Settings8H · net · $10k
Funding arb · Price arb /

CAKE

all CAKE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0580%/8h= −63.5% APRnext payment $2.90 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC−0.080%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$590.585% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.180%−$18 on $10k
Price spread, last 7 days+0.067%+$7 · spread now −0.080%, 7d avg −0.023%
Together, before fees−0.113%−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.057% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC CAKE_USDT2.49600.0100pay 0.0050% / 4h3h 27m$13.3M$2.8M125x
ShortBybit CAKEUSDT2.4940−0.0480pay 0.0240% / 4h3h 27m$5.2M$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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

Funding earned
−$121.88
Price spread: −0.080% → −0.023%
−$5.71
Slippage, 4 orders
−$43.51
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$186.1
Costs to cover
0.585%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 1 min ago0.20 bp6.4 bp −$638.6 bp −$386103.1 bp −$10.3Kdoesn't fit
Sell Bybit live order book, 1 min ago2.00 bp26.7 bp −$2752.3 bp −$523doesn't fitdoesn't fit

CAKE on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CAKEUSDTshort−0.0480%4h2.4940−0.080%$5.2M$3.5M50x
ApeX Omni CAKEUSDT−0.0141%1h2.5041+0.325%$11K$680K50xas long as short
Orderly PERP_CAKE_USDC+0.0004%4h2.4964+0.016%$7K$14K10xas long as short
Injective CAKE/USDC PERP+0.0033%1h2.5440+1.923%$113$52K5.5xas long as short
BloFin CAKE-USDT+0.0056%4h2.4972+0.048%$992K$356K75xas long as short
Hyperliquid CAKE+0.0100%1h2.4983+0.092%$3.1M$2.5M3xas long as short
Aster CAKEUSDT+0.0100%4h2.4977+0.070%$2.3M$78K10xas long as short
Binance CAKEUSDT+0.0100%4h2.4945−0.060%$17.8M$31.3M75xas long as short
Gate CAKE_USDT+0.0100%4h2.4962+0.008%$869K$636K75xas long as short
MEXC CAKE_USDTlong+0.0100%4h2.4960long leg$13.3M$2.8M125x
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin CAKEUSDTM+0.0100%4h2.4961+0.004%$2.4M$5.5M50xas long as short
Bitget CAKEUSDT+0.0100%4h2.49600.000%$2.5M$2.4M75xas long as short
BingX CAKE-USDT+0.0100%4h2.4949−0.044%$3.8Mas long as short
Variational Omni CAKE+0.0100%4h2.5031+0.283%$513K$475Kas long as short
Kraken Futures PF_CAKEUSD+0.0353%1h2.4964+0.017%$52K$38K10xas long as short
GMX CAKE/USD [WBTC.b-USDC]L +0.0415% / S −0.0269%1h2.4978+0.070%$37K100xas long as short