Funding you earn now, next payment 12:00 UTC+0.0540%/8h= +59.1% APRpaid last 24h −0.094%
Price spread now: KuCoin against Kraken Futures−0.023%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−0.839%−$84 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. KuCoin is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.839%, 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 | 2.5038 | −0.0440 | get 0.0055% / 1h | 9m 18s | $71K | $62K | 10x |
| Short | KuCoin CAKEUSDTM | 2.5032 | 0.0100 | get 0.0050% / 4h | 9m 18s | $2.4M | $5.3M | 50x |
Kraken Futures PF_CAKEUSD
KuCoin CAKEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $113.41
- Price spread: −0.023% → 0.000%
- −$2.25
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $89.15
- Costs to cover
- 0.220%
- Break-even
- 1.5 days
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 2.80 bp | 18.1 bp −$18 | 73.5 bp −$735 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_CAKEUSDlong | −0.0440% | 1h | 2.5038 | long leg | $71K | $62K | 10x | |
| Orderly PERP_CAKE_USDC | −0.0076% | 4h | 2.5034 | −0.015% | $7K | $13K | 10x | as long as short |
| ApeX Omni CAKEUSDT | −0.0024% | 1h | 2.4997 | −0.162% | $11K | $668K | 50x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.607% | $113 | $52K | 5.5x | as long as short |
| Aster CAKEUSDT | +0.0054% | 4h | 2.5032 | −0.023% | $2.3M | $201K | 10x | as long as short |
| BingX CAKE-USDT | +0.0070% | 4h | 2.5037 | −0.003% | — | $4.3M | — | as long as short |
| BloFin CAKE-USDT | +0.0075% | 4h | 2.5002 | −0.142% | $1.0M | $318K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5044 | +0.025% | $3.1M | $1.3M | 3x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5033 | −0.018% | $17.5M | $25.2M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5031 | −0.027% | $5.4M | $3.1M | 50x | as long as short |
Orderly PERP_CAKE_USDC
ApeX Omni CAKEUSDT
Injective CAKE/USDC PERP
Aster CAKEUSDT
BingX CAKE-USDT
BloFin CAKE-USDT
Hyperliquid CAKE
Binance CAKEUSDT
Bybit CAKEUSDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CAKE_USDT | +0.0100% | 4h | 2.5014 | −0.094% | $928K | $499K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5036 | −0.007% | $15.8M | $2.6M | 125x | as long as short |
| KuCoin CAKEUSDTMshort | +0.0100% | 4h | 2.5032 | −0.023% | $2.4M | $5.3M | 50x | |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5040 | +0.009% | $2.6M | $2.0M | 75x | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.4993 | −0.178% | $425K | $492K | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0425% / S −0.0286% | 1h | 2.5044 | +0.024% | $37K | — | 100x | as long as short |
Gate CAKE_USDT
MEXC CAKE_USDT
Bitget CAKEUSDT
Variational Omni CAKE
GMX CAKE/USD [WBTC.b-USDC]