Funding arb · Price arb /

CAKE

all CAKE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0279%/8h= +30.6% APRpaid last 24h +0.202%

Price spread now: Kraken Futures against Aster+0.038%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.753%+$75 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.038% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CAKEUSDT	2.5028	0.0100	pay 0.0050% / 4h	1h 03m	$2.4M	$77K	10x
Short	Kraken Futures PF_CAKEUSD	2.5037	0.0379	get 0.0047% / 1h	3m 36s	$51K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.038%Rate

Funding earned: $58.61
Price spread: +0.038% → 0.000%: $3.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $44.36
Costs to cover: 0.180%
Break-even: 1.7 days

Slippage unknown: Aster: live order book, 5 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 Aster live order book, 5 min ago	2.80 bp	29.2 bp −$29	1261.7 bp −$12.6K	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
Bybit CAKEUSDT	−0.0217%	4h	2.4993	−0.140%	$5.2M	$3.3M	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0109%	4h	2.5016	−0.048%	$7K	$14K	10x	as long as short
Variational Omni CAKE	−0.0060%	4h	2.5021	−0.030%	$512K	$416K	—	as long as short
KuCoin CAKEUSDTM	−0.0054%	4h	2.5020	−0.032%	$2.4M	$5.2M	50x	as long as short
ApeX Omni CAKEUSDT	+0.0001%	1h	2.5046	+0.072%	$11K	$675K	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.646%	$113	$52K	5.5x	as long as short
MEXC CAKE_USDT	+0.0098%	4h	2.5003	−0.100%	$13.3M	$2.7M	125x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5028	+0.001%	$3.1M	$1.8M	3x	as long as short
Aster CAKEUSDTlong	+0.0100%	4h	2.5028	long leg	$2.4M	$77K	10x
Binance CAKEUSDT	+0.0100%	4h	2.5002	−0.103%	$17.7M	$29.0M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CAKE_USDT	+0.0100%	4h	2.5011	−0.068%	$879K	$597K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5020	−0.032%	$2.5M	$2.1M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5005	−0.092%	—	$3.8M	—	as long as short
BloFin CAKE-USDT	+0.0120%	4h	2.5019	−0.036%	$990K	$311K	75x	as long as short
Kraken Futures PF_CAKEUSDshort	+0.0379%	1h	2.5037	+0.038%	$51K	$33K	10x
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5029	+0.003%	$37K	—	100x	as long as short