Funding you earn now, next payment 11:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h −0.109%
Price spread now: BingX against Kraken Futures−0.143%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.925%−$93 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. BingX is 0.143% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 6.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.925%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CAKEUSD | 2.5028 | −0.0005 | get 0.0001% / 1h | 51m 08s | $56K | $45K | 10x |
| Short | BingX CAKE-USDT | 2.4992 | 0.0070 | get 0.0035% / 4h | 1h 51m | — | $4.2M | — |
Kraken Futures PF_CAKEUSD
BingX CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $15.73
- Price spread: −0.143% → 0.000%
- −$14.31
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$18.58
- Costs to cover
- 0.200%
- Break-even
- 15.3 days
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 2 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 BingX live order book, 2 min ago | 3.00 bp | 10.6 bp −$11 | 11.9 bp −$119 | 22.7 bp −$2,267 | 45.6 bp −$22.8K |
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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CAKE | −0.0149% | 4h | 2.5029 | +0.003% | $495K | $426K | — | as long as short |
| Orderly PERP_CAKE_USDC | −0.0091% | 4h | 2.4989 | −0.155% | $7K | $13K | 10x | as long as short |
| Kraken Futures PF_CAKEUSDlong | −0.0005% | 1h | 2.5028 | long leg | $56K | $45K | 10x | |
| Aster CAKEUSDT | −0.0001% | 4h | 2.5002 | −0.103% | $2.3M | $182K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.647% | $113 | $52K | 5.5x | as long as short |
| ApeX Omni CAKEUSDT | +0.0062% | 1h | 2.5007 | −0.083% | $11K | $669K | 50x | as long as short |
| BingX CAKE-USDTshort | +0.0070% | 4h | 2.4992 | −0.143% | — | $4.2M | — | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5020 | −0.032% | $3.1M | $1.3M | 3x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4991 | −0.148% | $17.5M | $25.4M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.4990 | −0.151% | $5.4M | $3.1M | 50x | as long as short |
Variational Omni CAKE
Orderly PERP_CAKE_USDC
Aster CAKEUSDT
Injective CAKE/USDC PERP
ApeX Omni CAKEUSDT
Hyperliquid CAKE
Binance CAKEUSDT
Bybit CAKEUSDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CAKE_USDT | +0.0100% | 4h | 2.4991 | −0.147% | $898K | $512K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4989 | −0.155% | $15.6M | $2.6M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.4994 | −0.135% | $2.4M | $5.2M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5000 | −0.111% | $2.6M | $2.0M | 75x | as long as short |
| BloFin CAKE-USDT | +0.0139% | 4h | 2.4982 | −0.183% | $1.0M | $306K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0379% / S −0.0214% | 1h | 2.5014 | −0.053% | $37K | — | 100x | as long as short |
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]