Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Binance+0.148%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$440.440% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 3 days (all we have)−0.409%−$41 · spread now +0.148%, 7d avg −0.006%
=The price spread pays, funding is against you. BloFin is 0.154% dearer against Binance than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of −0.006%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days. Mind the row above: over the last 7 days funding on this pair paid +0.136%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CAKEUSDT | 2.5430 | 0.0100 | pay 0.0050% / 4h | 1h 20m | $18.3M | $38.3M | 75x |
| Short | BloFin CAKE-USDT | 2.5468 | 0.0074 | get 0.0037% / 4h | 1h 20m | $1.0M | $365K | 75x |
Binance CAKEUSDT
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$5.56
- Price spread: +0.148% → −0.006%
- $15.41
- Slippage, 4 orders
- −$21.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$34.15
- Costs to cover
- 0.440%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 61 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, 6 min ago | 0.59 bp | 10.7 bp −$11 | 29.7 bp −$297 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 61 min ago | 0.19 bp | 14.5 bp −$15 | 24.2 bp −$242 | 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 | +0.0021% | 4h | 2.5444 | +0.053% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.038% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDTshort | +0.0074% | 4h | 2.5468 | +0.148% | $1.0M | $365K | 75x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5466 | +0.140% | $3.2M | $3.2M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5462 | +0.124% | $2.4M | $87K | 10x | as long as short |
| Binance CAKEUSDTlong | +0.0100% | 4h | 2.5430 | long leg | $18.3M | $38.3M | 75x | |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5432 | +0.006% | $5.3M | $4.0M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5434 | +0.014% | $888K | $765K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5441 | +0.042% | $14.1M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5447 | +0.065% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster 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 | 2.5451 | +0.081% | $2.7M | $2.8M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5447 | +0.065% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5382 | −0.191% | $533K | $492K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5421 | −0.037% | $13K | $697K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5451 | +0.081% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0776% | 1h | 2.5475 | +0.175% | $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