CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.17 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BloFin0.000%63s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as 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−$980.984% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 3 days (all we have)+0.408%+$41 · spread now 0.000%, 7d avg −0.001%

Together, before fees+0.260%+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.148%, so the current rate has only just turned in your favour. The two prices were read 63 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	2.5505	0.0065	pay 0.0033% / 4h	2h 12m	$998K	$356K	75x
Short	Gate CAKE_USDT	2.5505	0.0100	get 0.0050% / 4h	2h 12m	$890K	$861K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $7.29
Price spread: 0.000% → −0.001%: $0.14
Slippage, 4 orders: −$71.36
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$90.94
Costs to cover: 0.984%
Break-even: 94.4 days

Slippage from BloFin: live order book, 10 min ago; Gate: live order book, 10 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, 10 min ago	0.19 bp	8.4 bp −$8	18.3 bp −$183	doesn't fit	doesn't fit
Sell Gate live order book, 10 min ago	2.15 bp	35.7 bp −$36	86.4 bp −$864	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	+0.0014%	4h	2.5488	−0.067%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.255%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDTlong	+0.0065%	4h	2.5505	long leg	$998K	$356K	75x
Hyperliquid CAKE	+0.0100%	1h	2.5528	+0.089%	$3.2M	$3.3M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5518	+0.050%	$2.4M	$90K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5487	−0.070%	$18.3M	$38.6M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5470	−0.137%	$5.3M	$4.1M	50x	as long as short
Gate CAKE_USDTshort	+0.0100%	4h	2.5505	0.000%	$890K	$861K	75x
MEXC CAKE_USDT	+0.0100%	4h	2.5493	−0.047%	$14.2M	$2.9M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5507	+0.008%	$2.5M	$5.7M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	2.5496	−0.035%	$2.7M	$2.8M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5482	−0.090%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5534	+0.113%	$546K	$497K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5543	+0.149%	$13K	$697K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0420% / S −0.0272%	1h	2.5502	−0.012%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0496%	1h	2.5573	+0.266%	$57K	$38K	10x	as long as short