CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Bitget−0.163%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 4 days (all we have)−0.215%−$21 · spread now −0.163%, 7d avg −0.036%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.127% cheaper against Bitget than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of −0.036%). If the spread goes back, that is −$13 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.188% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CAKEUSDT	2.5139	0.0100	pay 0.0050% / 4h	31m 04s	$2.6M	$2.3M	75x
Short	BloFin CAKE-USDT	2.5098	0.0134	get 0.0067% / 4h	31m 04s	$998K	$367K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BloFinbpOrdersPrice spread, now −0.163%Rate

Funding earned: $7.07
Price spread: −0.163% → −0.036%: −$12.75
Slippage, 4 orders: −$43.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$73.57
Costs to cover: 0.679%
Break-even: 79.8 days

Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 6 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, 1 min ago	2.59 bp	15.9 bp −$16	34.2 bp −$342	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.60 bp	13.5 bp −$14	22.1 bp −$221	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
ApeX Omni CAKEUSDT	−0.0003%	1h	2.5092	−0.187%	$11K	$678K	50x	as long as short
Orderly PERP_CAKE_USDC	+0.0017%	4h	2.5113	−0.103%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.197%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5148	+0.036%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5130	−0.036%	$2.4M	$79K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5120	−0.076%	$17.9M	$31.2M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5100	−0.155%	$5.2M	$3.6M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5121	−0.072%	$875K	$642K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5112	−0.107%	$13.4M	$2.9M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5125	−0.056%	$2.4M	$5.4M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDTlong	+0.0100%	4h	2.5139	long leg	$2.6M	$2.3M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5100	−0.155%	—	$3.8M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5096	−0.173%	$521K	$469K	—	as long as short
BloFin CAKE-USDTshort	+0.0134%	4h	2.5098	−0.163%	$998K	$367K	75x
GMX CAKE/USD [WBTC.b-USDC]	L +0.0417% / S −0.0269%	1h	2.5137	−0.009%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0748%	1h	2.5131	−0.032%	$53K	$38K	10x	as long as short