Funding you earn now, next payment 11:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.014%
Price spread now: Injective against BloFin+1.695%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−0.218%−$22 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. Injective is 1.695% dearer against BloFin than usual: you sell high and buy low (spread +1.695% now, against zero (this spread has no 7-day history yet)): +$169 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9 months. At the pace of the last 7 days (−0.218% in total) that is about 54 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CAKE-USDT | 2.5016 | 0.0054 | pay 0.0027% / 4h | 1h 54m | $1.0M | $307K | 75x |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 54m 55s | $113 | $52K | 5.5x |
BloFin CAKE-USDT
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$4.44
- Price spread: +1.695% → 0.000%
- $169.49
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $153.03
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: BloFin: live order book, just now; Injective: 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 BloFin live order book, just now | 0.40 bp | 12.9 bp −$13 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CAKE | −0.0149% | 4h | 2.5029 | +0.050% | $495K | $426K | — | as long as short |
| Orderly PERP_CAKE_USDC | −0.0093% | 4h | 2.5016 | 0.000% | $7K | $13K | 10x | as long as short |
| Kraken Futures PF_CAKEUSD | −0.0005% | 1h | 2.5058 | +0.170% | $56K | $45K | 10x | as long as short |
| Aster CAKEUSDT | +0.0004% | 4h | 2.5017 | +0.005% | $2.3M | $177K | 10x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | +1.695% | $113 | $52K | 5.5x | |
| BloFin CAKE-USDTlong | +0.0054% | 4h | 2.5016 | long leg | $1.0M | $307K | 75x | |
| BingX CAKE-USDT | +0.0070% | 4h | 2.5019 | +0.012% | — | $4.2M | — | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5040 | +0.096% | $3.1M | $1.3M | 3x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5010 | −0.022% | $17.5M | $25.4M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5013 | −0.012% | $5.4M | $3.0M | 50x | as long as short |
Variational Omni CAKE
Orderly PERP_CAKE_USDC
Kraken Futures PF_CAKEUSD
Aster CAKEUSDT
BingX CAKE-USDT
Hyperliquid CAKE
Binance CAKEUSDT
Bybit CAKEUSDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CAKE_USDT | +0.0100% | 4h | 2.5014 | −0.008% | $899K | $512K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5013 | −0.012% | $15.6M | $2.6M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5022 | +0.024% | $2.4M | $5.2M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5017 | +0.004% | $2.6M | $2.0M | 75x | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5028 | +0.048% | $11K | $669K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0379% / S −0.0214% | 1h | 2.5027 | +0.042% | $37K | — | 100x | as long as short |
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDT
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]