Funding you earn now, next payment 04:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.09 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Binance+0.060%81s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.758%−$76 · spread now +0.060%, 7d avg −0.007%
=The price spread pays, funding is against you. BloFin is 0.067% dearer against Binance than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.007%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.139%, so the current rate has only just turned against you. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CAKEUSDT | 2.5191 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $18.0M | $31.3M | 75x |
| Short | BloFin CAKE-USDT | 2.5206 | 0.0081 | get 0.0041% / 4h | 1h 09m | $852K | $362K | 75x |
Binance CAKEUSDT
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.98
- Price spread: +0.060% → −0.007%
- $6.66
- Slippage, 4 orders
- −$22.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$42.13
- Costs to cover
- 0.448%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; BloFin: live order book, 32 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, 2 min ago | 0.20 bp | 10.5 bp −$11 | 23.5 bp −$235 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 32 min ago | 0.40 bp | 10.4 bp −$10 | 20.2 bp −$202 | 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 | +0.0016% | 4h | 2.5203 | +0.048% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.988% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDTshort | +0.0081% | 4h | 2.5206 | +0.060% | $852K | $362K | 75x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5210 | +0.075% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5227 | +0.141% | $2.4M | $72K | 10x | as long as short |
| Binance CAKEUSDTlong | +0.0100% | 4h | 2.5191 | long leg | $18.0M | $31.3M | 75x | |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5180 | −0.044% | $5.3M | $3.6M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5196 | +0.020% | $878K | $649K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5192 | +0.004% | $13.7M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5211 | +0.079% | $2.4M | $5.5M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5208 | +0.067% | $2.6M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5199 | +0.032% | — | $3.7M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5175 | −0.063% | $522K | $469K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5188 | −0.012% | $11K | $681K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0417% / S −0.0269% | 1h | 2.5215 | +0.094% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.1548% | 1h | 2.5233 | +0.165% | $54K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD