CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0141%/8h= +15.4% APRnext payment +$0.70 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against KuCoin−0.076%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1021.024% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.076%, 7d avg −0.052%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.052%). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CAKEUSDTM	2.5045	−0.0056	get 0.0028% / 4h	1h 06m	$2.4M	$5.2M	50x
Short	BloFin CAKE-USDT	2.5026	0.0085	get 0.0042% / 4h	1h 06m	$990K	$314K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now −0.076%Rate

Funding earned: $29.56
Price spread: −0.076% → −0.052%: −$2.43
Slippage, 4 orders: −$78.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$75.23
Costs to cover: 1.024%
Break-even: 24.8 days

Slippage from KuCoin: live order book, 1 min ago; BloFin: live order book, 15 min ago.

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 KuCoin live order book, 1 min ago	2.20 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 15 min ago	0.40 bp	13.5 bp −$14	22.9 bp −$229	doesn't fit	doesn't fit

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	−0.0228%	4h	2.5025	−0.080%	$5.2M	$3.3M	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0109%	4h	2.5033	−0.048%	$7K	$14K	10x	as long as short
Variational Omni CAKE	−0.0105%	4h	2.4990	−0.218%	$513K	$414K	—	as long as short
KuCoin CAKEUSDTMlong	−0.0056%	4h	2.5045	long leg	$2.4M	$5.2M	50x
ApeX Omni CAKEUSDT	−0.0025%	1h	2.5023	−0.088%	$11K	$674K	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.577%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDTshort	+0.0085%	4h	2.5026	−0.076%	$990K	$314K	75x
MEXC CAKE_USDT	+0.0090%	4h	2.5038	−0.028%	$13.4M	$2.7M	125x	as long as short
Binance CAKEUSDT	+0.0095%	4h	2.5039	−0.024%	$17.7M	$29.1M	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5061	+0.064%	$3.1M	$1.8M	3x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CAKEUSDT	+0.0100%	4h	2.5055	+0.041%	$2.4M	$77K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5029	−0.064%	$880K	$597K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5051	+0.024%	$2.5M	$2.1M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5030	−0.060%	—	$3.8M	—	as long as short
Kraken Futures PF_CAKEUSD	+0.0379%	1h	2.5048	+0.014%	$52K	$33K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5048	+0.012%	$37K	—	100x	as long as short