Funding you earn now, next payment 08:00 UTC+0.0150%/8h= +16.5% APRnext payment +$0.75 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.004%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1151.150% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.004%, 7d avg +0.017%
=The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CAKEUSDT | 2.4850 | −0.0050 | get 0.0025% / 4h | 3h 02m | $5.1M | $3.5M | 50x |
| Short | Gate CAKE_USDT | 2.4851 | 0.0100 | get 0.0050% / 4h | 3h 02m | $864K | $638K | 75x |
Bybit CAKEUSDT
Gate CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- $31.57
- Price spread: +0.004% → +0.017%
- −$1.27
- Slippage, 4 orders
- −$88.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$84.69
- Costs to cover
- 1.150%
- Break-even
- 25.8 days
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 49 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 Bybit live order book, 5 min ago | 4.02 bp | 20.0 bp −$20 | 53.5 bp −$535 | doesn't fit | doesn't fit |
| Sell Gate live order book, 49 min ago | 4.79 bp | 31.4 bp −$31 | 125.5 bp −$1,255 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDT | −0.0081% | 1h | 2.4909 | +0.237% | $11K | $676K | 50x | as long as short |
| Bybit CAKEUSDTlong | −0.0050% | 4h | 2.4850 | long leg | $5.1M | $3.5M | 50x | |
| Orderly PERP_CAKE_USDC | −0.0010% | 4h | 2.4874 | +0.097% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +2.374% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0097% | 4h | 2.4864 | +0.056% | $987K | $336K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4874 | +0.097% | $3.1M | $2.2M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4889 | +0.158% | $2.3M | $78K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4859 | +0.036% | $17.7M | $31.0M | 75x | as long as short |
| Gate CAKE_USDTshort | +0.0100% | 4h | 2.4851 | +0.004% | $864K | $638K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4860 | +0.040% | $13.2M | $2.8M | 125x | as long as short |
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
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 | 2.4859 | +0.036% | $2.4M | $5.4M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4883 | +0.133% | $2.5M | $2.4M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4863 | +0.052% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.4901 | +0.204% | $510K | $470K | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0354% | 1h | 2.4916 | +0.267% | $52K | $37K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0414% / S −0.0269% | 1h | 2.4879 | +0.118% | $37K | — | 100x | as long as short |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]