Funding arb · Price arb /

CAKE

all CAKE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Aster+0.047%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$840.836% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days−0.158%−$16 · spread now +0.047%, 7d avg −0.073%

Together, before fees−0.227%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.120% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CAKEUSDT	2.5059	0.0100	pay 0.0050% / 4h	50m 56s	$2.4M	$72K	10x
Short	Bitget CAKEUSDT	2.5071	0.0100	get 0.0050% / 4h	50m 56s	$2.6M	$2.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → −0.073%: $12.02
Slippage, 4 orders: −$63.58
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$71.56
Costs to cover: 0.836%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Bitget: live order book, 1 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 Aster live order book, 2 min ago	3.39 bp	29.1 bp −$29	1113.6 bp −$11.1K	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.59 bp	20.6 bp −$21	38.8 bp −$388	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
Orderly PERP_CAKE_USDC	+0.0015%	4h	2.5032	−0.108%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.520%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0067%	4h	2.5029	−0.120%	$1.0M	$366K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5064	+0.019%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDTlong	+0.0100%	4h	2.5059	long leg	$2.4M	$72K	10x
Binance CAKEUSDT	+0.0100%	4h	2.5048	−0.043%	$17.9M	$31.3M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5040	−0.077%	$5.2M	$3.6M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5025	−0.136%	$872K	$641K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5050	−0.037%	$13.6M	$2.9M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5060	+0.003%	$2.4M	$5.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDTshort	+0.0100%	4h	2.5071	+0.047%	$2.6M	$2.3M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5049	−0.041%	—	$3.7M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5016	−0.174%	$519K	$469K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5082	+0.091%	$11K	$679K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5047	−0.048%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0750%	1h	2.5065	+0.021%	$54K	$37K	10x	as long as short