Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.019%
Price spread now: Injective against KuCoin+1.687%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−0.024%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 1.687% dearer against KuCoin than usual: you sell high and buy low (spread +1.687% now, against zero (this spread has no 7-day history yet)): +$169 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.024% in total) that is about 16 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CAKEUSDTM | 2.5018 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $2.4M | $5.5M | 50x |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 58m 52s | $113 | $52K | 5.5x |
KuCoin CAKEUSDTM
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$14
- Price spread: +1.687% → 0.000%
- $168.68
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $142.66
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 9 min ago; 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 KuCoin live order book, 9 min ago | 3.61 bp | 45.7 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.0312% | 4h | 2.4989 | −0.116% | $5.2M | $3.6M | 50x | as long as short |
| ApeX Omni CAKEUSDT | +0.0006% | 1h | 2.4983 | −0.140% | $10K | $679K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | +0.0016% | 4h | 2.5026 | +0.032% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | +1.687% | $113 | $52K | 5.5x | |
| BloFin CAKE-USDT | +0.0071% | 4h | 2.5028 | +0.040% | $997K | $356K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5035 | +0.068% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5029 | +0.045% | $2.4M | $79K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4997 | −0.084% | $17.8M | $31.3M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5025 | +0.028% | $873K | $635K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5003 | −0.060% | $13.3M | $2.8M | 125x | as long as short |
Bybit CAKEUSDT
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTMlong | +0.0100% | 4h | 2.5018 | long leg | $2.4M | $5.5M | 50x | |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5039 | +0.084% | $2.5M | $2.4M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5015 | −0.012% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5011 | −0.029% | $513K | $475K | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0352% | 1h | 2.5039 | +0.084% | $52K | $38K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.5046 | +0.113% | $37K | — | 100x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]