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
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%
=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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CAKE_USDT | 2.4960 | 0.0100 | pay 0.0050% / 4h | 3h 27m | $13.3M | $2.8M | 125x |
| Short | Bybit CAKEUSDT | 2.4940 | −0.0480 | pay 0.0240% / 4h | 3h 27m | $5.2M | $3.5M | 50x |
MEXC CAKE_USDT
Bybit CAKEUSDTFunding 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
- −$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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 1 min ago | 0.20 bp | 6.4 bp −$6 | 38.6 bp −$386 | 103.1 bp −$10.3K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.00 bp | 26.7 bp −$27 | 52.3 bp −$523 | 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 | −0.0480% | 4h | 2.4940 | −0.080% | $5.2M | $3.5M | 50x | |
| ApeX Omni CAKEUSDT | −0.0141% | 1h | 2.5041 | +0.325% | $11K | $680K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | +0.0004% | 4h | 2.4964 | +0.016% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.923% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0056% | 4h | 2.4972 | +0.048% | $992K | $356K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4983 | +0.092% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4977 | +0.070% | $2.3M | $78K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4945 | −0.060% | $17.8M | $31.3M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4962 | +0.008% | $869K | $636K | 75x | as long as short |
| MEXC CAKE_USDTlong | +0.0100% | 4h | 2.4960 | long leg | $13.3M | $2.8M | 125x |
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.4961 | +0.004% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4960 | 0.000% | $2.5M | $2.4M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4949 | −0.044% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5031 | +0.283% | $513K | $475K | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0353% | 1h | 2.4964 | +0.017% | $52K | $38K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.4978 | +0.070% | $37K | — | 100x | as long as short |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]