CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.22 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Binance−0.024%111s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.443% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 3 days (all we have)−0.168%−$17 · spread now −0.024%, 7d avg −0.007%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CAKEUSDT	2.5530	0.0100	pay 0.0050% / 4h	29m 26s	$18.3M	$36.1M	75x
Short	BloFin CAKE-USDT	2.5524	0.0144	get 0.0072% / 4h	29m 26s	$1.0M	$363K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.024%Rate

Funding earned: $9.24
Price spread: −0.024% → −0.007%: −$1.69
Slippage, 4 orders: −$22.27
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$36.71
Costs to cover: 0.443%
Break-even: 34.8 days

Slippage from Binance: live order book, 12 min ago; BloFin: 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 Binance live order book, 12 min ago	0.20 bp	11.8 bp −$12	29.9 bp −$299	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.20 bp	8.4 bp −$8	14.9 bp −$149	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	−0.0029%	1h	2.5546	+0.063%	$13K	$696K	50x	as long as short
Orderly PERP_CAKE_USDC	+0.0026%	4h	2.5533	+0.012%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.353%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5566	+0.141%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5551	+0.081%	$2.4M	$80K	10x	as long as short
Binance CAKEUSDTlong	+0.0100%	4h	2.5530	long leg	$18.3M	$36.1M	75x
Bybit CAKEUSDT	+0.0100%	4h	2.5520	−0.039%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5522	−0.031%	$891K	$753K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5534	+0.016%	$14.2M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5544	+0.055%	$2.5M	$5.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	2.5554	+0.094%	$2.7M	$2.6M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5531	+0.004%	—	$3.6M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5522	−0.031%	$536K	$480K	—	as long as short
BloFin CAKE-USDTshort	+0.0144%	4h	2.5524	−0.024%	$1.0M	$363K	75x
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5548	+0.069%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0751%	1h	2.5565	+0.136%	$55K	$39K	10x	as long as short