Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.019%
Price spread now: BingX against Injective−1.619%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 1.619% cheaper against Injective than usual: you would sell low and buy high (spread −1.619% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$162 on $10k: about 3 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour. The two prices were read 72 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 | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | pay 0.0004% / 1h | 50m 09s | $113 | $52K | 5.5x |
| Short | BingX CAKE-USDT | 2.5028 | 0.0100 | get 0.0050% / 4h | 3h 50m | — | $3.8M | — |
Injective CAKE/USDC PERP
BingX CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $14
- Price spread: −1.619% → 0.000%
- −$161.95
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$157.97
- Costs to cover
- 0.100%
- Break-even
- 86.0 days
Slippage unknown: Injective: no order-book sample; BingX: live order book, 10 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 BingX live order book, 10 min ago | 2.20 bp | 8.6 bp −$9 | 11.1 bp −$111 | 20.4 bp −$2,038 | 42.1 bp −$21.0K |
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 | −0.0494% | 4h | 2.5010 | −1.690% | $5.2M | $3.6M | 50x | as long as short |
| Orderly PERP_CAKE_USDC | +0.0011% | 4h | 2.5026 | −1.627% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPlong | +0.0033% | 1h | 2.5440 | long leg | $113 | $52K | 5.5x | |
| BloFin CAKE-USDT | +0.0061% | 4h | 2.5062 | −1.486% | $996K | $357K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5052 | −1.525% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5060 | −1.494% | $2.4M | $79K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5020 | −1.651% | $17.8M | $31.3M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5058 | −1.502% | $874K | $635K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5017 | −1.663% | $13.3M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5022 | −1.643% | $2.4M | $5.4M | 50x | as long as short |
Bybit CAKEUSDT
Orderly PERP_CAKE_USDC
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5061 | −1.490% | $2.5M | $2.4M | 75x | as long as short |
| BingX CAKE-USDTshort | +0.0100% | 4h | 2.5028 | −1.619% | — | $3.8M | — | |
| Variational Omni CAKE | +0.0100% | 4h | 2.5051 | −1.531% | $513K | $475K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5084 | −1.399% | $11K | $679K | 50x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0351% | 1h | 2.5142 | −1.171% | $53K | $38K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5047 | −1.546% | $37K | — | 100x | as long as short |
Bitget CAKEUSDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]