Funding you earn now, next payment 00:00 UTC+0.0045%/8hnext payment +$0.22 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BloFin−0.197%52s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as 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−$700.704% of the position
Funding, last 7 days−0.320%−$32 on $10k
+Price spread, last 3 days (all we have)+0.329%+$33 · spread now −0.197%, 7d avg −0.022%
=Funding pays, the price is against you. Bybit is 0.175% cheaper against BloFin than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.022%). If the spread goes back, that is −$18 on $10k: about 13 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.320%, so the current rate has only just turned in your favour. The two prices were read 52 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 | BloFin CAKE-USDT | 2.5380 | 0.0055 | pay 0.0028% / 4h | 3h 54m | $987K | $371K | 75x |
| Short | Bybit CAKEUSDT | 2.5330 | 0.0100 | get 0.0050% / 4h | 3h 54m | $5.2M | $4.4M | 50x |
BloFin CAKE-USDT
Bybit CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- $9.38
- Price spread: −0.197% → −0.022%
- −$17.53
- Slippage, 4 orders
- −$47.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$78.5
- Costs to cover
- 0.704%
- Break-even
- 65.6 days
Slippage from BloFin: live order book, 37 min ago; Bybit: live order book, 3 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, 37 min ago | 0.20 bp | 11.4 bp −$11 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.94 bp | 21.5 bp −$22 | 68.5 bp −$685 | 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 | −0.0002% | 4h | 2.5338 | −0.165% | $7K | $15K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.236% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDTlong | +0.0055% | 4h | 2.5380 | long leg | $987K | $371K | 75x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5371 | −0.035% | $2.4M | $117K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5331 | −0.193% | $17.9M | $40.8M | 75x | as long as short |
| Bybit CAKEUSDTshort | +0.0100% | 4h | 2.5330 | −0.197% | $5.2M | $4.4M | 50x | |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5331 | −0.193% | $873K | $822K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5328 | −0.205% | $13.9M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5354 | −0.102% | $2.5M | $5.9M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5345 | −0.138% | $2.8M | $3.1M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Aster CAKEUSDT
Binance 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-USDT | +0.0100% | 4h | 2.5336 | −0.173% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5371 | −0.037% | $541K | $514K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5390 | +0.039% | $13K | $695K | 50x | as long as short |
| Hyperliquid CAKE | +0.0240% | 1h | 2.5373 | −0.028% | $3.0M | $3.5M | 3x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0399% | 1h | 2.5371 | −0.035% | $56K | $45K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0419% / S −0.0272% | 1h | 2.5334 | −0.181% | $38K | — | 100x | as long as short |
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
Hyperliquid CAKE
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]