Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin−0.052%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1351.353% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 7 days+0.045%+$5 · spread now −0.052%, 7d avg −0.050%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CAKEUSDTM | 2.5099 | 0.0100 | pay 0.0050% / 4h | 1h 54m | $2.4M | $5.4M | 50x |
| Short | Bybit CAKEUSDT | 2.5086 | 0.0100 | get 0.0050% / 4h | 1h 54m | $5.2M | $3.6M | 50x |
KuCoin CAKEUSDTM
Bybit CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- $0
- Price spread: −0.052% → −0.050%
- −$0.14
- Slippage, 4 orders
- −$112.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$135.42
- Costs to cover
- 1.353%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 3.59 bp | 48.3 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.99 bp | 29.6 bp −$30 | 53.6 bp −$536 | doesn't fit | doesn't fit |
CAKE on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDC | +0.0013% | 4h | 2.5105 | +0.024% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.359% | $113 | $52K | 5.5x | as long as short |
| ApeX Omni CAKEUSDT | +0.0049% | 1h | 2.5120 | +0.084% | $11K | $683K | 50x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5129 | +0.120% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5135 | +0.143% | $2.4M | $72K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5100 | +0.004% | $17.9M | $32.1M | 75x | as long as short |
| Bybit CAKEUSDTshort | +0.0100% | 4h | 2.5086 | −0.052% | $5.2M | $3.6M | 50x | |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5096 | −0.012% | $874K | $646K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5102 | +0.012% | $13.7M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTMlong | +0.0100% | 4h | 2.5099 | long leg | $2.4M | $5.4M | 50x |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
ApeX Omni CAKEUSDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5123 | +0.096% | $2.6M | $2.4M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5108 | +0.036% | — | $3.7M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5141 | +0.167% | $532K | $458K | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0417% / S −0.0269% | 1h | 2.5117 | +0.071% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.1552% | 1h | 2.5170 | +0.281% | $54K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD