Funding you earn now, next payment 08:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.37 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance−0.024%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.024%, 7d avg −0.007%
=The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CAKEUSDT | 2.4828 | 0.0026 | pay 0.0013% / 4h | 0m 29s | $17.5M | $27.5M | 75x |
| Short | Bitget CAKEUSDT | 2.4822 | 0.0100 | get 0.0050% / 4h | 0m 29s | $2.6M | $2.1M | 75x |
Binance CAKEUSDT
Bitget CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $15.49
- Price spread: −0.024% → −0.007%
- −$1.76
- Slippage, 4 orders
- −$28.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$37.14
- Costs to cover
- 0.509%
- Break-even
- 23.8 days
Slippage from Binance: live order book, 11 min ago; Bitget: 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 Binance live order book, 11 min ago | 0.20 bp | 7.6 bp −$8 | 15.9 bp −$159 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.62 bp | 18.8 bp −$19 | 42.8 bp −$428 | 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 | −0.0475% | 4h | 2.4800 | −0.113% | $5.3M | $3.1M | 50x | as long as short |
| Variational Omni CAKE | −0.0242% | 4h | 2.4787 | −0.167% | $511K | $419K | — | as long as short |
| Orderly PERP_CAKE_USDC | −0.0131% | 4h | 2.4820 | −0.032% | $7K | $14K | 10x | as long as short |
| ApeX Omni CAKEUSDT | −0.0101% | 1h | 2.4825 | −0.012% | $10K | $670K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0021% | 4h | 2.4821 | −0.028% | $985K | $312K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0026% | 4h | 2.4827 | −0.004% | $15.0M | $3.0M | 125x | as long as short |
| Binance CAKEUSDTlong | +0.0026% | 4h | 2.4828 | long leg | $17.5M | $27.5M | 75x | |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +2.465% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4837 | +0.036% | $3.1M | $1.8M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4839 | +0.043% | $2.3M | $105K | 10x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
Orderly PERP_CAKE_USDC
ApeX Omni CAKEUSDT
BloFin CAKE-USDT
MEXC CAKE_USDT
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CAKE_USDT | +0.0100% | 4h | 2.4810 | −0.072% | $886K | $593K | 75x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.4829 | +0.004% | $2.4M | $5.1M | 50x | as long as short |
| Bitget CAKEUSDTshort | +0.0100% | 4h | 2.4822 | −0.024% | $2.6M | $2.1M | 75x | |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4825 | −0.012% | — | $3.8M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0380% / S −0.0214% | 1h | 2.4847 | +0.075% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0640% | 1h | 2.4817 | −0.045% | $54K | $44K | 10x | as long as short |
Gate CAKE_USDT
KuCoin CAKEUSDTM
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD