Funding you earn now, next payment 10:00 UTC−0.0631%/8h= −69.1% APRpaid last 24h +0.183%
Price spread now: Kraken Futures against Bitget+0.568%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.837%+$84 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.568% dearer against Bitget than usual: you sell high and buy low (spread +0.568% now, against zero (this spread has no 7-day history yet)): +$57 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.837%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CAKEUSDT | 2.5134 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $2.6M | $2.0M | 75x |
| Short | Kraken Futures PF_CAKEUSD | 2.5277 | −0.0531 | pay 0.0066% / 1h | 55m 58s | $55K | $47K | 10x |
Bitget CAKEUSDT
Kraken Futures PF_CAKEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$132.48
- Price spread: +0.568% → 0.000%
- $56.78
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$97.7
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 1 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 1 min ago | 3.17 bp | 15.5 bp −$15 | 41.9 bp −$419 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 2.5121 | −0.052% | $5.4M | $3.1M | 50x | as long as short |
| Variational Omni CAKE | −0.0665% | 4h | 2.5185 | +0.203% | $521K | $408K | — | as long as short |
| Kraken Futures PF_CAKEUSDshort | −0.0531% | 1h | 2.5277 | +0.568% | $55K | $47K | 10x | |
| ApeX Omni CAKEUSDT | −0.0237% | 1h | 2.5226 | +0.366% | $11K | $672K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0148% | 4h | 2.5210 | +0.302% | $7K | $13K | 10x | as long as short |
| BloFin CAKE-USDT | +0.0024% | 4h | 2.5215 | +0.322% | $995K | $316K | 75x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.217% | $113 | $52K | 5.5x | as long as short |
| Aster CAKEUSDT | +0.0038% | 4h | 2.5161 | +0.106% | $2.3M | $160K | 10x | as long as short |
| MEXC CAKE_USDT | +0.0040% | 4h | 2.5133 | −0.004% | $15.6M | $2.7M | 125x | as long as short |
| Binance CAKEUSDT | +0.0044% | 4h | 2.5138 | +0.016% | $17.6M | $26.8M | 75x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
BloFin CAKE-USDT
Injective CAKE/USDC PERP
Aster CAKEUSDT
MEXC CAKE_USDT
Binance CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CAKE | +0.0100% | 1h | 2.5148 | +0.056% | $3.2M | $1.9M | 3x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5114 | −0.080% | $898K | $512K | 75x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5136 | +0.008% | $2.5M | $5.1M | 50x | as long as short |
| Bitget CAKEUSDTlong | +0.0100% | 4h | 2.5134 | long leg | $2.6M | $2.0M | 75x | |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5129 | −0.020% | — | $4.0M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0381% / S −0.0214% | 1h | 2.5237 | +0.411% | $37K | — | 100x | as long as short |
Hyperliquid CAKE
Gate CAKE_USDT
KuCoin CAKEUSDTM
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]