Funding you earn now, next payment 09:00 UTC−0.0294%/8h= −32.2% APRnext payment −$0.37 per $10,000 · paid last 24h −0.004%
Price spread now: ApeX Omni against Injective−2.075%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.080%−$8 on $10k
+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 −$9 a day on $10k at the current rate, and ApeX Omni is 2.075% cheaper against Injective than usual: you would sell low and buy high (−$208 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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 | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | pay 0.0004% / 1h | 30m 36s | $113 | $52K | 5.5x |
| Short | ApeX Omni CAKEUSDT | 2.4912 | −0.0261 | pay 0.0033% / 1h | 30m 36s | $11K | $670K | 50x |
Injective CAKE/USDC PERP
ApeX Omni CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Injective. 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
- −$61.84
- Price spread: −2.075% → 0.000%
- −$207.55
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$279.4
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 3 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 Injective no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 3 min ago | 7.02 bp | 14.2 bp −$14 | 104.1 bp −$1,041 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | −0.1640% | 4h | 2.4900 | −2.123% | $5.3M | $3.1M | 50x | as long as short |
| Variational Omni CAKE | −0.0565% | 4h | 2.4896 | −2.139% | $514K | $418K | — | as long as short |
| Kraken Futures PF_CAKEUSD | −0.0282% | 1h | 2.4940 | −1.963% | $55K | $43K | 10x | as long as short |
| ApeX Omni CAKEUSDTshort | −0.0261% | 1h | 2.4912 | −2.075% | $11K | $670K | 50x | |
| Orderly PERP_CAKE_USDC | −0.0141% | 4h | 2.4921 | −2.040% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPlong | +0.0033% | 1h | 2.5440 | long leg | $113 | $52K | 5.5x | |
| MEXC CAKE_USDT | +0.0044% | 4h | 2.4906 | −2.099% | $15.2M | $2.9M | 125x | as long as short |
| Binance CAKEUSDT | +0.0046% | 4h | 2.4908 | −2.091% | $17.5M | $27.0M | 75x | as long as short |
| KuCoin CAKEUSDTM | +0.0068% | 4h | 2.4912 | −2.075% | $2.4M | $5.1M | 50x | as long as short |
| BloFin CAKE-USDT | +0.0098% | 4h | 2.4916 | −2.060% | $989K | $314K | 75x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
Orderly PERP_CAKE_USDC
MEXC CAKE_USDT
Binance CAKEUSDT
KuCoin CAKEUSDTM
BloFin CAKE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CAKE | +0.0100% | 1h | 2.4930 | −2.005% | $3.1M | $1.8M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4931 | −2.000% | $2.3M | $107K | 10x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4892 | −2.154% | $888K | $591K | 75x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4906 | −2.099% | $2.6M | $2.0M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4897 | −2.134% | — | $3.8M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0380% / S −0.0214% | 1h | 2.4947 | −1.937% | $37K | — | 100x | as long as short |
Hyperliquid CAKE
Aster CAKEUSDT
Gate CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]