CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BloFin+0.117%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 3 days (all we have)+0.155%+$15 · spread now +0.117%, 7d avg +0.046%

Together, before fees−0.035%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.071% dearer against BloFin than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.046%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.190% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CAKE-USDT	2.5595	0.0118	pay 0.0059% / 4h	48m 57s	$999K	$365K	75x
Short	KuCoin CAKEUSDTM	2.5625	0.0100	get 0.0050% / 4h	48m 57s	$2.5M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$3.78
Price spread: +0.117% → +0.046%: $7.12
Slippage, 4 orders: −$42.81
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.47
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from BloFin: live order book, 28 min ago; KuCoin: live order book, 9 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, 28 min ago	1.97 bp	12.0 bp −$12	23.1 bp −$231	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	3.52 bp	13.4 bp −$13	89.8 bp −$898	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	+0.0028%	4h	2.5599	+0.016%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.606%	$113	$52K	5.5x	as long as short
ApeX Omni CAKEUSDT	+0.0046%	1h	2.5585	−0.039%	$13K	$698K	50x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5639	+0.172%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5625	+0.118%	$2.4M	$80K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5628	+0.129%	$18.4M	$36.4M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5617	+0.086%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5615	+0.078%	$896K	$751K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5619	+0.094%	$14.1M	$2.7M	125x	as long as short
KuCoin CAKEUSDTMshort	+0.0100%	4h	2.5625	+0.117%	$2.5M	$5.7M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	2.5641	+0.180%	$2.7M	$2.7M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5624	+0.113%	—	$3.6M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5562	−0.130%	$536K	$480K	—	as long as short
BloFin CAKE-USDTlong	+0.0118%	4h	2.5595	long leg	$999K	$365K	75x
GMX CAKE/USD [WBTC.b-USDC]	L +0.0422% / S −0.0272%	1h	2.5619	+0.095%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0749%	1h	2.5630	+0.137%	$57K	$37K	10x	as long as short