Funding arb · Price arb /

CAKE

all CAKE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0616%/8h= +67.5% APRpaid last 24h +0.253%

Price spread now: Kraken Futures against BloFin+0.143%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.546%+$55 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.143% dearer against BloFin than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CAKE-USDT	2.5454	0.0092	pay 0.0046% / 4h	3h 52m	$994K	$363K	75x
Short	Kraken Futures PF_CAKEUSD	2.5490	0.0709	get 0.0089% / 1h	52m 25s	$55K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.143%Rate

Funding earned: $129.46
Price spread: +0.143% → 0.000%: $14.28
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $121.74
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: BloFin: live order book, 15 min ago; Kraken Futures: 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, 15 min ago	0.79 bp	13.9 bp −$14	31.6 bp −$316	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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 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
ApeX Omni CAKEUSDT	−0.0363%	1h	2.5453	−0.004%	$13K	$697K	50x	as long as short
Orderly PERP_CAKE_USDC	+0.0022%	4h	2.5457	+0.012%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.055%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDTlong	+0.0092%	4h	2.5454	long leg	$994K	$363K	75x
Hyperliquid CAKE	+0.0100%	1h	2.5479	+0.098%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5461	+0.028%	$2.4M	$78K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5455	+0.004%	$18.2M	$35.7M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5434	−0.079%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5452	−0.008%	$891K	$679K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5452	−0.008%	$14.2M	$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
KuCoin CAKEUSDTM	+0.0100%	4h	2.5467	+0.051%	$2.5M	$5.5M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5465	+0.043%	$2.7M	$2.6M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5452	−0.008%	—	$3.6M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5452	−0.010%	$534K	$469K	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5468	+0.056%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSDshort	+0.0709%	1h	2.5490	+0.143%	$55K	$37K	10x