CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0477%/8h= −52.3% APRnext payment −$0.60 per $10,000 · paid last 24h −0.237%

Price spread now: ApeX Omni against Kraken Futures−0.061%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.905%−$91 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and ApeX Omni is 0.061% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_CAKEUSD	2.4959	0.0353	pay 0.0044% / 1h	18m 28s	$52K	$38K	10x
Short	ApeX Omni CAKEUSDT	2.4944	−0.0124	pay 0.0016% / 1h	18m 28s	$10K	$677K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.061%Rate

Funding earned: −$100.24
Price spread: −0.061% → 0.000%: −$6.14
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$126.37
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; ApeX Omni: live order book, 35 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 35 min ago	3.19 bp	9.9 bp −$10	92.6 bp −$926	doesn't fit	doesn't fit

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
Bybit CAKEUSDT	−0.0233%	4h	2.4902	−0.230%	$5.2M	$3.5M	50x	as long as short
ApeX Omni CAKEUSDTshort	−0.0124%	1h	2.4944	−0.061%	$10K	$677K	50x
Orderly PERP_CAKE_USDC	0.0000%	4h	2.4911	−0.194%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.926%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0075%	4h	2.4908	−0.206%	$994K	$353K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.4937	−0.089%	$3.1M	$2.2M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4934	−0.100%	$2.3M	$77K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.4909	−0.200%	$17.7M	$31.1M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4913	−0.186%	$866K	$637K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.4907	−0.210%	$13.2M	$2.8M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.4902	−0.230%	$2.4M	$5.4M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4937	−0.089%	$2.5M	$2.4M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4915	−0.178%	—	$3.8M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.4926	−0.135%	$510K	$473K	—	as long as short
Kraken Futures PF_CAKEUSDlong	+0.0353%	1h	2.4959	long leg	$52K	$38K	10x
GMX CAKE/USD [WBTC.b-USDC]	L +0.0415% / S −0.0269%	1h	2.4927	−0.129%	$37K	—	100x	as long as short