Funding you earn now, next payment 04:00 UTC−0.0648%/8h= −71.0% APRpaid last 24h −0.228%
Price spread now: Aster against Kraken Futures−0.005%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.726%−$73 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$19 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CAKEUSD | 2.5134 | 0.0748 | pay 0.0094% / 1h | 29m 58s | $53K | $38K | 10x |
| Short | Aster CAKEUSDT | 2.5133 | 0.0100 | get 0.0050% / 4h | 29m 58s | $2.4M | $79K | 10x |
Kraken Futures PF_CAKEUSD
Aster CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$136.12
- Price spread: −0.005% → 0.000%
- −$0.47
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$154.59
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Aster: live order book, 3 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 Aster live order book, 3 min ago | 1.20 bp | 16.6 bp −$17 | 1478.8 bp −$14.8K | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDT | −0.0003% | 1h | 2.5092 | −0.167% | $11K | $678K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | +0.0018% | 4h | 2.5113 | −0.083% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.218% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5155 | +0.084% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDTshort | +0.0100% | 4h | 2.5133 | −0.005% | $2.4M | $79K | 10x | |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5121 | −0.050% | $17.9M | $31.3M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5106 | −0.111% | $5.2M | $3.6M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5127 | −0.027% | $875K | $642K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5118 | −0.063% | $13.4M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5130 | −0.015% | $2.4M | $5.4M | 50x | as long as short |
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
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 | 2.5140 | +0.024% | $2.6M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5135 | +0.005% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5096 | −0.152% | $521K | $469K | — | as long as short |
| BloFin CAKE-USDT | +0.0134% | 4h | 2.5098 | −0.143% | $998K | $367K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0417% / S −0.0269% | 1h | 2.5127 | −0.029% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSDlong | +0.0748% | 1h | 2.5134 | long leg | $53K | $38K | 10x |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]