Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance+0.005%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 7 days0.000%$0 · spread now +0.005%, 7d avg +0.002%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CAKEUSDT | 2.5477 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $18.3M | $38.9M | 75x |
| Short | MEXC CAKE_USDT | 2.5478 | 0.0100 | get 0.0050% / 4h | 2h 37m | $14.3M | $2.9M | 125x |
Binance CAKEUSDT
MEXC CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.005% → +0.002%
- $0.37
- Slippage, 4 orders
- −$17.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$31.22
- Costs to cover
- 0.316%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; MEXC: 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, 5 min ago | 0.20 bp | 10.6 bp −$11 | 27.8 bp −$278 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.39 bp | 4.7 bp −$5 | 30.8 bp −$308 | 79.1 bp −$7,907 | 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 | +0.0008% | 4h | 2.5474 | −0.010% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.144% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0100% | 4h | 2.5482 | +0.021% | $994K | $354K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5512 | +0.139% | $3.1M | $3.3M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5484 | +0.028% | $2.4M | $99K | 10x | as long as short |
| Binance CAKEUSDTlong | +0.0100% | 4h | 2.5477 | long leg | $18.3M | $38.9M | 75x | |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5463 | −0.054% | $5.3M | $4.1M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5452 | −0.097% | $887K | $858K | 75x | as long as short |
| MEXC CAKE_USDTshort | +0.0100% | 4h | 2.5478 | +0.005% | $14.3M | $2.9M | 125x | |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5470 | −0.026% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Bybit CAKEUSDT
Gate 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 | 2.5480 | +0.013% | $2.7M | $2.8M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5471 | −0.022% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5450 | −0.104% | $544K | $497K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5455 | −0.085% | $13K | $695K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5480 | +0.013% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0497% | 1h | 2.5488 | +0.043% | $57K | $38K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD