CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.002%

Price spread now: MEXC against BloFin+0.128%49s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as 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−$390.390% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.128%, 7d avg +0.018%

Together, before fees−0.082%−$8 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 MEXC is 0.110% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.018%. 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 49 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	2.4966	0.0075	pay 0.0037% / 4h	2h 18m	$982K	$316K	75x
Short	MEXC CAKE_USDT	2.4998	0.0100	get 0.0050% / 4h	2h 18m	$13.2M	$2.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.128%Rate

Funding earned: $5.32
Price spread: +0.128% → +0.018%: $10.99
Slippage, 4 orders: −$23.01
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$22.71
Costs to cover: 0.390%
Break-even: 36.9 days

Slippage from BloFin: live order book, 9 min ago; MEXC: 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, 9 min ago	0.20 bp	9.8 bp −$10	19.5 bp −$195	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.60 bp	6.3 bp −$6	38.1 bp −$381	103.9 bp −$10.4K	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
Bybit CAKEUSDT	−0.0808%	4h	2.5000	+0.136%	$5.2M	$3.5M	50x	as long as short
ApeX Omni CAKEUSDT	−0.0328%	1h	2.4915	−0.204%	$11K	$678K	50x	as long as short
Variational Omni CAKE	−0.0258%	4h	2.4896	−0.282%	$510K	$433K	—	as long as short
Orderly PERP_CAKE_USDC	−0.0064%	4h	2.5010	+0.176%	$7K	$14K	10x	as long as short
KuCoin CAKEUSDTM	−0.0058%	4h	2.4989	+0.092%	$2.4M	$5.3M	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.899%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDTlong	+0.0075%	4h	2.4966	long leg	$982K	$316K	75x
Hyperliquid CAKE	+0.0100%	1h	2.5012	+0.184%	$3.1M	$2.0M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5018	+0.207%	$2.4M	$79K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5007	+0.164%	$17.6M	$30.4M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CAKE_USDT	+0.0100%	4h	2.4974	+0.032%	$866K	$609K	75x	as long as short
MEXC CAKE_USDTshort	+0.0100%	4h	2.4998	+0.128%	$13.2M	$2.8M	125x
Bitget CAKEUSDT	+0.0100%	4h	2.4998	+0.128%	$2.5M	$2.3M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4994	+0.112%	—	$3.8M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5028	+0.246%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0702%	1h	2.5007	+0.166%	$52K	$37K	10x	as long as short