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

CAKE

all CAKE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Aster−0.022%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$770.766% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.069%−$7 on $10k
Price spread, last 7 days+0.071%+$7 · spread now −0.022%, 7d avg −0.071%
Together, before fees+0.002%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.050% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CAKEUSDT2.54550.0100pay 0.0050% / 4h2h 46m$2.4M$99K10x
ShortBitget CAKEUSDT2.54490.0100get 0.0050% / 4h2h 46m$2.7M$3.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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: −0.022% → −0.071%
$4.96
Slippage, 4 orders
−$56.56
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$71.6
Costs to cover
0.766%
Break-even
never at this rate
Slippage from Aster: live order book, 2 min ago; Bitget: live order book, 1 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 Aster live order book, 2 min ago3.34 bp35.0 bp −$351275.5 bp −$12.8Kdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago1.38 bp7.6 bp −$835.0 bp −$350doesn'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+0.0005%4h2.5426−0.112%$7K$14K10xas long as short
Injective CAKE/USDC PERP+0.0033%1h2.5440−0.057%$113$52K5.5xas long as short
BloFin CAKE-USDT+0.0080%4h2.5431−0.093%$996K$347K75xas long as short
Hyperliquid CAKE+0.0100%1h2.5475+0.080%$3.1M$3.3M3xas long as short
Aster CAKEUSDTlong+0.0100%4h2.5455long leg$2.4M$99K10x
Binance CAKEUSDT+0.0100%4h2.5449−0.022%$18.2M$39.2M75xas long as short
Bybit CAKEUSDT+0.0100%4h2.5441−0.053%$5.3M$4.1M50xas long as short
Gate CAKE_USDT+0.0100%4h2.5425−0.116%$886K$858K75xas long as short
MEXC CAKE_USDT+0.0100%4h2.5447−0.030%$14.2M$2.9M125xas long as short
KuCoin CAKEUSDTM+0.0100%4h2.5449−0.022%$2.5M$5.7M50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CAKEUSDTshort+0.0100%4h2.5449−0.022%$2.7M$3.0M75x
BingX CAKE-USDT+0.0100%4h2.5452−0.010%$3.5Mas long as short
Variational Omni CAKE+0.0100%4h2.5420−0.135%$544K$497Kas long as short
ApeX Omni CAKEUSDT+0.0100%1h2.5429−0.100%$13K$695K50xas long as short
GMX CAKE/USD [WBTC.b-USDC]L +0.0420% / S −0.0272%1h2.5441−0.053%$38K100xas long as short
Kraken Futures PF_CAKEUSD+0.0497%1h2.5492+0.146%$57K$39K10xas long as short