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: Bybit against Binance−0.036%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 7 days+0.026%+$3 · spread now −0.036%, 7d avg −0.021%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CAKEUSDT | 2.5103 | 0.0100 | pay 0.0050% / 4h | 1h 45m | $17.9M | $31.9M | 75x |
| Short | Bybit CAKEUSDT | 2.5094 | 0.0100 | get 0.0050% / 4h | 1h 45m | $5.2M | $3.6M | 50x |
Binance CAKEUSDT
Bybit CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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: −0.036% → −0.021%
- −$1.49
- Slippage, 4 orders
- −$40.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$62.85
- Costs to cover
- 0.614%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 2 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, 11 min ago | 0.20 bp | 11.2 bp −$11 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.00 bp | 19.8 bp −$20 | 66.4 bp −$664 | 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 | +0.0014% | 4h | 2.5108 | +0.020% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.342% | $113 | $52K | 5.5x | as long as short |
| ApeX Omni CAKEUSDT | +0.0073% | 1h | 2.5101 | −0.008% | $11K | $683K | 50x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5131 | +0.112% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5117 | +0.058% | $2.4M | $72K | 10x | as long as short |
| Binance CAKEUSDTlong | +0.0100% | 4h | 2.5103 | long leg | $17.9M | $31.9M | 75x | |
| Bybit CAKEUSDTshort | +0.0100% | 4h | 2.5094 | −0.036% | $5.2M | $3.6M | 50x | |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5065 | −0.151% | $873K | $648K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5105 | +0.008% | $13.7M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5107 | +0.016% | $2.4M | $5.5M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
ApeX Omni CAKEUSDT
Hyperliquid CAKE
Aster CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5121 | +0.072% | $2.6M | $2.4M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5096 | −0.028% | — | $3.7M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5051 | −0.209% | $532K | $458K | — | as long as short |
| BloFin CAKE-USDT | +0.0141% | 4h | 2.5086 | −0.068% | $994K | $382K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5116 | +0.053% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.1555% | 1h | 2.5122 | +0.075% | $54K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD