CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against KuCoin+0.060%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$950.946% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.060%, 7d avg +0.035%

Together, before fees+0.094%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.025% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CAKEUSDTM	2.4921	0.0064	pay 0.0032% / 4h	3h 29m	$2.4M	$5.1M	50x
Short	Aster CAKEUSDT	2.4936	0.0100	get 0.0050% / 4h	3h 29m	$2.3M	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.060%Rate

Funding earned: $7.56
Price spread: +0.060% → +0.035%: $2.52
Slippage, 4 orders: −$74.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$84.51
Costs to cover: 0.946%
Break-even: 85.3 days

Slippage from KuCoin: live order book, 8 min ago; Aster: live order book, 4 min ago.

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 KuCoin live order book, 8 min ago	4.21 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	3.01 bp	16.8 bp −$17	1535.0 bp −$15.4K	doesn't fit	doesn't fit

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	−0.1657%	4h	2.4900	−0.084%	$5.3M	$3.1M	50x	as long as short
Variational Omni CAKE	−0.0565%	4h	2.4896	−0.101%	$514K	$418K	—	as long as short
Kraken Futures PF_CAKEUSD	−0.0282%	1h	2.4943	+0.089%	$55K	$43K	10x	as long as short
ApeX Omni CAKEUSDT	−0.0261%	1h	2.4912	−0.036%	$11K	$670K	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0141%	4h	2.4921	0.000%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.083%	$113	$52K	5.5x	as long as short
Binance CAKEUSDT	+0.0046%	4h	2.4916	−0.020%	$17.5M	$27.1M	75x	as long as short
MEXC CAKE_USDT	+0.0046%	4h	2.4912	−0.036%	$15.2M	$2.9M	125x	as long as short
KuCoin CAKEUSDTMlong	+0.0064%	4h	2.4921	long leg	$2.4M	$5.1M	50x
BloFin CAKE-USDT	+0.0098%	4h	2.4916	−0.020%	$989K	$314K	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CAKE	+0.0100%	1h	2.4944	+0.093%	$3.1M	$1.8M	3x	as long as short
Aster CAKEUSDTshort	+0.0100%	4h	2.4936	+0.060%	$2.3M	$106K	10x
Gate CAKE_USDT	+0.0100%	4h	2.4911	−0.040%	$889K	$592K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4913	−0.032%	$2.6M	$2.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4912	−0.036%	—	$3.8M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0380% / S −0.0214%	1h	2.4947	+0.105%	$37K	—	100x	as long as short