Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit+0.048%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$980.982% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 7 days−0.038%−$4 · spread now +0.048%, 7d avg +0.051%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CAKEUSDT | 2.5181 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $5.3M | $3.6M | 50x |
| Short | KuCoin CAKEUSDTM | 2.5193 | 0.0100 | get 0.0050% / 4h | 1h 14m | $2.4M | $5.5M | 50x |
Bybit CAKEUSDT
KuCoin CAKEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- $0
- Price spread: +0.048% → +0.051%
- −$0.33
- Slippage, 4 orders
- −$75.25
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$98.58
- Costs to cover
- 0.982%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 3 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, 3 min ago | 3.97 bp | 21.5 bp −$22 | 53.4 bp −$534 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 4.17 bp | 31.9 bp −$32 | 112.2 bp −$1,122 | 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 | +0.0015% | 4h | 2.5179 | −0.008% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.029% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0090% | 4h | 2.5179 | −0.008% | $850K | $364K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5211 | +0.119% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5197 | +0.063% | $2.4M | $72K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5186 | +0.019% | $18.0M | $31.3M | 75x | as long as short |
| Bybit CAKEUSDTlong | +0.0100% | 4h | 2.5181 | long leg | $5.3M | $3.6M | 50x | |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5177 | −0.016% | $877K | $649K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5186 | +0.020% | $13.7M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTMshort | +0.0100% | 4h | 2.5193 | +0.048% | $2.4M | $5.5M | 50x |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5195 | +0.056% | $2.6M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5184 | +0.012% | — | $3.7M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5185 | +0.016% | $522K | $470K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5192 | +0.044% | $11K | $681K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5188 | +0.027% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.1549% | 1h | 2.5213 | +0.128% | $54K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD