Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.019%
Price spread now: Injective against MEXC+2.152%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 2.152% dearer against MEXC than usual: you sell high and buy low (spread +2.152% now, against zero (this spread has no 7-day history yet)): +$215 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CAKE_USDT | 2.4904 | 0.0100 | pay 0.0050% / 4h | 3h 22m | $13.2M | $2.8M | 125x |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 22m 29s | $113 | $52K | 5.5x |
MEXC CAKE_USDT
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: +2.152% → 0.000%
- $215.23
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $197.21
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
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 | 0.40 bp | 5.4 bp −$5 | 28.2 bp −$282 | 103.2 bp −$10.3K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0314% | 4h | 2.4880 | −0.096% | $5.2M | $3.5M | 50x | as long as short |
| ApeX Omni CAKEUSDT | −0.0156% | 1h | 2.4987 | +0.333% | $10K | $679K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | +0.0002% | 4h | 2.4911 | +0.028% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | +2.152% | $113 | $52K | 5.5x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4919 | +0.060% | $3.1M | $2.2M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4918 | +0.058% | $2.3M | $78K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4885 | −0.077% | $17.7M | $31.1M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4899 | −0.020% | $866K | $637K | 75x | as long as short |
| MEXC CAKE_USDTlong | +0.0100% | 4h | 2.4904 | long leg | $13.2M | $2.8M | 125x | |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.4886 | −0.072% | $2.4M | $5.4M | 50x | as long as short |
Bybit CAKEUSDT
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4902 | −0.008% | $2.5M | $2.4M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4887 | −0.068% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.4950 | +0.186% | $511K | $472K | — | as long as short |
| BloFin CAKE-USDT | +0.0111% | 4h | 2.4904 | 0.000% | $991K | $353K | 75x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0353% | 1h | 2.4957 | +0.213% | $52K | $38K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.4928 | +0.095% | $37K | — | 100x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
BloFin CAKE-USDT
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]