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: Bybit against Aster−0.104%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$950.949% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now −0.104%, 7d avg −0.088%
=Together, before fees−0.237%+ Points / potential airdropAster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster CAKEUSDT | 2.5597 | 0.0100 | pay 0.0050% / 4h | 55m 56s | $2.4M | $82K | 10x |
| Short | Bybit CAKEUSDT | 2.5570 | 0.0100 | get 0.0050% / 4h | 55m 56s | $5.3M | $3.9M | 50x |
Aster CAKEUSDT
Bybit CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.104% → −0.088%
- −$1.54
- Slippage, 4 orders
- −$75.86
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$96.4
- Costs to cover
- 0.949%
- Break-even
- never at this rate
Slippage from Aster: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 3.91 bp | 32.6 bp −$33 | 1736.2 bp −$17.4K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.91 bp | 23.3 bp −$23 | 53.0 bp −$530 | 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 | +0.0025% | 4h | 2.5577 | −0.076% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.612% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0063% | 4h | 2.5557 | −0.154% | $999K | $364K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5610 | +0.053% | $3.2M | $2.8M | 3x | as long as short |
| Aster CAKEUSDTlong | +0.0100% | 4h | 2.5597 | long leg | $2.4M | $82K | 10x | |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5572 | −0.095% | $18.4M | $36.4M | 75x | as long as short |
| Bybit CAKEUSDTshort | +0.0100% | 4h | 2.5570 | −0.104% | $5.3M | $3.9M | 50x | |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5565 | −0.123% | $894K | $751K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5577 | −0.076% | $14.1M | $2.7M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5588 | −0.033% | $2.5M | $5.6M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Binance 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 | 2.5594 | −0.010% | $2.7M | $2.7M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5573 | −0.092% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5522 | −0.293% | $535K | $480K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5544 | −0.205% | $13K | $700K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0422% / S −0.0272% | 1h | 2.5589 | −0.028% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0750% | 1h | 2.5594 | −0.011% | $57K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD