CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0685%/8h= +75.0% APRnext payment +$0.86 per $10,000 · paid last 24h +0.269%

Price spread now: Kraken Futures against ApeX Omni−0.138%75s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.839%+$84 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.138% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 16 hours of funding at the current rate (+$21 a day). The two prices were read 75 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	2.5463	0.0026	pay 0.0003% / 1h	50m 08s	$13K	$697K	50x
Short	Kraken Futures PF_CAKEUSD	2.5428	0.0711	get 0.0089% / 1h	50m 08s	$55K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 it

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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.138%Rate

Funding earned: $143.76
Price spread: −0.138% → 0.000%: −$13.84
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $109.92
Costs to cover: 0.200%
Break-even: 1.6 days

Slippage unknown: ApeX Omni: live order book, 23 min ago; Kraken Futures: 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 ApeX Omni live order book, 23 min ago	5.88 bp	14.4 bp −$14	116.6 bp −$1,166	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	+0.0022%	4h	2.5413	−0.196%	$7K	$14K	10x	as long as short
ApeX Omni CAKEUSDTlong	+0.0026%	1h	2.5463	long leg	$13K	$697K	50x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.090%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0052%	4h	2.5421	−0.165%	$994K	$362K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5437	−0.102%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5441	−0.086%	$2.4M	$78K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5415	−0.189%	$18.2M	$35.6M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5400	−0.247%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5432	−0.122%	$891K	$679K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5415	−0.189%	$14.1M	$2.8M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.5415	−0.189%	$2.4M	$5.5M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5431	−0.126%	$2.7M	$2.6M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5409	−0.212%	—	$3.6M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5401	−0.243%	$534K	$469K	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0420% / S −0.0272%	1h	2.5429	−0.135%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSDshort	+0.0711%	1h	2.5428	−0.138%	$55K	$37K	10x