CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.002%

Price spread now: Variational Omni against BloFin−0.137%7-day average −0.010% · you buy dearer than you sell

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.108%−$11 on $10k

Price spread, last 3 days (all we have)+0.310%+$31 · spread now −0.137%, 7d avg −0.010%

Together, before fees+0.203%+ Points / potential airdropVariational Omni: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.127% cheaper against BloFin than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.010%). If the spread goes back, that is −$13 on $10k: about 18 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.108%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CAKE-USDT	2.5486	0.0077	pay 0.0038% / 4h	3h 34m	$996K	$365K	75x
Short	Variational Omni CAKE	2.5451	0.0100	get 0.0050% / 4h	3h 34m	$534K	$469K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.137%Rate

Funding earned: $4.84
Price spread: −0.137% → −0.010%: −$12.71
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.87
Costs to cover: 0.120%
Break-even: 35.8 days

Slippage unknown: BloFin: live order book, 32 min ago; Variational Omni: RFQ quote, 39 min ago. 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, 32 min ago	0.79 bp	13.9 bp −$14	31.6 bp −$316	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 39 min ago	4.66 bp	doesn't fit	48.8 bp −$488	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	+0.0023%	4h	2.5462	−0.094%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.180%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDTlong	+0.0077%	4h	2.5486	long leg	$996K	$365K	75x
Hyperliquid CAKE	+0.0100%	1h	2.5511	+0.098%	$3.2M	$2.6M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5483	−0.013%	$2.4M	$78K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5478	−0.030%	$18.2M	$35.5M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5450	−0.141%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5480	−0.024%	$893K	$681K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5478	−0.031%	$14.1M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5472	−0.055%	$2.5M	$5.5M	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	2.5498	+0.047%	$2.7M	$2.6M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5468	−0.071%	—	$3.6M	—	as long as short
Variational Omni CAKEshort	+0.0100%	4h	2.5451	−0.137%	$534K	$469K	—
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5510	+0.094%	$11K	$698K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5468	−0.069%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0708%	1h	2.5515	+0.115%	$55K	$37K	10x	as long as short