CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1858%/8h= +203.4% APRnext payment +$9.29 per $10,000 · paid last 24h +0.029%

Price spread now: Bitget against Bybit−0.004%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 7 days−0.022%−$2 · spread now −0.004%, 7d avg +0.015%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$56 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.159% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.29 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	2.4910	−0.1758	get 0.0879% / 4h	3h 40m	$5.3M	$3.2M	50x
Short	Bitget CAKEUSDT	2.4909	0.0100	get 0.0050% / 4h	3h 40m	$2.6M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.004%Rate

Funding earned: $390.15
Price spread: −0.004% → +0.015%: −$1.9
Slippage, 4 orders: −$41.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: $323.46
Costs to cover: 0.648%
Break-even: 1.2 days

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 2 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	20.2 bp −$20	50.5 bp −$505	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.21 bp	10.0 bp −$10	27.1 bp −$271	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
Bybit CAKEUSDTlong	−0.1758%	4h	2.4910	long leg	$5.3M	$3.2M	50x
Variational Omni CAKE	−0.0476%	4h	2.4891	−0.077%	$514K	$421K	—	as long as short
Kraken Futures PF_CAKEUSD	−0.0283%	1h	2.4924	+0.055%	$55K	$45K	10x	as long as short
ApeX Omni CAKEUSDT	−0.0144%	1h	2.4946	+0.145%	$11K	$669K	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0138%	4h	2.4918	+0.032%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.128%	$113	$52K	5.5x	as long as short
MEXC CAKE_USDT	+0.0044%	4h	2.4906	−0.016%	$15.2M	$2.9M	125x	as long as short
Binance CAKEUSDT	+0.0044%	4h	2.4917	+0.030%	$17.5M	$27.3M	75x	as long as short
BloFin CAKE-USDT	+0.0053%	4h	2.4910	0.000%	$987K	$314K	75x	as long as short
KuCoin CAKEUSDTM	+0.0086%	4h	2.4915	+0.020%	$2.4M	$5.1M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CAKE	+0.0100%	1h	2.4938	+0.112%	$3.1M	$1.8M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4929	+0.077%	$2.3M	$107K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4883	−0.108%	$888K	$589K	75x	as long as short
Bitget CAKEUSDTshort	+0.0100%	4h	2.4909	−0.004%	$2.6M	$2.0M	75x
BingX CAKE-USDT	+0.0100%	4h	2.4905	−0.020%	—	$3.8M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0380% / S −0.0214%	1h	2.4966	+0.227%	$37K	—	100x	as long as short