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

CAKE

all CAKE markets
SwapBacktest
Alert: funding
Alert: spread
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: KuCoin against MEXC+0.028%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$800.800% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.053%−$5 on $10k
Price spread, last 7 days−0.030%−$3 · spread now +0.028%, 7d avg +0.029%
Together, before fees−0.083%−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC CAKE_USDT2.51520.0100pay 0.0050% / 4h2h 38m$13.7M$2.9M125x
ShortKuCoin CAKEUSDTM2.51590.0100get 0.0050% / 4h2h 38m$2.4M$5.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: +0.028% → +0.029%
−$0.08
Slippage, 4 orders
−$64.02
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$80.11
Costs to cover
0.800%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago0.79 bp5.3 bp −$539.5 bp −$395103.1 bp −$10.3Kdoesn't fit
Sell KuCoin live order book, 5 min ago3.57 bp33.0 bp −$33102.1 bp −$1,021doesn'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
Orderly PERP_CAKE_USDC+0.0021%4h2.51520.000%$7K$14K10xas long as short
Injective CAKE/USDC PERP+0.0033%1h2.5440+1.145%$113$52K5.5xas long as short
BloFin CAKE-USDT+0.0087%4h2.5243+0.362%$992K$360K75xas long as short
ApeX Omni CAKEUSDT+0.0089%1h2.5243+0.362%$11K$684K50xas long as short
Hyperliquid CAKE+0.0100%1h2.5190+0.151%$3.1M$2.6M3xas long as short
Aster CAKEUSDT+0.0100%4h2.5182+0.119%$2.4M$78K10xas long as short
Binance CAKEUSDT+0.0100%4h2.5141−0.044%$17.9M$34.3M75xas long as short
Bybit CAKEUSDT+0.0100%4h2.5134−0.072%$5.3M$3.8M50xas long as short
Gate CAKE_USDT+0.0100%4h2.5143−0.036%$878K$669K75xas long as short
MEXC CAKE_USDTlong+0.0100%4h2.5152long leg$13.7M$2.9M125x
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin CAKEUSDTMshort+0.0100%4h2.5159+0.028%$2.4M$5.5M50x
Bitget CAKEUSDT+0.0100%4h2.5173+0.083%$2.6M$2.5M75xas long as short
BingX CAKE-USDT+0.0100%4h2.5159+0.028%$3.5Mas long as short
Variational Omni CAKE+0.0100%4h2.5196+0.175%$536K$458Kas long as short
GMX CAKE/USD [WBTC.b-USDC]L +0.0417% / S −0.0269%1h2.5168+0.065%$37K100xas long as short
Kraken Futures PF_CAKEUSD+0.0829%1h2.5277+0.495%$54K$37K10xas long as short