Funding you earn now, next payment 21:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against Bitget−0.512%101s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.512% cheaper against Bitget than usual: you would sell low and buy high (−$51 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CAKEUSDT | 2.5571 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $2.8M | $3.1M | 75x |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 29m 35s | $113 | $52K | 5.5x |
Bitget CAKEUSDT
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −0.512% → 0.000%
- −$51.23
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$77.25
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
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, 4 min ago | 4.30 bp | 12.8 bp −$13 | 25.3 bp −$253 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0001% | 4h | 2.5572 | +0.004% | $7K | $15K | 10x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | −0.512% | $113 | $52K | 5.5x | |
| BloFin CAKE-USDT | +0.0083% | 4h | 2.5552 | −0.074% | $981K | $374K | 75x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5588 | +0.066% | $2.4M | $112K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5549 | −0.085% | $18.0M | $40.7M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5537 | −0.133% | $5.3M | $4.4M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5550 | −0.082% | $836K | $860K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5564 | −0.027% | $14.3M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5581 | +0.039% | $2.5M | $5.9M | 50x | as long as short |
| Bitget CAKEUSDTlong | +0.0100% | 4h | 2.5571 | long leg | $2.8M | $3.1M | 75x |
Orderly PERP_CAKE_USDC
BloFin CAKE-USDT
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAKE-USDT | +0.0100% | 4h | 2.5561 | −0.039% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5530 | −0.162% | $544K | $502K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5543 | −0.109% | $13K | $692K | 50x | as long as short |
| Hyperliquid CAKE | +0.0102% | 1h | 2.5610 | +0.153% | $3.1M | $3.5M | 3x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0394% | 1h | 2.5651 | +0.311% | $57K | $44K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0419% / S −0.0272% | 1h | 2.5579 | +0.030% | $38K | — | 100x | as long as short |
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
Hyperliquid CAKE
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]