Funding you earn now, next payment 04:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against BingX+0.068%66s7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as 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−$410.411% of the position
Funding, last 7 days+0.287%+$29 on $10k
+Price spread, last 4 days (all we have)−0.846%−$85 · spread now +0.068%, 7d avg +0.004%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.064% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 66 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 | BingX CAKE-USDT | 2.5179 | 0.0100 | pay 0.0050% / 4h | 1h 11m | — | $3.7M | — |
| Short | BloFin CAKE-USDT | 2.5196 | 0.0123 | get 0.0062% / 4h | 1h 11m | $852K | $361K | 75x |
BingX CAKE-USDT
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $4.84
- Price spread: +0.068% → +0.004%
- $6.35
- Slippage, 4 orders
- −$19.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$29.96
- Costs to cover
- 0.411%
- Break-even
- 50.3 days
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 30 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 BingX live order book, 3 min ago | 3.18 bp | 9.5 bp −$10 | 11.4 bp −$114 | 24.6 bp −$2,457 | 46.7 bp −$23.4K |
| Sell BloFin live order book, 30 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 | +0.0015% | 4h | 2.5182 | +0.012% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.037% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5197 | +0.071% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5196 | +0.066% | $2.4M | $72K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5179 | +0.001% | $18.0M | $31.3M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5170 | −0.036% | $5.3M | $3.6M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5178 | −0.004% | $877K | $649K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5176 | −0.012% | $13.7M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5198 | +0.075% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5189 | +0.040% | $2.6M | $2.3M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAKE-USDTlong | +0.0100% | 4h | 2.5179 | long leg | — | $3.7M | — | |
| Variational Omni CAKE | +0.0100% | 4h | 2.5185 | +0.024% | $522K | $470K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5192 | +0.052% | $11K | $681K | 50x | as long as short |
| BloFin CAKE-USDTshort | +0.0123% | 4h | 2.5196 | +0.068% | $852K | $361K | 75x | |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0417% / S −0.0269% | 1h | 2.5195 | +0.065% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.1550% | 1h | 2.5202 | +0.091% | $54K | $37K | 10x | as long as short |
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD