Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.16 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Variational Omni−0.163%7-day average +0.024% · you buy dearer than you sell
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)+0.121%+$12 · spread now −0.163%, 7d avg +0.024%
=Together, before fees+0.170%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.187% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of +0.024%). If the spread goes back, that is −$19 on $10k: about 20 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CAKE | 2.4961 | 0.0068 | pay 0.0034% / 4h | 2h 41m | $511K | $460K | — |
| Short | MEXC CAKE_USDT | 2.4920 | 0.0100 | get 0.0050% / 4h | 2h 41m | $13.2M | $2.8M | 125x |
Variational Omni CAKE
MEXC CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $6.67
- Price spread: −0.163% → +0.024%
- −$18.69
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$16.03
- Costs to cover
- 0.040%
- Break-even
- 23.8 days
Slippage unknown: Variational Omni: RFQ quote, 7 min ago; MEXC: 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, 7 min ago | 4.73 bp | doesn't fit | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.00 bp | 4.5 bp −$5 | 38.5 bp −$385 | 98.8 bp −$9,882 | 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 | −0.0403% | 4h | 2.4892 | −0.275% | $5.2M | $3.5M | 50x | as long as short |
| ApeX Omni CAKEUSDT | −0.0215% | 1h | 2.4993 | +0.130% | $11K | $678K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0033% | 4h | 2.4923 | −0.151% | $7K | $14K | 10x | as long as short |
| KuCoin CAKEUSDTM | +0.0022% | 4h | 2.4913 | −0.191% | $2.4M | $5.3M | 50x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.920% | $113 | $52K | 5.5x | as long as short |
| Variational Omni CAKElong | +0.0068% | 4h | 2.4961 | long leg | $511K | $460K | — | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4937 | −0.095% | $3.1M | $2.1M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4951 | −0.039% | $2.3M | $76K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4915 | −0.183% | $17.6M | $30.7M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4903 | −0.231% | $865K | $607K | 75x | as long as short |
Bybit CAKEUSDT
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
KuCoin CAKEUSDTM
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CAKE_USDTshort | +0.0100% | 4h | 2.4920 | −0.163% | $13.2M | $2.8M | 125x | |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4947 | −0.055% | $2.5M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4907 | −0.215% | — | $3.8M | — | as long as short |
| BloFin CAKE-USDT | +0.0114% | 4h | 2.4953 | −0.031% | $830K | $316K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.4937 | −0.093% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0703% | 1h | 2.4973 | +0.050% | $52K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD