Funding you earn now, next payment 22:00 UTC+0.0464%/8h= +50.8% APRnext payment +$0.58 per $10,000 · paid last 24h +0.297%
Price spread now: Kraken Futures against Injective+0.245%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+0.732%+$73 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 +$14 a day on $10k at the current rate, and Kraken Futures is 0.245% dearer against Injective than usual: you sell high and buy low: +$24 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 | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | pay 0.0004% / 1h | 33m 18s | $113 | $52K | 5.5x |
| Short | Kraken Futures PF_CAKEUSD | 2.5502 | 0.0497 | get 0.0062% / 1h | 33m 18s | $57K | $38K | 10x |
Injective CAKE/USDC PERP
Kraken Futures PF_CAKEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $97.39
- Price spread: +0.245% → 0.000%
- $24.48
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $111.84
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Injective and 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 | +0.0009% | 4h | 2.5489 | +0.193% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPlong | +0.0033% | 1h | 2.5440 | long leg | $113 | $52K | 5.5x | |
| BloFin CAKE-USDT | +0.0054% | 4h | 2.5462 | +0.086% | $991K | $353K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5513 | +0.287% | $3.1M | $3.3M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5495 | +0.217% | $2.4M | $99K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5480 | +0.159% | $18.3M | $38.9M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5479 | +0.153% | $5.3M | $4.1M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5477 | +0.145% | $888K | $858K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5483 | +0.169% | $14.3M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5489 | +0.193% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
BloFin CAKE-USDT
Hyperliquid CAKE
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 | 2.5483 | +0.169% | $2.7M | $2.8M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5477 | +0.145% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5459 | +0.075% | $544K | $497K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5480 | +0.157% | $13K | $696K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5489 | +0.191% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSDshort | +0.0497% | 1h | 2.5502 | +0.245% | $57K | $38K | 10x |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]