Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance+0.003%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now +0.003%, 7d avg +0.002%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CAKEUSDT | 2.5025 | 0.0088 | pay 0.0044% / 4h | 1h 56m | $17.6M | $29.8M | 75x |
| Short | MEXC CAKE_USDT | 2.5026 | 0.0088 | get 0.0044% / 4h | 1h 56m | $13.4M | $2.7M | 125x |
Binance CAKEUSDT
MEXC CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$0.03
- Price spread: +0.003% → +0.002%
- $0.16
- Slippage, 4 orders
- −$19.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$33.57
- Costs to cover
- 0.337%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; MEXC: 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, 15 min ago | 0.60 bp | 11.6 bp −$12 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.40 bp | 3.8 bp −$4 | 36.4 bp −$364 | 101.1 bp −$10.1K | 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 | −0.0659% | 4h | 2.5011 | −0.057% | $5.2M | $3.5M | 50x | as long as short |
| Variational Omni CAKE | −0.0281% | 4h | 2.5040 | +0.061% | $514K | $434K | — | as long as short |
| ApeX Omni CAKEUSDT | −0.0254% | 1h | 2.5054 | +0.115% | $11K | $675K | 50x | as long as short |
| KuCoin CAKEUSDTM | −0.0124% | 4h | 2.5040 | +0.059% | $2.4M | $5.2M | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0082% | 4h | 2.5030 | +0.019% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.658% | $113 | $52K | 5.5x | as long as short |
| MEXC CAKE_USDTshort | +0.0088% | 4h | 2.5026 | +0.003% | $13.4M | $2.7M | 125x | |
| Binance CAKEUSDTlong | +0.0088% | 4h | 2.5025 | long leg | $17.6M | $29.8M | 75x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5051 | +0.103% | $3.1M | $1.9M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5057 | +0.126% | $2.4M | $77K | 10x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
KuCoin CAKEUSDTM
Orderly PERP_CAKE_USDC
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 | 2.5016 | −0.037% | $866K | $587K | 75x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5048 | +0.091% | $2.5M | $2.2M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5027 | +0.007% | — | $3.8M | — | as long as short |
| BloFin CAKE-USDT | +0.0123% | 4h | 2.5027 | +0.007% | $983K | $317K | 75x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0377% | 1h | 2.5157 | +0.528% | $53K | $34K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5049 | +0.094% | $37K | — | 100x | as long as short |
Gate CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
BloFin CAKE-USDT
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]