	+0.108%	$2.4M	$75K	10x	as long as short
Binance CAKEUSDTlong	+0.0100%	4h	2.5260	long leg	$18.1M	$34.6M	75x
Bybit CAKEUSDT	+0.0100%	4h	2.5252	−0.032%	$5.3M	$3.8M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5259	−0.004%	$885K	$662K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5260	0.000%	$13.8M	$2.8M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.5264	+0.016%	$2.4M	$5.5M	50x	as long as short
Bitget CAKEUSDTshort	+0.0100%	4h	2.5273	+0.051%	$2.6M	$2.5M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5257	−0.012%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5246	−0.055%	$537K	$459K	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5269	+0.035%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0826%	1h	2.5364	+0.410%	$55K	$37K	10x	as long as short