CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.004%

Price spread now: BingX against MEXC+0.004%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.004%, 7d avg −0.015%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.138%, 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	MEXC CAKE_USDT	2.4924	0.0044	pay 0.0022% / 4h	3h 39m	$15.2M	$2.9M	125x
Short	BingX CAKE-USDT	2.4925	0.0100	get 0.0050% / 4h	3h 39m	—	$3.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $11.76
Price spread: +0.004% → −0.015%: $1.88
Slippage, 4 orders: −$15.07
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$15.43
Costs to cover: 0.291%
Break-even: 16.2 days

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 10 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 MEXC live order book, 3 min ago	1.00 bp	5.9 bp −$6	31.3 bp −$313	102.0 bp −$10.2K	doesn't fit
Sell BingX live order book, 10 min ago	3.82 bp	8.9 bp −$9	11.2 bp −$112	26.7 bp −$2,674	52.3 bp −$26.1K

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	−0.1758%	4h	2.4910	−0.056%	$5.3M	$3.2M	50x	as long as short
Variational Omni CAKE	−0.0476%	4h	2.4891	−0.133%	$514K	$421K	—	as long as short
Kraken Futures PF_CAKEUSD	−0.0282%	1h	2.4947	+0.093%	$55K	$45K	10x	as long as short
ApeX Omni CAKEUSDT	−0.0144%	1h	2.4946	+0.088%	$11K	$669K	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0138%	4h	2.4918	−0.024%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.070%	$113	$52K	5.5x	as long as short
MEXC CAKE_USDTlong	+0.0044%	4h	2.4924	long leg	$15.2M	$2.9M	125x
Binance CAKEUSDT	+0.0044%	4h	2.4927	+0.012%	$17.5M	$27.3M	75x	as long as short
BloFin CAKE-USDT	+0.0053%	4h	2.4910	−0.056%	$987K	$314K	75x	as long as short
KuCoin CAKEUSDTM	+0.0086%	4h	2.4926	+0.008%	$2.4M	$5.1M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CAKE	+0.0100%	1h	2.4953	+0.116%	$3.1M	$1.8M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4947	+0.092%	$2.3M	$107K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4890	−0.136%	$888K	$589K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4915	−0.036%	$2.6M	$2.0M	75x	as long as short
BingX CAKE-USDTshort	+0.0100%	4h	2.4925	+0.004%	—	$3.8M	—
GMX CAKE/USD [WBTC.b-USDC]	L +0.0380% / S −0.0214%	1h	2.4966	+0.170%	$37K	—	100x	as long as short