Funding you earn now, next payment 06:00 UTC−0.0293%/8h= −32.0% APRpaid last 24h −0.016%
Price spread now: ApeX Omni against Bitget+0.092%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$620.624% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.092%, 7d avg +0.012%
=The price spread pays, funding is against you. ApeX Omni is 0.080% dearer against Bitget than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.012%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.108% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.108% in total (about -5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CAKEUSDT | 2.4879 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $2.5M | $2.3M | 75x |
| Short | ApeX Omni CAKEUSDT | 2.4902 | −0.0193 | pay 0.0024% / 1h | 39m 23s | $10K | $678K | 50x |
Bitget CAKEUSDT
ApeX Omni CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bitget. 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
- −$61.44
- Price spread: +0.092% → +0.012%
- $8
- Slippage, 4 orders
- −$40.37
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$115.8
- Costs to cover
- 0.624%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 9 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 Bitget live order book, 3 min ago | 2.41 bp | 16.5 bp −$16 | 40.5 bp −$405 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 9 min ago | 5.40 bp | 14.0 bp −$14 | 107.8 bp −$1,078 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | −0.0511% | 4h | 2.4850 | −0.117% | $5.1M | $3.5M | 50x | as long as short |
| ApeX Omni CAKEUSDTshort | −0.0193% | 1h | 2.4902 | +0.092% | $10K | $678K | 50x | |
| Orderly PERP_CAKE_USDC | −0.0039% | 4h | 2.4873 | −0.024% | $7K | $14K | 10x | as long as short |
| Variational Omni CAKE | 0.0000% | 4h | 2.4881 | +0.009% | $510K | $460K | — | as long as short |
| KuCoin CAKEUSDTM | +0.0012% | 4h | 2.4835 | −0.177% | $2.4M | $5.3M | 50x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +2.255% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4862 | −0.068% | $3.1M | $2.0M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4875 | −0.016% | $2.3M | $77K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4873 | −0.024% | $17.5M | $30.7M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4844 | −0.141% | $862K | $607K | 75x | as long as short |
Bybit CAKEUSDT
Orderly PERP_CAKE_USDC
Variational Omni CAKE
KuCoin CAKEUSDTM
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4860 | −0.076% | $13.1M | $2.8M | 125x | as long as short |
| Bitget CAKEUSDTlong | +0.0100% | 4h | 2.4879 | long leg | $2.5M | $2.3M | 75x | |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4861 | −0.072% | — | $3.8M | — | as long as short |
| BloFin CAKE-USDT | +0.0123% | 4h | 2.4903 | +0.096% | $988K | $315K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.4896 | +0.069% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0704% | 1h | 2.4954 | +0.302% | $52K | $37K | 10x | as long as short |
MEXC CAKE_USDT
BingX CAKE-USDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD