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: Bybit against BingX−0.020%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$590.586% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.020%, 7d avg −0.008%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CAKE-USDT | 2.5523 | 0.0100 | pay 0.0050% / 4h | 1h 02m | — | $3.6M | — |
| Short | Bybit CAKEUSDT | 2.5518 | 0.0100 | get 0.0050% / 4h | 1h 02m | $5.3M | $4.0M | 50x |
BingX CAKE-USDT
Bybit CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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: −0.020% → −0.008%
- −$1.16
- Slippage, 4 orders
- −$37.63
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$59.79
- Costs to cover
- 0.586%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Bybit: 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 BingX live order book, 12 min ago | 1.97 bp | 8.9 bp −$9 | 11.4 bp −$114 | 26.7 bp −$2,668 | 49.3 bp −$24.7K |
| Sell Bybit live order book, 1 min ago | 3.92 bp | 19.7 bp −$20 | 69.5 bp −$695 | 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 | +0.0023% | 4h | 2.5517 | −0.024% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.325% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5558 | +0.137% | $3.2M | $2.8M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5537 | +0.056% | $2.4M | $87K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5522 | −0.004% | $18.3M | $36.6M | 75x | as long as short |
| Bybit CAKEUSDTshort | +0.0100% | 4h | 2.5518 | −0.020% | $5.3M | $4.0M | 50x | |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5507 | −0.063% | $893K | $768K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5519 | −0.016% | $14.1M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5529 | +0.024% | $2.5M | $5.7M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5540 | +0.067% | $2.7M | $2.8M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAKE-USDTlong | +0.0100% | 4h | 2.5523 | long leg | — | $3.6M | — | |
| Variational Omni CAKE | +0.0100% | 4h | 2.5447 | −0.299% | $534K | $492K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5461 | −0.243% | $13K | $701K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0135% | 4h | 2.5520 | −0.012% | $995K | $363K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5536 | +0.051% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0774% | 1h | 2.5549 | +0.102% | $57K | $37K | 10x | as long as short |
Variational Omni CAKE
ApeX Omni CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD