Funding you earn now, next payment 00:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.011%
Price spread now: Binance against ApeX Omni−0.077%109s7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.077%, 7d avg −0.041%
=Funding pays, the price is against you. Binance is 0.036% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.041%). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.152% in total) that is about 40 hours. The two prices were read 109 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 | ApeX Omni CAKEUSDT | 2.5521 | −0.0072 | get 0.0009% / 1h | 25m 46s | $13K | $697K | 50x |
| Short | Binance CAKEUSDT | 2.5501 | 0.0100 | get 0.0050% / 4h | 25m 46s | $18.3M | $36.1M | 75x |
ApeX Omni CAKEUSDT
Binance CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against ApeX 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
- $36.14
- Price spread: −0.077% → −0.041%
- −$3.63
- Slippage, 4 orders
- −$32.24
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$19.73
- Costs to cover
- 0.522%
- Break-even
- 10.8 days
Slippage from ApeX Omni: live order book, 53 min ago; Binance: live order book, 16 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 ApeX Omni live order book, 53 min ago | 6.10 bp | 15.3 bp −$15 | 101.9 bp −$1,019 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.20 bp | 11.2 bp −$11 | 26.4 bp −$264 | 125.0 bp −$12.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDTlong | −0.0072% | 1h | 2.5521 | long leg | $13K | $697K | 50x | |
| Orderly PERP_CAKE_USDC | +0.0024% | 4h | 2.5503 | −0.071% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.317% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0069% | 4h | 2.5517 | −0.016% | $1.0M | $363K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5550 | +0.114% | $3.2M | $2.7M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5521 | +0.001% | $2.4M | $78K | 10x | as long as short |
| Binance CAKEUSDTshort | +0.0100% | 4h | 2.5501 | −0.077% | $18.3M | $36.1M | 75x | |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5500 | −0.082% | $5.3M | $3.9M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5505 | −0.063% | $890K | $754K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5502 | −0.074% | $14.2M | $2.8M | 125x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5514 | −0.027% | $2.5M | $5.6M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5532 | +0.043% | $2.7M | $2.6M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5499 | −0.086% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5502 | −0.074% | $536K | $480K | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5537 | +0.062% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0752% | 1h | 2.5544 | +0.092% | $55K | $39K | 10x | as long as short |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD