Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.019%
Price spread now: Bitget against Injective−1.171%91s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.036%+$4 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. Bitget is 1.171% cheaper against Injective than usual: you would sell low and buy high (spread −1.171% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$117 on $10k: about 59 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.036% in total) that is about 8 months. The two prices were read 91 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 | 13m 49s | $113 | $52K | 5.5x |
| Short | Bitget CAKEUSDT | 2.5142 | 0.0100 | get 0.0050% / 4h | 3h 13m | $2.6M | $2.0M | 75x |
Injective CAKE/USDC PERP
Bitget CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −1.171% → 0.000%
- −$117.14
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$115.16
- Costs to cover
- 0.120%
- Break-even
- 64.6 days
Slippage unknown: Injective: no order-book sample; Bitget: 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 Bitget live order book, 3 min ago | 2.38 bp | 12.0 bp −$12 | 31.5 bp −$315 | 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 | −0.1072% | 4h | 2.5160 | −1.101% | $5.4M | $3.1M | 50x | as long as short |
| Variational Omni CAKE | −0.0624% | 4h | 2.5166 | −1.076% | $520K | $408K | — | as long as short |
| Kraken Futures PF_CAKEUSD | −0.0280% | 1h | 2.5197 | −0.955% | $55K | $43K | 10x | as long as short |
| ApeX Omni CAKEUSDT | −0.0267% | 1h | 2.5156 | −1.116% | $11K | $670K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0145% | 4h | 2.5171 | −1.057% | $7K | $13K | 10x | as long as short |
| BloFin CAKE-USDT | +0.0023% | 4h | 2.5173 | −1.050% | $992K | $316K | 75x | as long as short |
| Injective CAKE/USDC PERPlong | +0.0033% | 1h | 2.5440 | long leg | $113 | $52K | 5.5x | |
| MEXC CAKE_USDT | +0.0052% | 4h | 2.5154 | −1.124% | $15.5M | $3.0M | 125x | as long as short |
| Binance CAKEUSDT | +0.0055% | 4h | 2.5154 | −1.124% | $17.6M | $26.7M | 75x | as long as short |
| KuCoin CAKEUSDTM | +0.0072% | 4h | 2.5174 | −1.046% | $2.5M | $5.1M | 50x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
BloFin CAKE-USDT
MEXC CAKE_USDT
Binance CAKEUSDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CAKE | +0.0100% | 1h | 2.5168 | −1.069% | $3.2M | $1.8M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5167 | −1.074% | $2.3M | $158K | 10x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5150 | −1.140% | $898K | $595K | 75x | as long as short |
| Bitget CAKEUSDTshort | +0.0100% | 4h | 2.5142 | −1.171% | $2.6M | $2.0M | 75x | |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5167 | −1.073% | — | $3.9M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0381% / S −0.0214% | 1h | 2.5178 | −1.031% | $37K | — | 100x | as long as short |
Hyperliquid CAKE
Aster CAKEUSDT
Gate CAKE_USDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]