Funding you earn now, next payment 23:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.008%
Price spread now: BloFin against Hyperliquid−0.163%7-day average −0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 3 days (all we have)−0.102%−$10 · spread now −0.163%, 7d avg −0.051%
=Together, before fees+0.040%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.111% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.051%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.142%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CAKE | 2.5569 | 0.0100 | pay 0.0013% / 1h | 1m 14s | $3.2M | $2.8M | 3x |
| Short | BloFin CAKE-USDT | 2.5527 | 0.0079 | get 0.0039% / 4h | 1h 01m | $996K | $363K | 75x |
Hyperliquid CAKE
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Hyperliquid. 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
- −$4.45
- Price spread: −0.163% → −0.051%
- −$11.13
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$36.58
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; BloFin: live order book, 16 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 Hyperliquid live order book, 10 min ago | 1.37 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 1.97 bp | 8.8 bp −$9 | 15.3 bp −$153 | 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 | +0.0023% | 4h | 2.5528 | −0.159% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.503% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDTshort | +0.0079% | 4h | 2.5527 | −0.163% | $996K | $363K | 75x | |
| Hyperliquid CAKElong | +0.0100% | 1h | 2.5569 | long leg | $3.2M | $2.8M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5545 | −0.091% | $2.4M | $82K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5534 | −0.135% | $18.3M | $36.5M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5540 | −0.112% | $5.3M | $4.0M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5516 | −0.206% | $893K | $768K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5542 | −0.104% | $14.1M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5538 | −0.120% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5568 | −0.002% | $2.7M | $2.8M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5557 | −0.045% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5447 | −0.477% | $534K | $492K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5511 | −0.225% | $13K | $699K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0422% / S −0.0272% | 1h | 2.5538 | −0.121% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0773% | 1h | 2.5567 | −0.007% | $57K | $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