Funding you earn now, next payment 00:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.19 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against MEXC0.000%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 3 days (all we have)−0.254%−$25 · spread now 0.000%, 7d avg −0.010%
=The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CAKE_USDT | 2.5447 | 0.0100 | pay 0.0050% / 4h | 1h 10m | $14.1M | $2.8M | 125x |
| Short | BloFin CAKE-USDT | 2.5447 | 0.0137 | get 0.0069% / 4h | 1h 10m | $996K | $364K | 75x |
MEXC CAKE_USDT
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $7.81
- Price spread: 0.000% → −0.010%
- $0.98
- Slippage, 4 orders
- −$16.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$23.23
- Costs to cover
- 0.320%
- Break-even
- 27.8 days
Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 6 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 | 0.79 bp | 6.2 bp −$6 | 31.1 bp −$311 | 95.8 bp −$9,583 | doesn't fit |
| Sell BloFin live order book, 6 min ago | 1.97 bp | 8.8 bp −$9 | 15.3 bp −$153 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDC | +0.0021% | 4h | 2.5445 | −0.008% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.028% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5480 | +0.130% | $3.2M | $3.2M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5473 | +0.101% | $2.4M | $87K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5445 | −0.009% | $18.3M | $38.1M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5440 | −0.028% | $5.3M | $4.0M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5448 | +0.004% | $890K | $767K | 75x | as long as short |
| MEXC CAKE_USDTlong | +0.0100% | 4h | 2.5447 | long leg | $14.1M | $2.8M | 125x | |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5452 | +0.020% | $2.5M | $5.7M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5458 | +0.043% | $2.7M | $2.8M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAKE-USDT | +0.0100% | 4h | 2.5447 | 0.000% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5367 | −0.315% | $532K | $492K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5410 | −0.145% | $13K | $700K | 50x | as long as short |
| BloFin CAKE-USDTshort | +0.0137% | 4h | 2.5447 | 0.000% | $996K | $364K | 75x | |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5458 | +0.043% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0776% | 1h | 2.5474 | +0.105% | $57K | $37K | 10x | as long as short |
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD