Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.019%
Price spread now: KuCoin against Injective−1.301%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.024%+$2 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. KuCoin is 1.301% cheaper against Injective than usual: you would sell low and buy high (spread −1.301% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$130 on $10k: about 2 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.024% in total) that is about 13 months. The two prices were read 70 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 | 30m 11s | $113 | $52K | 5.5x |
| Short | KuCoin CAKEUSDTM | 2.5109 | 0.0100 | get 0.0050% / 4h | 1h 30m | $2.5M | $5.5M | 50x |
Injective CAKE/USDC PERP
KuCoin CAKEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −1.301% → 0.000%
- −$130.11
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$128.13
- Costs to cover
- 0.120%
- Break-even
- 71.1 days
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago | 2.39 bp | 30.9 bp −$31 | 106.2 bp −$1,062 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDC | +0.0013% | 4h | 2.5108 | −1.305% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPlong | +0.0033% | 1h | 2.5440 | long leg | $113 | $52K | 5.5x | |
| ApeX Omni CAKEUSDT | +0.0074% | 1h | 2.5136 | −1.195% | $11K | $683K | 50x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5131 | −1.215% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5132 | −1.209% | $2.4M | $72K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5115 | −1.278% | $17.9M | $31.5M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5100 | −1.336% | $5.2M | $3.6M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5103 | −1.325% | $874K | $649K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5124 | −1.242% | $13.7M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTMshort | +0.0100% | 4h | 2.5109 | −1.301% | $2.5M | $5.5M | 50x |
Orderly PERP_CAKE_USDC
ApeX Omni CAKEUSDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5114 | −1.281% | $2.6M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5108 | −1.305% | — | $3.7M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5110 | −1.298% | $521K | $470K | — | as long as short |
| BloFin CAKE-USDT | +0.0125% | 4h | 2.5142 | −1.171% | $997K | $373K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5116 | −1.276% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.1554% | 1h | 2.5145 | −1.159% | $54K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD