CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget−0.088%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$950.953% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.088%, 7d avg +0.037%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.125% cheaper against Bitget than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CAKEUSDT	2.4919	0.0100	pay 0.0050% / 4h	3h 33m	$2.6M	$2.0M	75x
Short	KuCoin CAKEUSDTM	2.4897	0.0070	get 0.0035% / 4h	3h 33m	$2.4M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$6.3
Price spread: −0.088% → +0.037%: −$12.5
Slippage, 4 orders: −$71.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$114.09
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 5 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, 4 min ago	2.61 bp	13.9 bp −$14	35.3 bp −$353	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	4.21 bp	38.3 bp −$38	100.7 bp −$1,007	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	−0.1594%	4h	2.4909	−0.040%	$5.3M	$3.1M	50x	as long as short
Variational Omni CAKE	−0.0518%	4h	2.4901	−0.073%	$515K	$421K	—	as long as short
Kraken Futures PF_CAKEUSD	−0.0283%	1h	2.4934	+0.061%	$55K	$44K	10x	as long as short
ApeX Omni CAKEUSDT	−0.0189%	1h	2.4935	+0.064%	$11K	$670K	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0138%	4h	2.4902	−0.068%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.091%	$113	$52K	5.5x	as long as short
MEXC CAKE_USDT	+0.0044%	4h	2.4922	+0.012%	$15.2M	$2.9M	125x	as long as short
Binance CAKEUSDT	+0.0046%	4h	2.4928	+0.036%	$17.5M	$27.0M	75x	as long as short
BloFin CAKE-USDT	+0.0046%	4h	2.4913	−0.024%	$989K	$314K	75x	as long as short
KuCoin CAKEUSDTMshort	+0.0070%	4h	2.4897	−0.088%	$2.4M	$5.1M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CAKE	+0.0100%	1h	2.4947	+0.112%	$3.1M	$1.8M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4932	+0.052%	$2.3M	$107K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4911	−0.032%	$888K	$590K	75x	as long as short
Bitget CAKEUSDTlong	+0.0100%	4h	2.4919	long leg	$2.6M	$2.0M	75x
BingX CAKE-USDT	+0.0100%	4h	2.4918	−0.004%	—	$3.8M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0380% / S −0.0214%	1h	2.4927	+0.031%	$37K	—	100x	as long as short