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: MEXC against BingX+0.004%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 7 days+0.005%+$1 · spread now +0.004%, 7d avg +0.014%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CAKE-USDT | 2.5156 | 0.0100 | pay 0.0050% / 4h | 2h 07m | — | $3.6M | — |
| Short | MEXC CAKE_USDT | 2.5157 | 0.0100 | get 0.0050% / 4h | 2h 07m | $13.7M | $2.9M | 125x |
BingX CAKE-USDT
MEXC CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.004% → +0.014%
- −$1.01
- Slippage, 4 orders
- −$15.16
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$30.17
- Costs to cover
- 0.292%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 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 BingX live order book, 12 min ago | 1.99 bp | 7.6 bp −$8 | 10.3 bp −$103 | 24.5 bp −$2,451 | 49.2 bp −$24.6K |
| Sell MEXC live order book, 1 min ago | 1.59 bp | 6.4 bp −$6 | 34.2 bp −$342 | 113.5 bp −$11.3K | doesn't fit |
CAKE on 15 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 | +0.0013% | 4h | 2.5154 | −0.008% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.129% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5183 | +0.107% | $3.1M | $2.6M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5167 | +0.044% | $2.4M | $76K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5164 | +0.032% | $17.9M | $33.7M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5150 | −0.024% | $5.3M | $3.7M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5138 | −0.072% | $877K | $673K | 75x | as long as short |
| MEXC CAKE_USDTshort | +0.0100% | 4h | 2.5157 | +0.004% | $13.7M | $2.9M | 125x | |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5160 | +0.016% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5163 | +0.028% | $2.6M | $2.5M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAKE-USDTlong | +0.0100% | 4h | 2.5156 | long leg | — | $3.6M | — | |
| Variational Omni CAKE | +0.0100% | 4h | 2.5131 | −0.101% | $533K | $460K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5152 | −0.016% | $11K | $683K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0417% / S −0.0269% | 1h | 2.5166 | +0.041% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0832% | 1h | 2.5177 | +0.084% | $54K | $37K | 10x | as long as short |
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD