CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.004%

Price spread now: BingX against Binance+0.066%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 7 days−0.087%−$9 · spread now +0.066%, 7d avg −0.013%

Together, before fees−0.226%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.079% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.138%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CAKEUSDT	2.5228	0.0053	pay 0.0027% / 4h	3h 03m	$17.6M	$26.9M	75x
Short	BingX CAKE-USDT	2.5245	0.0100	get 0.0050% / 4h	3h 03m	—	$3.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $9.79
Price spread: +0.066% → −0.013%: $7.92
Slippage, 4 orders: −$18.61
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$20.9
Costs to cover: 0.386%
Break-even: 21.9 days

Slippage from Binance: live order book, 8 min ago; BingX: live order book, 7 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 Binance live order book, 8 min ago	0.60 bp	11.5 bp −$11	28.0 bp −$280	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	2.98 bp	9.0 bp −$9	11.6 bp −$116	19.9 bp −$1,990	42.4 bp −$21.2K

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	−0.0973%	4h	2.5234	+0.022%	$5.4M	$3.1M	50x	as long as short
Variational Omni CAKE	−0.0643%	4h	2.5191	−0.149%	$521K	$408K	—	as long as short
Kraken Futures PF_CAKEUSD	−0.0279%	1h	2.5275	+0.185%	$53K	$45K	10x	as long as short
ApeX Omni CAKEUSDT	−0.0242%	1h	2.5239	+0.042%	$11K	$672K	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0149%	4h	2.5262	+0.133%	$7K	$13K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+0.839%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0046%	4h	2.5263	+0.137%	$994K	$317K	75x	as long as short
MEXC CAKE_USDT	+0.0048%	4h	2.5247	+0.074%	$15.6M	$3.0M	125x	as long as short
Binance CAKEUSDTlong	+0.0053%	4h	2.5228	long leg	$17.6M	$26.9M	75x
Aster CAKEUSDT	+0.0072%	4h	2.5273	+0.177%	$2.4M	$160K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CAKE	+0.0100%	1h	2.5269	+0.161%	$3.2M	$1.9M	3x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5236	+0.030%	$901K	$597K	75x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5253	+0.098%	$2.5M	$5.1M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5246	+0.070%	$2.6M	$2.0M	75x	as long as short
BingX CAKE-USDTshort	+0.0100%	4h	2.5245	+0.066%	—	$3.9M	—
GMX CAKE/USD [WBTC.b-USDC]	L +0.0381% / S −0.0214%	1h	2.5277	+0.194%	$37K	—	100x	as long as short