Funding you earn now, next payment 04:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.013%
Price spread now: Variational Omni against ApeX Omni−0.110%73s7-day average −0.057% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.110%, 7d avg −0.057%
=Together, before fees+0.076%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.053% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.057%). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.032% in total) that is about 5.8 days. The two prices were read 73 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 | 2.5043 | −0.0017 | get 0.0002% / 1h | 24m 09s | $11K | $677K | 50x |
| Short | Variational Omni CAKE | 2.5015 | 0.0100 | get 0.0050% / 4h | 24m 09s | $519K | $469K | — |
ApeX Omni CAKEUSDT
Variational Omni CAKEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $24.48
- Price spread: −0.110% → −0.057%
- −$5.3
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $9.18
- Costs to cover
- 0.100%
- Break-even
- 4.4 days
Slippage unknown: ApeX Omni: live order book, 34 min ago; Variational Omni: RFQ quote, 35 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 ApeX Omni live order book, 34 min ago | 7.17 bp | 15.1 bp −$15 | 92.6 bp −$926 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 35 min ago | 6.71 bp | doesn't fit | 69.2 bp −$692 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDTlong | −0.0017% | 1h | 2.5043 | long leg | $11K | $677K | 50x | |
| Orderly PERP_CAKE_USDC | +0.0021% | 4h | 2.5049 | +0.024% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.585% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5086 | +0.172% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5073 | +0.119% | $2.4M | $79K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5052 | +0.036% | $17.9M | $31.2M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5040 | −0.012% | $5.2M | $3.6M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5029 | −0.056% | $872K | $642K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5052 | +0.036% | $13.4M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5050 | +0.028% | $2.4M | $5.4M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5066 | +0.092% | $2.6M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5042 | −0.004% | — | $3.8M | — | as long as short |
| Variational Omni CAKEshort | +0.0100% | 4h | 2.5015 | −0.110% | $519K | $469K | — | |
| BloFin CAKE-USDT | +0.0159% | 4h | 2.5050 | +0.028% | $996K | $362K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5067 | +0.096% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0749% | 1h | 2.5099 | +0.222% | $53K | $38K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD