Funding you earn now, next payment 02:00 UTC−0.0742%/8h= −81.2% APRnext payment −$0.93 per $10,000 · paid last 24h −0.261%
Price spread now: ApeX Omni against Kraken Futures−0.307%75s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.854%−$85 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and ApeX Omni is 0.307% cheaper against Kraken Futures than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 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 | Kraken Futures PF_CAKEUSD | 2.5275 | 0.0829 | pay 0.0104% / 1h | 24m 09s | $54K | $37K | 10x |
| Short | ApeX Omni CAKEUSDT | 2.5197 | 0.0087 | get 0.0011% / 1h | 24m 09s | $11K | $682K | 50x |
Kraken Futures PF_CAKEUSD
ApeX Omni CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- −$155.81
- Price spread: −0.307% → 0.000%
- −$30.69
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$206.51
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; ApeX Omni: live order book, 44 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 44 min ago | 5.90 bp | 12.9 bp −$13 | 96.0 bp −$960 | doesn't fit | doesn't fit |
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 15 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 | +0.0015% | 4h | 2.5242 | −0.129% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.654% | $113 | $52K | 5.5x | as long as short |
| ApeX Omni CAKEUSDTshort | +0.0087% | 1h | 2.5197 | −0.307% | $11K | $682K | 50x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5266 | −0.034% | $3.2M | $2.6M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5252 | −0.090% | $2.4M | $75K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5246 | −0.113% | $18.0M | $33.8M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5230 | −0.176% | $5.3M | $3.7M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5234 | −0.161% | $879K | $670K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5248 | −0.105% | $13.8M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5242 | −0.129% | $2.4M | $5.5M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5264 | −0.042% | $2.6M | $2.5M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5248 | −0.105% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5226 | −0.193% | $536K | $458K | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0417% / S −0.0269% | 1h | 2.5252 | −0.088% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSDlong | +0.0829% | 1h | 2.5275 | long leg | $54K | $37K | 10x |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
GMX CAKE/USD [WBTC.b-USDC]