CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0589%/8h= +64.5% APRnext payment +$2.94 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit+0.080%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days−0.095%−$10 · spread now +0.080%, 7d avg +0.008%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and BingX is 0.072% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.008%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.94 per $10,000. 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	Bybit CAKEUSDT	2.4867	−0.0489	get 0.0244% / 4h	2h 40m	$5.1M	$3.5M	50x
Short	BingX CAKE-USDT	2.4887	0.0100	get 0.0050% / 4h	2h 40m	—	$3.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $123.62
Price spread: +0.080% → +0.008%: $7.21
Slippage, 4 orders: −$36.36
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: $73.47
Costs to cover: 0.574%
Break-even: 2.8 days

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 4 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 Bybit live order book, 2 min ago	2.01 bp	16.2 bp −$16	74.9 bp −$749	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	2.80 bp	9.6 bp −$10	11.7 bp −$117	28.6 bp −$2,863	51.1 bp −$25.5K

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 CAKEUSDTlong	−0.0489%	4h	2.4867	long leg	$5.1M	$3.5M	50x
ApeX Omni CAKEUSDT	−0.0237%	1h	2.4953	+0.346%	$11K	$677K	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0035%	4h	2.4904	+0.149%	$7K	$14K	10x	as long as short
Variational Omni CAKE	0.0000%	4h	2.4881	+0.057%	$510K	$460K	—	as long as short
KuCoin CAKEUSDTM	+0.0018%	4h	2.4879	+0.048%	$2.4M	$5.3M	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.304%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.4898	+0.125%	$3.1M	$2.1M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4923	+0.224%	$2.3M	$76K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.4883	+0.066%	$17.6M	$30.7M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4899	+0.129%	$864K	$607K	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CAKE_USDT	+0.0100%	4h	2.4890	+0.092%	$13.2M	$2.8M	125x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4926	+0.237%	$2.5M	$2.3M	75x	as long as short
BingX CAKE-USDTshort	+0.0100%	4h	2.4887	+0.080%	—	$3.8M	—
BloFin CAKE-USDT	+0.0123%	4h	2.4903	+0.145%	$988K	$315K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0415% / S −0.0269%	1h	2.4926	+0.236%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0703%	1h	2.4963	+0.387%	$52K	$37K	10x	as long as short