data as of
Settings8H · net · $10k
Funding arb /

CAKE

all CAKE markets
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Funding spread now, next payment 16:00 UTC−0.0278%/8h
paid, last 24h−0.018%paid, last 7 days−0.175%to open and close $10k−$78
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CAKEUSDT2.55840.0100pay 0.0050% / 4h54m 05s$2.4M$118K10x
ShortApeX Omni CAKEUSDT2.5538−0.0178pay 0.0022% / 1h54m 05s$16K$693K50x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$58.33
Slippage, 4 orders
−$60.13
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$136.46
Break-even
never at this rate
Slippage from Aster: live order book, 1 min ago; ApeX Omni: live order book, 61 min ago.

Price risk

price view
Price gap now
−0.181%
Avg gap 7d
−0.047%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 1 min ago4.11 bp33.7 bp −$341728.1 bp −$17.3Kdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 61 min ago4.73 bp12.3 bp −$1293.7 bp −$937doesn't fitdoesn't fit

CAKE on 16 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni CAKEUSDTshort−0.0178%1h$16K$693K50x
Kraken Futures PF_CAKEUSD−0.0127%1h$58K$52K10xas long as short
Injective CAKE/USDC PERP+0.0033%1h$13$61K5.5xas long as short
Orderly PERP_CAKE_USDC+0.0051%4h$16K$2K10xas long as short
BloFin CAKE-USDT+0.0084%4h$982K$407K75xas long as short
Hyperliquid CAKE+0.0100%1h$2.7M$3.9M3xas long as short
Aster CAKEUSDTlong+0.0100%4h$2.4M$118K10x
Binance CAKEUSDT+0.0100%4h$18.0M$39.2M75xas long as short
Bybit CAKEUSDT+0.0100%4h$5.4M$4.1M50xas long as short
Gate CAKE_USDT+0.0100%4h$854K$1.1M75xas long as short
Show all 16 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
MEXC CAKE_USDT+0.0100%4h$12.9M$2.4M125xas long as short
KuCoin CAKEUSDTM+0.0100%4h$2.6M$6.1M50xas long as short
Bitget CAKEUSDT+0.0100%4h$2.7M$2.7M75xas long as short
BingX CAKE-USDT+0.0100%4h$3.1Mas long as short
Variational Omni CAKE+0.0100%4h$492K$406Kas long as short
GMX CAKE/USD [WBTC.b-USDC]L +0.0423% / S −0.0272%1h$38K100xas long as short