Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BloFin−0.098%91s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 3 days (all we have)+0.797%+$80 · spread now −0.098%, 7d avg +0.006%
=Funding pays, the price is against you. Binance is 0.104% cheaper against BloFin than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of +0.006%). If the spread goes back, that is −$10 on $10k: about 11 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour. The two prices were read 91 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 | BloFin CAKE-USDT | 2.5452 | 0.0070 | pay 0.0035% / 4h | 2h 51m | $995K | $347K | 75x |
| Short | Binance CAKEUSDT | 2.5427 | 0.0100 | get 0.0050% / 4h | 2h 51m | $18.2M | $39.6M | 75x |
BloFin CAKE-USDT
Binance CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $6.32
- Price spread: −0.098% → +0.006%
- −$10.36
- Slippage, 4 orders
- −$25.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$51.39
- Costs to cover
- 0.474%
- Break-even
- 63.9 days
Slippage from BloFin: live order book, 35 min ago; Binance: live order book, 5 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 BloFin live order book, 35 min ago | 0.78 bp | 12.7 bp −$13 | 28.2 bp −$282 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.59 bp | 11.4 bp −$11 | 28.4 bp −$284 | 106.5 bp −$10.6K | 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 | +0.0005% | 4h | 2.5436 | −0.063% | $7K | $15K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.047% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDTlong | +0.0070% | 4h | 2.5452 | long leg | $995K | $347K | 75x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5463 | +0.043% | $3.1M | $3.3M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5451 | −0.002% | $2.4M | $99K | 10x | as long as short |
| Binance CAKEUSDTshort | +0.0100% | 4h | 2.5427 | −0.098% | $18.2M | $39.6M | 75x | |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5422 | −0.118% | $5.3M | $4.2M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5438 | −0.055% | $886K | $858K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5428 | −0.094% | $14.2M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5440 | −0.047% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5438 | −0.055% | $2.7M | $3.0M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5434 | −0.071% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5465 | +0.051% | $544K | $497K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5489 | +0.145% | $13K | $695K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5451 | −0.003% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0497% | 1h | 2.5503 | +0.199% | $57K | $39K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD