Funding you earn now, next payment 01:00 UTC+0.0607%/8h= +66.5% APRpaid last 24h +0.256%
Price spread now: Kraken Futures against Gate+0.331%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.699%+$70 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.331% dearer against Gate than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CAKE_USDT | 2.5468 | 0.0100 | pay 0.0050% / 4h | 3h 17m | $894K | $683K | 75x |
| Short | Kraken Futures PF_CAKEUSD | 2.5552 | 0.0707 | get 0.0088% / 1h | 17m 50s | $55K | $37K | 10x |
Gate CAKE_USDT
Kraken Futures PF_CAKEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $127.51
- Price spread: +0.331% → 0.000%
- $33.1
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $135.61
- Costs to cover
- 0.250%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 54 min ago; Kraken Futures: no order-book sample. 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 Gate live order book, 54 min ago | 3.73 bp | 35.1 bp −$35 | 117.0 bp −$1,170 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.0023% | 4h | 2.5471 | +0.012% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.110% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5525 | +0.223% | $3.2M | $2.6M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5490 | +0.086% | $2.4M | $78K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5493 | +0.098% | $18.3M | $35.0M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5467 | −0.004% | $5.3M | $3.8M | 50x | as long as short |
| Gate CAKE_USDTlong | +0.0100% | 4h | 2.5468 | long leg | $894K | $683K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5490 | +0.086% | $14.1M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5487 | +0.075% | $2.5M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5489 | +0.082% | $2.7M | $2.6M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
MEXC CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAKE-USDT | +0.0100% | 4h | 2.5489 | +0.082% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5456 | −0.048% | $534K | $443K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5491 | +0.090% | $11K | $698K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0147% | 4h | 2.5473 | +0.020% | $995K | $365K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5466 | −0.010% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSDshort | +0.0707% | 1h | 2.5552 | +0.331% | $55K | $37K | 10x |
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]