Funding you earn now, next payment 08:00 UTC+0.0340%/8h= +37.3% APRnext payment +$1.70 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit+0.068%7-day average +0.052% · 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−$110as in the Price arb table
costs, in and out, $10k−$1121.121% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 7 days−0.092%−$9 · spread now +0.068%, 7d avg +0.052%
=The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.127% in total (about 6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CAKEUSDT | 2.5000 | −0.0468 | get 0.0234% / 4h | 1h 28m | $5.2M | $3.4M | 50x |
| Short | KuCoin CAKEUSDTM | 2.5017 | −0.0128 | pay 0.0064% / 4h | 1h 28m | $2.4M | $5.2M | 50x |
Bybit CAKEUSDT
KuCoin CAKEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $71.49
- Price spread: +0.068% → +0.052%
- $1.62
- Slippage, 4 orders
- −$89.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$39
- Costs to cover
- 1.121%
- Break-even
- 10.8 days
Slippage from Bybit: live order book, 9 min ago; KuCoin: live order book, 9 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, 9 min ago | 2.00 bp | 24.4 bp −$24 | 52.5 bp −$525 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 3.40 bp | 35.8 bp −$36 | 102.6 bp −$1,026 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDTlong | −0.0468% | 4h | 2.5000 | long leg | $5.2M | $3.4M | 50x | |
| Variational Omni CAKE | −0.0283% | 4h | 2.4971 | −0.117% | $513K | $417K | — | as long as short |
| ApeX Omni CAKEUSDT | −0.0263% | 1h | 2.4982 | −0.072% | $11K | $675K | 50x | as long as short |
| KuCoin CAKEUSDTMshort | −0.0128% | 4h | 2.5017 | +0.068% | $2.4M | $5.2M | 50x | |
| Orderly PERP_CAKE_USDC | −0.0102% | 4h | 2.5025 | +0.100% | $7K | $14K | 10x | as long as short |
| BloFin CAKE-USDT | +0.0015% | 4h | 2.5014 | +0.056% | $990K | $314K | 75x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.760% | $113 | $52K | 5.5x | as long as short |
| MEXC CAKE_USDT | +0.0050% | 4h | 2.5006 | +0.024% | $13.3M | $2.7M | 125x | as long as short |
| Binance CAKEUSDT | +0.0051% | 4h | 2.5005 | +0.020% | $17.6M | $29.5M | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5038 | +0.152% | $3.1M | $1.9M | 3x | as long as short |
Variational Omni CAKE
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
BloFin CAKE-USDT
Injective CAKE/USDC PERP
MEXC CAKE_USDT
Binance CAKEUSDT
Hyperliquid CAKEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CAKEUSDT | +0.0100% | 4h | 2.5026 | +0.103% | $2.4M | $77K | 10x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4997 | −0.012% | $865K | $588K | 75x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5022 | +0.088% | $2.5M | $2.2M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5002 | +0.008% | — | $3.8M | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0379% | 1h | 2.5044 | +0.177% | $52K | $34K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.4998 | −0.007% | $37K | — | 100x | as long as short |
Aster CAKEUSDT
Gate CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]