Funding you earn now, next payment 09:00 UTC+0.0314%/8h= +34.4% APRnext payment +$0.39 per $10,000 · paid last 24h −0.203%
Price spread now: Injective against Kraken Futures+1.418%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−0.873%−$87 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 +$9 a day on $10k at the current rate, and Injective is 1.418% dearer against Kraken Futures than usual: you sell high and buy low: +$142 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.873%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CAKEUSD | 2.5084 | −0.0281 | get 0.0035% / 1h | 22m 28s | $55K | $44K | 10x |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 22m 28s | $113 | $52K | 5.5x |
Kraken Futures PF_CAKEUSD
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $65.98
- Price spread: +1.418% → 0.000%
- $141.83
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $197.79
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Injective: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Kraken Futures and 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | −0.1481% | 4h | 2.5066 | −0.073% | $5.4M | $3.1M | 50x | as long as short |
| Variational Omni CAKE | −0.0625% | 4h | 2.4940 | −0.574% | $515K | $418K | — | as long as short |
| ApeX Omni CAKEUSDT | −0.0285% | 1h | 2.4966 | −0.471% | $11K | $669K | 50x | as long as short |
| Kraken Futures PF_CAKEUSDlong | −0.0281% | 1h | 2.5084 | long leg | $55K | $44K | 10x | |
| Orderly PERP_CAKE_USDC | −0.0145% | 4h | 2.5075 | −0.037% | $7K | $14K | 10x | as long as short |
| BloFin CAKE-USDT | +0.0028% | 4h | 2.5081 | −0.013% | $993K | $316K | 75x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | +1.418% | $113 | $52K | 5.5x | |
| MEXC CAKE_USDT | +0.0048% | 4h | 2.5082 | −0.009% | $15.3M | $2.9M | 125x | as long as short |
| Binance CAKEUSDT | +0.0049% | 4h | 2.5078 | −0.025% | $17.6M | $27.1M | 75x | as long as short |
| KuCoin CAKEUSDTM | +0.0058% | 4h | 2.5078 | −0.025% | $2.5M | $5.1M | 50x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
BloFin CAKE-USDT
MEXC CAKE_USDT
Binance CAKEUSDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CAKE | +0.0100% | 1h | 2.5097 | +0.051% | $3.1M | $1.8M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5079 | −0.020% | $2.3M | $158K | 10x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5070 | −0.057% | $895K | $594K | 75x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5077 | −0.029% | $2.6M | $2.0M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5069 | −0.061% | — | $3.8M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0381% / S −0.0214% | 1h | 2.5096 | +0.048% | $37K | — | 100x | as long as short |
Hyperliquid CAKE
Aster CAKEUSDT
Gate CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]