CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.25 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against BloFin0.000%66s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as 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−$430.428% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$28 on $10k

Price spread, last 3 days (all we have)+0.779%+$78 · spread now 0.000%, 7d avg −0.005%

Together, before fees+0.494%+$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.285%, so the current rate has only just turned in your favour. The two prices were read 66 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	2.5428	0.0049	pay 0.0025% / 4h	2h 50m	$993K	$346K	75x
Short	BingX CAKE-USDT	2.5428	0.0100	get 0.0050% / 4h	2h 50m	—	$3.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $10.67
Price spread: 0.000% → −0.005%: $0.54
Slippage, 4 orders: −$20.84
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$31.64
Costs to cover: 0.428%
Break-even: 27.8 days

Slippage from BloFin: live order book, 36 min ago; BingX: live order book, 15 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, 36 min ago	0.78 bp	12.7 bp −$13	28.2 bp −$282	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	2.94 bp	9.2 bp −$9	11.6 bp −$116	18.5 bp −$1,847	38.5 bp −$19.3K

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	2.5431	+0.012%	$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	+0.0049%	4h	2.5428	long leg	$993K	$346K	75x
Hyperliquid CAKE	+0.0100%	1h	2.5473	+0.177%	$3.1M	$3.3M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5450	+0.086%	$2.4M	$99K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5418	−0.038%	$18.2M	$39.6M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5421	−0.028%	$5.3M	$4.2M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5438	+0.039%	$886K	$858K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5425	−0.012%	$14.2M	$2.9M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5438	+0.039%	$2.5M	$5.7M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	2.5443	+0.059%	$2.7M	$3.0M	75x	as long as short
BingX CAKE-USDTshort	+0.0100%	4h	2.5428	0.000%	—	$3.5M	—
Variational Omni CAKE	+0.0100%	4h	2.5420	−0.031%	$544K	$497K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5443	+0.059%	$13K	$695K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0420% / S −0.0272%	1h	2.5441	+0.052%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0497%	1h	2.5487	+0.231%	$57K	$39K	10x	as long as short