CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.011%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1101.096% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days+0.025%+$2 · spread now −0.011%, 7d avg −0.030%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CAKEUSDTM	2.4777	0.0078	pay 0.0039% / 4h	13m 06s	$2.4M	$5.1M	50x
Short	Binance CAKEUSDT	2.4774	0.0063	get 0.0032% / 4h	13m 06s	$17.5M	$27.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.011%Rate

Funding earned: −$3.12
Price spread: −0.011% → −0.030%: $1.95
Slippage, 4 orders: −$87.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$110.79
Costs to cover: 1.096%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 13 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, 5 min ago	3.43 bp	48.3 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.20 bp	13.6 bp −$14	29.1 bp −$291	120.8 bp −$12.1K	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	−0.0356%	4h	2.4752	−0.101%	$5.2M	$3.1M	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0126%	4h	2.4782	+0.020%	$7K	$14K	10x	as long as short
Variational Omni CAKE	−0.0076%	4h	2.4741	−0.145%	$509K	$419K	—	as long as short
ApeX Omni CAKEUSDT	−0.0073%	1h	2.4773	−0.016%	$10K	$672K	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.676%	$113	$52K	5.5x	as long as short
Binance CAKEUSDTshort	+0.0063%	4h	2.4774	−0.011%	$17.5M	$27.6M	75x
MEXC CAKE_USDT	+0.0068%	4h	2.4777	0.000%	$14.0M	$2.8M	125x	as long as short
KuCoin CAKEUSDTMlong	+0.0078%	4h	2.4777	long leg	$2.4M	$5.1M	50x
BloFin CAKE-USDT	+0.0086%	4h	2.4775	−0.008%	$983K	$312K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.4788	+0.044%	$3.1M	$1.8M	3x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CAKEUSDT	+0.0100%	4h	2.4791	+0.057%	$2.3M	$106K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4747	−0.121%	$879K	$586K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4765	−0.048%	$2.6M	$2.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4767	−0.040%	—	$3.8M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0414% / S −0.0269%	1h	2.4786	+0.037%	$36K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0641%	1h	2.4781	+0.016%	$54K	$44K	10x	as long as short