Funding you earn now, next payment 12:00 UTC−0.1017%/8h= −111.4% APRnext payment −$5.09 per $10,000 · paid last 24h −0.025%
Price spread now: Bybit against MEXC−0.012%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.205%−$20 on $10k
+Price spread, last 7 days+0.003%$0 · spread now −0.012%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$31 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.205% in total (about -10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CAKE_USDT | 2.5196 | 0.0046 | pay 0.0023% / 4h | 2h 57m | $15.6M | $2.7M | 125x |
| Short | Bybit CAKEUSDT | 2.5193 | −0.0971 | pay 0.0486% / 4h | 2h 57m | $5.4M | $3.1M | 50x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$213.65
- Price spread: −0.012% → −0.023%
- $1.14
- Slippage, 4 orders
- −$36.21
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$263.72
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 5 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 MEXC live order book, 1 min ago | 1.59 bp | 6.0 bp −$6 | 30.6 bp −$306 | 78.9 bp −$7,893 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.98 bp | 20.5 bp −$21 | 51.2 bp −$512 | 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 CAKEUSDTshort | −0.0971% | 4h | 2.5193 | −0.012% | $5.4M | $3.1M | 50x | |
| Variational Omni CAKE | −0.0648% | 4h | 2.5210 | +0.057% | $521K | $408K | — | as long as short |
| Kraken Futures PF_CAKEUSD | −0.0531% | 1h | 2.5293 | +0.384% | $53K | $45K | 10x | as long as short |
| ApeX Omni CAKEUSDT | −0.0237% | 1h | 2.5226 | +0.119% | $11K | $672K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0148% | 4h | 2.5210 | +0.056% | $7K | $13K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.968% | $113 | $52K | 5.5x | as long as short |
| Binance CAKEUSDT | +0.0044% | 4h | 2.5201 | +0.020% | $17.6M | $26.8M | 75x | as long as short |
| Aster CAKEUSDT | +0.0044% | 4h | 2.5229 | +0.132% | $2.4M | $160K | 10x | as long as short |
| MEXC CAKE_USDTlong | +0.0046% | 4h | 2.5196 | long leg | $15.6M | $2.7M | 125x | |
| BloFin CAKE-USDT | +0.0049% | 4h | 2.5210 | +0.056% | $989K | $316K | 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 | 2.5223 | +0.107% | $3.2M | $1.9M | 3x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5193 | −0.012% | $899K | $508K | 75x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5209 | +0.052% | $2.5M | $5.1M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5201 | +0.020% | $2.6M | $2.0M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5185 | −0.044% | — | $3.9M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0381% / S −0.0214% | 1h | 2.5247 | +0.200% | $37K | — | 100x | as long as short |
MEXC CAKE_USDT
Bybit CAKEUSDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
ApeX Omni CAKEUSDT
Injective CAKE/USDC PERP
Binance CAKEUSDT
Aster CAKEUSDT
BloFin CAKE-USDT
Hyperliquid CAKE
Gate CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]