Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.017%
Price spread now: Orderly against BloFin−0.119%412s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.119% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 412 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 | 2.5243 | 0.0087 | pay 0.0043% / 4h | 2h 42m | $992K | $360K | 75x |
| Short | Orderly PERP_CAKE_USDC | 2.5213 | 0.0022 | get 0.0011% / 4h | 2h 42m | $7K | $14K | 10x |
BloFin CAKE-USDT
Orderly PERP_CAKE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$13.47
- Price spread: −0.119% → 0.000%
- −$11.88
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$43.36
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 20 min ago; Orderly: 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, 20 min ago | 2.76 bp | 12.0 bp −$12 | 26.1 bp −$261 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | +0.0012% | 1h | 2.5228 | −0.059% | $11K | $699K | 50x | as long as short |
| Orderly PERP_CAKE_USDCshort | +0.0022% | 4h | 2.5213 | −0.119% | $7K | $14K | 10x | |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.780% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDTlong | +0.0087% | 4h | 2.5243 | long leg | $992K | $360K | 75x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5252 | +0.036% | $3.2M | $2.6M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5238 | −0.018% | $2.4M | $75K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5216 | −0.105% | $18.0M | $34.3M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5202 | −0.162% | $5.3M | $3.8M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5226 | −0.067% | $882K | $664K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5222 | −0.083% | $13.8M | $2.8M | 125x | as long as short |
ApeX Omni CAKEUSDT
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5226 | −0.067% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5213 | −0.119% | $2.6M | $2.5M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5218 | −0.099% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5216 | −0.107% | $536K | $459K | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0417% / S −0.0269% | 1h | 2.5227 | −0.062% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0826% | 1h | 2.5355 | +0.442% | $55K | $37K | 10x | as long as short |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD