Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%
Price spread now: BingX against Injective−0.810%87s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 0.810% cheaper against Injective than usual: you would sell low and buy high (spread −0.810% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$81 on $10k: about 40 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | pay 0.0004% / 1h | 55m 55s | $113 | $52K | 5.5x |
| Short | BingX CAKE-USDT | 2.5234 | 0.0100 | get 0.0050% / 4h | 2h 55m | — | $3.5M | — |
Injective CAKE/USDC PERP
BingX CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- $14
- Price spread: −0.810% → 0.000%
- −$80.97
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$76.99
- Costs to cover
- 0.100%
- Break-even
- 45.5 days
Slippage unknown: Injective: no order-book sample; BingX: live order book, 9 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 Injective no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 9 min ago | 0.20 bp | 13.8 bp −$14 | 16.7 bp −$167 | 26.1 bp −$2,611 | 46.0 bp −$23.0K |
Injective: 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 | +0.0024% | 4h | 2.5245 | −0.767% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPlong | +0.0033% | 1h | 2.5440 | long leg | $113 | $52K | 5.5x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5260 | −0.708% | $3.2M | $2.7M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5255 | −0.727% | $2.4M | $75K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5225 | −0.845% | $18.0M | $34.6M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5221 | −0.861% | $5.3M | $3.8M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5227 | −0.837% | $884K | $661K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5226 | −0.841% | $13.9M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5235 | −0.806% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5257 | −0.719% | $2.6M | $2.5M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
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-USDTshort | +0.0100% | 4h | 2.5234 | −0.810% | — | $3.5M | — | |
| Variational Omni CAKE | +0.0100% | 4h | 2.5216 | −0.880% | $537K | $459K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5320 | −0.472% | $11K | $699K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0111% | 4h | 2.5297 | −0.562% | $995K | $360K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5256 | −0.721% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0827% | 1h | 2.5343 | −0.381% | $55K | $37K | 10x | as long as short |
Variational Omni CAKE
ApeX Omni CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD