Funding you earn now, next payment 06:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h +0.016%
Price spread now: Gate against ApeX Omni+0.048%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$1021.019% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.048%, 7d avg −0.047%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Gate is 0.095% dearer against ApeX Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.047%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% a year). A funding rate is set anew for every payment. 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 | ApeX Omni CAKEUSDT | 2.4994 | −0.0281 | get 0.0035% / 1h | 15m 17s | $11K | $676K | 50x |
| Short | Gate CAKE_USDT | 2.5006 | 0.0100 | get 0.0050% / 4h | 2h 15m | $866K | $609K | 75x |
ApeX Omni CAKEUSDT
Gate CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against ApeX Omni. 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
- $79.98
- Price spread: +0.048% → −0.047%
- $9.51
- Slippage, 4 orders
- −$76.89
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$12.4
- Costs to cover
- 1.019%
- Break-even
- 8.1 days
Slippage from ApeX Omni: live order book, 33 min ago; Gate: live order book, 31 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 ApeX Omni live order book, 33 min ago | 5.40 bp | 13.5 bp −$13 | 107.4 bp −$1,074 | doesn't fit | doesn't fit |
| Sell Gate live order book, 31 min ago | 3.20 bp | 35.9 bp −$36 | 104.8 bp −$1,048 | 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 CAKEUSDT | −0.0801% | 4h | 2.4970 | −0.096% | $5.2M | $3.5M | 50x | as long as short |
| ApeX Omni CAKEUSDTlong | −0.0281% | 1h | 2.4994 | long leg | $11K | $676K | 50x | |
| Variational Omni CAKE | −0.0258% | 4h | 2.4961 | −0.133% | $511K | $433K | — | as long as short |
| KuCoin CAKEUSDTM | −0.0072% | 4h | 2.4985 | −0.036% | $2.4M | $5.3M | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0065% | 4h | 2.4983 | −0.044% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.784% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0096% | 4h | 2.4978 | −0.064% | $981K | $316K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5000 | +0.026% | $3.1M | $2.0M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5008 | +0.054% | $2.4M | $79K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4979 | −0.058% | $17.6M | $30.1M | 75x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
KuCoin CAKEUSDTM
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CAKE_USDTshort | +0.0100% | 4h | 2.5006 | +0.048% | $866K | $609K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4980 | −0.056% | $13.2M | $2.8M | 125x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4991 | −0.012% | $2.5M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4990 | −0.016% | — | $3.8M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5005 | +0.045% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0702% | 1h | 2.5016 | +0.090% | $52K | $35K | 10x | as long as short |
MEXC CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD