Funding you earn now, next payment 08:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.95 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Variational Omni+0.131%7-day average +0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.131%, 7d avg +0.021%
=Together, before fees−0.143%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.109% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.021%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.049% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CAKE | 2.4990 | −0.0105 | get 0.0053% / 4h | 1h 09m | $513K | $414K | — |
| Short | Binance CAKEUSDT | 2.5023 | 0.0084 | get 0.0042% / 4h | 1h 09m | $17.7M | $29.1M | 75x |
Variational Omni CAKE
Binance CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Variational Omni. 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
- $39.75
- Price spread: +0.131% → +0.021%
- $10.93
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $40.68
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 35 min ago; Binance: live order book, 2 min ago. 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 Variational Omni RFQ quote, 35 min ago | 6.73 bp | doesn't fit | 68.1 bp −$681 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.20 bp | 9.9 bp −$10 | 22.0 bp −$220 | 141.3 bp −$14.1K | 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 | −0.0248% | 4h | 2.5010 | +0.079% | $5.2M | $3.3M | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0108% | 4h | 2.5022 | +0.127% | $7K | $14K | 10x | as long as short |
| Variational Omni CAKElong | −0.0105% | 4h | 2.4990 | long leg | $513K | $414K | — | |
| KuCoin CAKEUSDTM | −0.0066% | 4h | 2.5028 | +0.151% | $2.4M | $5.2M | 50x | as long as short |
| ApeX Omni CAKEUSDT | −0.0041% | 1h | 2.5020 | +0.119% | $11K | $675K | 50x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.799% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0052% | 4h | 2.5012 | +0.087% | $990K | $313K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0084% | 4h | 2.5023 | +0.131% | $13.4M | $2.7M | 125x | as long as short |
| Binance CAKEUSDTshort | +0.0084% | 4h | 2.5023 | +0.131% | $17.7M | $29.1M | 75x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5048 | +0.231% | $3.1M | $1.8M | 3x | as long as short |
Bybit CAKEUSDT
Orderly PERP_CAKE_USDC
KuCoin CAKEUSDTM
ApeX Omni CAKEUSDT
Injective CAKE/USDC PERP
BloFin CAKE-USDT
MEXC CAKE_USDT
Hyperliquid CAKEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CAKEUSDT | +0.0100% | 4h | 2.5040 | +0.200% | $2.4M | $77K | 10x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5015 | +0.099% | $879K | $597K | 75x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5043 | +0.211% | $2.5M | $2.1M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5027 | +0.147% | — | $3.8M | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0379% | 1h | 2.5074 | +0.335% | $52K | $33K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5017 | +0.108% | $37K | — | 100x | as long as short |
Aster CAKEUSDT
Gate CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]