Funding arb · Price arb /

CAKE

all CAKE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.045%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.045%, 7d avg −0.007%

Together, before fees−0.081%−$8 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 0.053% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CAKEUSDT	2.5033	0.0100	pay 0.0050% / 4h	3h 56m	$17.9M	$31.3M	75x
Short	Bitget CAKEUSDT	2.5044	0.0100	get 0.0050% / 4h	3h 56m	$2.5M	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.007%: $5.27
Slippage, 4 orders: −$39.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.29
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from Binance: live order book, 16 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 Binance live order book, 16 min ago	0.20 bp	12.4 bp −$12	36.5 bp −$365	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.80 bp	20.0 bp −$20	61.6 bp −$616	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
Bybit CAKEUSDT	−0.0749%	4h	2.5020	−0.050%	$5.2M	$3.6M	50x	as long as short
Orderly PERP_CAKE_USDC	+0.0014%	4h	2.5037	+0.017%	$7K	$14K	10x	as long as short
ApeX Omni CAKEUSDT	+0.0027%	1h	2.5042	+0.037%	$11K	$678K	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.627%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5065	+0.129%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5042	+0.035%	$2.4M	$79K	10x	as long as short
Binance CAKEUSDTlong	+0.0100%	4h	2.5033	long leg	$17.9M	$31.3M	75x
Gate CAKE_USDT	+0.0100%	4h	2.5016	−0.066%	$872K	$635K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5044	+0.045%	$13.3M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5033	+0.001%	$2.4M	$5.4M	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	2.5044	+0.045%	$2.5M	$2.4M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5042	+0.037%	—	$3.8M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5021	−0.048%	$512K	$475K	—	as long as short
BloFin CAKE-USDT	+0.0140%	4h	2.5011	−0.086%	$993K	$356K	75x	as long as short
Kraken Futures PF_CAKEUSD	+0.0352%	1h	2.5064	+0.124%	$52K	$38K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0415% / S −0.0269%	1h	2.5046	+0.052%	$37K	—	100x	as long as short