Funding arb · Price arb /

CAKE

all CAKE markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aster against Bitget+0.026%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$930.931% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days+0.045%+$5 · spread now +0.026%, 7d avg +0.074%

Together, before fees+0.114%+ Points / potential airdropAster: Stage 5 · farm board+$11 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: Aster is 0.049% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CAKEUSDT	2.5588	0.0100	pay 0.0050% / 4h	54m 44s	$2.7M	$2.7M	75x
Short	Aster CAKEUSDT	2.5595	0.0100	get 0.0050% / 4h	54m 44s	$2.4M	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.074%: −$4.86
Slippage, 4 orders: −$73.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$97.97
Costs to cover: 0.931%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Aster: live order book, 4 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 Bitget live order book, 3 min ago	2.15 bp	12.9 bp −$13	23.4 bp −$234	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	3.91 bp	19.5 bp −$19	1486.9 bp −$14.9K	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	+0.0026%	4h	2.5568	−0.078%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.578%	$113	$52K	5.5x	as long as short
ApeX Omni CAKEUSDT	+0.0048%	1h	2.5572	−0.063%	$13K	$699K	50x	as long as short
BloFin CAKE-USDT	+0.0068%	4h	2.5573	−0.059%	$999K	$364K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5611	+0.090%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDTshort	+0.0100%	4h	2.5595	+0.026%	$2.4M	$80K	10x
Binance CAKEUSDT	+0.0100%	4h	2.5571	−0.066%	$18.4M	$36.4M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5569	−0.074%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5564	−0.094%	$894K	$751K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5570	−0.070%	$14.1M	$2.7M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.5581	−0.027%	$2.5M	$5.6M	50x	as long as short
Bitget CAKEUSDTlong	+0.0100%	4h	2.5588	long leg	$2.7M	$2.7M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5571	−0.066%	—	$3.6M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5562	−0.103%	$536K	$480K	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5589	+0.004%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0750%	1h	2.5596	+0.032%	$57K	$37K	10x	as long as short