Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against Variational Omni+0.039%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Injective is 0.039% dearer against Variational Omni than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CAKE | 2.5430 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $543K | $497K | — |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 41m 04s | $113 | $52K | 5.5x |
Variational Omni CAKE
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: +0.039% → 0.000%
- $3.88
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$10.14
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 48 min ago; Injective: 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 Variational Omni RFQ quote, 48 min ago | 6.63 bp | doesn't fit | 73.6 bp −$736 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDC | +0.0006% | 4h | 2.5458 | +0.110% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | +0.039% | $113 | $52K | 5.5x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5504 | +0.292% | $3.1M | $3.3M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5469 | +0.154% | $2.4M | $99K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5460 | +0.116% | $18.2M | $39.0M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5450 | +0.078% | $5.3M | $4.1M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5440 | +0.039% | $887K | $858K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5460 | +0.117% | $14.2M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5462 | +0.125% | $2.5M | $5.7M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5458 | +0.110% | $2.7M | $3.0M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC 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 | 2.5449 | +0.074% | — | $3.5M | — | as long as short |
| Variational Omni CAKElong | +0.0100% | 4h | 2.5430 | long leg | $543K | $497K | — | |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5457 | +0.106% | $13K | $696K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0146% | 4h | 2.5450 | +0.078% | $995K | $351K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5469 | +0.154% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0498% | 1h | 2.5480 | +0.195% | $56K | $38K | 10x | as long as short |
BingX CAKE-USDT
ApeX Omni CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD