Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.019%
Price spread now: Variational Omni against Injective−1.728%91s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 1.728% cheaper against Injective than usual: you would sell low and buy high (spread −1.728% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$173 on $10k: about 3 months of funding at the current rate (+$2 a day). 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 | 43m 43s | $113 | $52K | 5.5x |
| Short | Variational Omni CAKE | 2.5000 | 0.0100 | get 0.0050% / 4h | 43m 43s | $519K | $469K | — |
Injective CAKE/USDC PERP
Variational Omni CAKEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational 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
- $14
- Price spread: −1.728% → 0.000%
- −$172.81
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$158.83
- Costs to cover
- 0.000%
- Break-even
- 86.4 days
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 15 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 Variational Omni RFQ quote, 15 min ago | 6.71 bp | doesn't fit | 69.2 bp −$692 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDT | −0.0075% | 1h | 2.5020 | −1.651% | $10K | $679K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | +0.0013% | 4h | 2.5095 | −1.356% | $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 | 2.5122 | −1.250% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5113 | −1.284% | $2.4M | $76K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5092 | −1.368% | $17.9M | $31.3M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5090 | −1.376% | $5.2M | $3.6M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5088 | −1.384% | $874K | $641K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5097 | −1.348% | $13.6M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5094 | −1.360% | $2.4M | $5.4M | 50x | as long as short |
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit 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 | 2.5102 | −1.329% | $2.6M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5094 | −1.360% | — | $3.7M | — | as long as short |
| Variational Omni CAKEshort | +0.0100% | 4h | 2.5000 | −1.728% | $519K | $469K | — | |
| BloFin CAKE-USDT | +0.0110% | 4h | 2.5029 | −1.616% | $996K | $366K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5108 | −1.307% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0746% | 1h | 2.5203 | −0.930% | $53K | $38K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD