Funding you earn now, next payment 03:00 UTC+0.1475%/8h= +161.5% APRpaid last 24h +0.241%
Price spread now: Kraken Futures against BloFin+0.067%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.581%+$58 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and Kraken Futures is 0.067% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.581% in total (about 30.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CAKE-USDT | 2.5136 | 0.0079 | pay 0.0039% / 4h | 1h 34m | $994K | $373K | 75x |
| Short | Kraken Futures PF_CAKEUSD | 2.5153 | 0.1553 | get 0.0194% / 1h | 34m 18s | $54K | $37K | 10x |
BloFin CAKE-USDT
Kraken Futures PF_CAKEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $309.66
- Price spread: +0.067% → 0.000%
- $6.71
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $294.37
- Costs to cover
- 0.220%
- Break-even
- 0.3 days
Slippage unknown: BloFin: live order book, 8 min ago; Kraken Futures: 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 BloFin live order book, 8 min ago | 0.40 bp | 12.9 bp −$13 | 28.5 bp −$285 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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 | +0.0013% | 4h | 2.5111 | −0.099% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.209% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDTlong | +0.0079% | 4h | 2.5136 | long leg | $994K | $373K | 75x | |
| ApeX Omni CAKEUSDT | +0.0084% | 1h | 2.5147 | +0.044% | $11K | $684K | 50x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5145 | +0.036% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5143 | +0.028% | $2.4M | $72K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5123 | −0.052% | $17.9M | $31.6M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5090 | −0.183% | $5.2M | $3.6M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5105 | −0.123% | $874K | $649K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5108 | −0.111% | $13.6M | $2.9M | 125x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
ApeX Omni CAKEUSDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5114 | −0.088% | $2.5M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5119 | −0.068% | $2.6M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5109 | −0.107% | — | $3.7M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5105 | −0.123% | $533K | $458K | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5114 | −0.088% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSDshort | +0.1553% | 1h | 2.5153 | +0.067% | $54K | $37K | 10x |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
GMX CAKE/USD [WBTC.b-USDC]