CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against BloFin+0.090%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$32 on $10k

Price spread, last 3 days (all we have)+0.632%+$63 · spread now +0.090%, 7d avg −0.021%

Together, before fees+0.307%+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.112% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.325%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CAKE-USDT	2.5457	0.0062	pay 0.0031% / 4h	2h 56m	$996K	$342K	75x
Short	Bybit CAKEUSDT	2.5480	0.0100	get 0.0050% / 4h	2h 56m	$5.3M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.090%Rate

Funding earned: $8.04
Price spread: +0.090% → −0.021%: $11.18
Slippage, 4 orders: −$43.89
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.67
Costs to cover: 0.669%
Break-even: 48.5 days

Slippage from BloFin: live order book, 30 min ago; Bybit: live order book, 1 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, 30 min ago	0.78 bp	12.7 bp −$13	28.2 bp −$282	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.96 bp	20.4 bp −$20	51.5 bp −$515	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
Orderly PERP_CAKE_USDC	+0.0005%	4h	2.5478	+0.082%	$7K	$15K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.067%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDTlong	+0.0062%	4h	2.5457	long leg	$996K	$342K	75x
Hyperliquid CAKE	+0.0100%	1h	2.5521	+0.251%	$3.1M	$3.4M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5497	+0.157%	$2.4M	$111K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5483	+0.102%	$18.2M	$39.9M	75x	as long as short
Bybit CAKEUSDTshort	+0.0100%	4h	2.5480	+0.090%	$5.3M	$4.2M	50x
Gate CAKE_USDT	+0.0100%	4h	2.5473	+0.063%	$888K	$858K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5484	+0.106%	$14.2M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5496	+0.153%	$2.5M	$5.8M	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	2.5491	+0.134%	$2.7M	$3.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5479	+0.086%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5525	+0.269%	$545K	$498K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5504	+0.185%	$13K	$695K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0420% / S −0.0272%	1h	2.5481	+0.093%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0497%	1h	2.5528	+0.279%	$57K	$39K	10x	as long as short