Funding you earn now, next payment 04:00 UTC−0.0593%/8h= −64.9% APRpaid last 24h −0.226%
Price spread now: BloFin against Kraken Futures−0.232%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.606%−$61 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 −$18 a day on $10k at the current rate, and BloFin is 0.232% cheaper against Kraken Futures than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | 2.5096 | 0.0749 | pay 0.0094% / 1h | 25m 49s | $53K | $38K | 10x |
| Short | BloFin CAKE-USDT | 2.5038 | 0.0157 | get 0.0078% / 4h | 25m 49s | $993K | $361K | 75x |
Kraken Futures PF_CAKEUSD
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$124.44
- Price spread: −0.232% → 0.000%
- −$23.21
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$169.65
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 11 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 BloFin live order book, 11 min ago | 0.60 bp | 13.5 bp −$14 | 22.1 bp −$221 | 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 | 2.5108 | +0.047% | $11K | $677K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | +0.0019% | 4h | 2.5034 | −0.248% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.370% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5076 | −0.081% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5071 | −0.102% | $2.4M | $79K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5045 | −0.203% | $17.9M | $31.2M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5024 | −0.288% | $5.2M | $3.6M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5025 | −0.284% | $872K | $642K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5053 | −0.172% | $13.4M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5050 | −0.184% | $2.4M | $5.4M | 50x | as long as short |
ApeX Omni CAKEUSDT
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 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5070 | −0.105% | $2.6M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5035 | −0.244% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5015 | −0.322% | $519K | $469K | — | as long as short |
| BloFin CAKE-USDTshort | +0.0157% | 4h | 2.5038 | −0.232% | $993K | $361K | 75x | |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5048 | −0.194% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSDlong | +0.0749% | 1h | 2.5096 | long leg | $53K | $38K | 10x |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
GMX CAKE/USD [WBTC.b-USDC]