CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against BloFin+0.096%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$19 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.096%, 7d avg +0.036%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bitget is 0.060% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.036%. Mind the row above: over the last 7 days funding on this pair cost −0.185%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CAKE-USDT	2.4929	0.0090	pay 0.0045% / 4h	2h 52m	$997K	$320K	75x
Short	Bitget CAKEUSDT	2.4953	0.0100	get 0.0050% / 4h	2h 52m	$2.5M	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now +0.096%Rate

Funding earned: $2.2
Price spread: +0.096% → +0.036%: $6.03
Slippage, 4 orders: −$32.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.15
Costs to cover: 0.564%
Break-even: 160.3 days

Slippage from BloFin: live order book, 39 min ago; Bitget: 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 BloFin live order book, 39 min ago	1.20 bp	9.8 bp −$10	19.6 bp −$196	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.01 bp	20.4 bp −$20	40.2 bp −$402	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	−0.0071%	4h	2.4932	+0.012%	$5.2M	$3.5M	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0017%	4h	2.4935	+0.024%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.050%	$113	$52K	5.5x	as long as short
KuCoin CAKEUSDTM	+0.0084%	4h	2.4936	+0.028%	$2.4M	$5.3M	50x	as long as short
BloFin CAKE-USDTlong	+0.0090%	4h	2.4929	long leg	$997K	$320K	75x
Hyperliquid CAKE	+0.0100%	1h	2.4948	+0.076%	$3.1M	$2.1M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4955	+0.106%	$2.3M	$80K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.4947	+0.071%	$17.6M	$31.2M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4922	−0.028%	$866K	$605K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.4946	+0.068%	$13.2M	$2.8M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDTshort	+0.0100%	4h	2.4953	+0.096%	$2.5M	$2.4M	75x
BingX CAKE-USDT	+0.0100%	4h	2.4942	+0.052%	—	$3.8M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.4861	−0.274%	$509K	$470K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.4881	−0.193%	$10K	$678K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0415% / S −0.0269%	1h	2.4946	+0.070%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0704%	1h	2.4949	+0.079%	$52K	$37K	10x	as long as short