CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Variational Omni+0.134%56s7-day average +0.010% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.495%−$49 · spread now +0.134%, 7d avg +0.010%

Together, before fees−0.388%+ Points / potential airdropVariational Omni: Active · farm board−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.124% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CAKE	2.5433	0.0100	pay 0.0050% / 4h	1h 54m	$542K	$491K	—
Short	BloFin CAKE-USDT	2.5467	0.0138	get 0.0069% / 4h	1h 54m	$996K	$355K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BloFinbpOrdersPrice spread, now +0.134%Rate

Funding earned: $8.06
Price spread: +0.134% → +0.010%: $12.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $8.49
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 30 min ago; BloFin: live order book, 28 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, 30 min ago	6.63 bp	doesn't fit	52.1 bp −$521	doesn't fit	doesn't fit
Sell BloFin live order book, 28 min ago	0.19 bp	14.5 bp −$15	24.2 bp −$242	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	+0.0014%	4h	2.5448	+0.060%	$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	2.5487	+0.213%	$3.2M	$3.3M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5472	+0.155%	$2.4M	$89K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5441	+0.033%	$18.3M	$38.5M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5430	−0.011%	$5.3M	$4.1M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5456	+0.091%	$888K	$761K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5452	+0.075%	$14.2M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5484	+0.201%	$2.5M	$5.7M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5461	+0.111%	$2.7M	$2.8M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CAKE-USDT	+0.0100%	4h	2.5460	+0.107%	—	$3.5M	—	as long as short
Variational Omni CAKElong	+0.0100%	4h	2.5433	long leg	$542K	$491K	—
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5435	+0.008%	$13K	$698K	50x	as long as short
BloFin CAKE-USDTshort	+0.0138%	4h	2.5467	+0.134%	$996K	$355K	75x
GMX CAKE/USD [WBTC.b-USDC]	L +0.0420% / S −0.0272%	1h	2.5457	+0.095%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0773%	1h	2.5571	+0.542%	$57K	$37K	10x	as long as short