Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Aster−0.092%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$700.701% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 3 days (all we have)−0.156%−$16 · spread now −0.092%, 7d avg −0.091%
=Together, before fees−0.041%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster CAKEUSDT | 2.5619 | 0.0100 | pay 0.0050% / 4h | 49m 15s | $2.4M | $80K | 10x |
| Short | BloFin CAKE-USDT | 2.5595 | 0.0118 | get 0.0059% / 4h | 49m 15s | $999K | $365K | 75x |
Aster CAKEUSDT
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Aster. 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
- $3.78
- Price spread: −0.092% → −0.091%
- −$0.11
- Slippage, 4 orders
- −$50.1
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$66.43
- Costs to cover
- 0.701%
- Break-even
- 129.9 days
Slippage from Aster: live order book, 4 min ago; BloFin: live order book, 28 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 Aster live order book, 4 min ago | 4.10 bp | 28.9 bp −$29 | 1786.2 bp −$17.9K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 28 min ago | 1.97 bp | 8.8 bp −$9 | 15.3 bp −$153 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDC | +0.0028% | 4h | 2.5599 | −0.076% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.697% | $113 | $52K | 5.5x | as long as short |
| ApeX Omni CAKEUSDT | +0.0046% | 1h | 2.5585 | −0.131% | $13K | $698K | 50x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5640 | +0.084% | $3.2M | $2.7M | 3x | as long as short |
| Aster CAKEUSDTlong | +0.0100% | 4h | 2.5619 | long leg | $2.4M | $80K | 10x | |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5606 | −0.047% | $18.4M | $36.4M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5598 | −0.080% | $5.3M | $3.9M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5592 | −0.104% | $895K | $751K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5606 | −0.049% | $14.1M | $2.7M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5616 | −0.010% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
ApeX Omni CAKEUSDT
Hyperliquid CAKE
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC 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 | 2.5626 | +0.029% | $2.7M | $2.7M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5604 | −0.057% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5562 | −0.222% | $536K | $480K | — | as long as short |
| BloFin CAKE-USDTshort | +0.0118% | 4h | 2.5595 | −0.092% | $999K | $365K | 75x | |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0422% / S −0.0272% | 1h | 2.5619 | +0.003% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0749% | 1h | 2.5630 | +0.045% | $57K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD