Funding you earn now, next payment 08:00 UTC+0.0447%/8h= +49.0% APRnext payment +$2.24 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against Bybit+0.063%7-day average +0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.063%, 7d avg +0.008%
=Together, before fees+0.005%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Variational Omni is 0.055% dearer against Bybit than usual: you sell high and buy low: +$6 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 4 days it paid 0.029% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.24 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 | 2.4945 | −0.0379 | get 0.0190% / 4h | 2h 43m | $5.2M | $3.5M | 50x |
| Short | Variational Omni CAKE | 2.4961 | 0.0068 | get 0.0034% / 4h | 2h 43m | $511K | $460K | — |
Bybit CAKEUSDT
Variational Omni CAKEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $93.92
- Price spread: +0.063% → +0.008%
- $5.5
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $88.43
- Costs to cover
- 0.110%
- Break-even
- 0.4 days
Slippage unknown: Bybit: live order book, 4 min ago; Variational Omni: RFQ quote, 6 min ago. Net counts fees only.
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, 4 min ago | 4.01 bp | 21.3 bp −$21 | 77.0 bp −$770 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 6 min ago | 4.73 bp | doesn't fit | 54.4 bp −$544 | 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 | −0.0379% | 4h | 2.4945 | long leg | $5.2M | $3.5M | 50x | |
| ApeX Omni CAKEUSDT | −0.0215% | 1h | 2.4993 | +0.192% | $11K | $678K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0029% | 4h | 2.4989 | +0.176% | $7K | $14K | 10x | as long as short |
| KuCoin CAKEUSDTM | +0.0028% | 4h | 2.4954 | +0.036% | $2.4M | $5.3M | 50x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.984% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0060% | 4h | 2.4989 | +0.176% | $831K | $316K | 75x | as long as short |
| Variational Omni CAKEshort | +0.0068% | 4h | 2.4961 | +0.063% | $511K | $460K | — | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4979 | +0.138% | $3.1M | $2.1M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4992 | +0.190% | $2.3M | $76K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4960 | +0.060% | $17.6M | $30.7M | 75x | as long as short |
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
KuCoin CAKEUSDTM
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CAKE_USDT | +0.0100% | 4h | 2.4971 | +0.104% | $867K | $606K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4959 | +0.056% | $13.2M | $2.8M | 125x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4983 | +0.152% | $2.5M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4952 | +0.028% | — | $3.8M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.4986 | +0.164% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0702% | 1h | 2.5021 | +0.304% | $52K | $37K | 10x | as long as short |
Gate CAKE_USDT
MEXC CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD