CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0715%/8h= +78.3% APRnext payment +$0.89 per $10,000 · paid last 24h +0.286%

Price spread now: Kraken Futures against Injective+0.803%63s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.752%+$75 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.803% dearer against Injective than usual: you sell high and buy low: +$80 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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	19m 44s	$113	$52K	5.5x
Short	Kraken Futures PF_CAKEUSD	2.5644	0.0749	get 0.0094% / 1h	19m 44s	$55K	$39K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +0.803%Rate

Funding earned: $150.25
Price spread: +0.803% → 0.000%: $80.31
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $220.54
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: no order-book sample. 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 Kraken Futures no order-book sample	—	—	—	—	—

Injective and Kraken Futures: 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
ApeX Omni CAKEUSDT	−0.0130%	1h	2.5563	+0.483%	$13K	$698K	50x	as long as short
Orderly PERP_CAKE_USDC	+0.0025%	4h	2.5605	+0.649%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERPlong	+0.0033%	1h	2.5440	long leg	$113	$52K	5.5x
Hyperliquid CAKE	+0.0100%	1h	2.5640	+0.786%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5615	+0.687%	$2.4M	$78K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5593	+0.601%	$18.3M	$36.0M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5590	+0.590%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5592	+0.597%	$894K	$755K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5596	+0.613%	$14.2M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5604	+0.645%	$2.5M	$5.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	2.5623	+0.719%	$2.7M	$2.6M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5596	+0.613%	—	$3.6M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5587	+0.576%	$538K	$480K	—	as long as short
BloFin CAKE-USDT	+0.0138%	4h	2.5568	+0.503%	$1.0M	$364K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0422% / S −0.0272%	1h	2.5619	+0.705%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSDshort	+0.0749%	1h	2.5644	+0.803%	$55K	$39K	10x