Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.010%
Price spread now: Orderly against KuCoin−0.059%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 −$2 a day on $10k at the current rate, and Orderly is 0.059% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CAKEUSDTM | 2.5498 | 0.0100 | pay 0.0050% / 4h | 0m 22s | $2.5M | $5.6M | 50x |
| Short | Orderly PERP_CAKE_USDC | 2.5483 | 0.0020 | get 0.0010% / 4h | 0m 22s | $7K | $14K | 10x |
KuCoin CAKEUSDTM
Orderly PERP_CAKE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$16.78
- Price spread: −0.059% → 0.000%
- −$5.88
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$40.67
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 7 min ago; Orderly: 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, 7 min ago | 3.34 bp | 40.1 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0081% | 1h | 2.5494 | −0.016% | $13K | $697K | 50x | as long as short |
| Orderly PERP_CAKE_USDCshort | +0.0020% | 4h | 2.5483 | −0.059% | $7K | $14K | 10x | |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.227% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5513 | +0.059% | $3.2M | $2.7M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5510 | +0.046% | $2.4M | $78K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5483 | −0.059% | $18.3M | $36.0M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5480 | −0.071% | $5.3M | $3.9M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5484 | −0.055% | $890K | $756K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5487 | −0.043% | $14.2M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTMlong | +0.0100% | 4h | 2.5498 | long leg | $2.5M | $5.6M | 50x |
ApeX Omni CAKEUSDT
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5489 | −0.035% | $2.7M | $2.6M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5483 | −0.059% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5472 | −0.104% | $534K | $469K | — | as long as short |
| BloFin CAKE-USDT | +0.0129% | 4h | 2.5499 | +0.004% | $997K | $364K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5499 | +0.005% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0751% | 1h | 2.5570 | +0.283% | $55K | $39K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD