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

CAKE

all CAKE markets
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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: Variational Omni against Aster−0.164%7-day average −0.096% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.045%−$5 on $10k
Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.164%, 7d avg −0.096%
Together, before fees+0.103%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$10 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: Variational Omni is 0.068% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.096%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CAKEUSDT2.55030.0100pay 0.0050% / 4h2m 24s$2.4M$78K10x
ShortVariational Omni CAKE2.54620.0100get 0.0050% / 4h2m 24s$534K$469K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: −0.164% → −0.096%
−$6.79
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$14.79
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 1 min ago; Variational Omni: RFQ quote, 12 min ago. Net counts fees only.

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, 1 min ago4.12 bp35.7 bp −$361444.7 bp −$14.4Kdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 12 min ago4.66 bpdoesn't fit48.8 bp −$488doesn'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
ApeX Omni CAKEUSDT−0.0100%1h2.5494−0.037%$13K$697K50xas long as short
Orderly PERP_CAKE_USDC+0.0021%4h2.5481−0.088%$7K$14K10xas long as short
Injective CAKE/USDC PERP+0.0033%1h2.5440−0.249%$113$52K5.5xas long as short
BloFin CAKE-USDT+0.0087%4h2.5503−0.002%$997K$363K75xas long as short
Hyperliquid CAKE+0.0100%1h2.5511+0.029%$3.2M$2.7M3xas long as short
Aster CAKEUSDTlong+0.0100%4h2.5503long leg$2.4M$78K10x
Binance CAKEUSDT+0.0100%4h2.5478−0.100%$18.3M$36.0M75xas long as short
Bybit CAKEUSDT+0.0100%4h2.5470−0.131%$5.3M$3.9M50xas long as short
Gate CAKE_USDT+0.0100%4h2.5484−0.076%$890K$756K75xas long as short
MEXC CAKE_USDT+0.0100%4h2.5476−0.108%$14.2M$2.8M125xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin CAKEUSDTM+0.0100%4h2.5484−0.076%$2.5M$5.6M50xas long as short
Bitget CAKEUSDT+0.0100%4h2.5498−0.021%$2.7M$2.6M75xas long as short
BingX CAKE-USDT+0.0100%4h2.5483−0.080%$3.6Mas long as short
Variational Omni CAKEshort+0.0100%4h2.5462−0.164%$534K$469K
GMX CAKE/USD [WBTC.b-USDC]L +0.0420% / S −0.0272%1h2.5489−0.056%$38K100xas long as short
Kraken Futures PF_CAKEUSD+0.0751%1h2.5586+0.324%$55K$39K10xas long as short