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

CAKE

all CAKE markets
SwapBacktest
Alert: funding
Alert: spread
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: Bitget against BingX−0.004%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$480.481% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.093%+$9 on $10k
Price spread, last 7 days+0.005%+$1 · spread now −0.004%, 7d avg +0.006%
Together, before fees+0.099%+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CAKE-USDT2.48090.0100pay 0.0050% / 4h1m 22s$3.8M
ShortBitget CAKEUSDT2.48080.0100get 0.0050% / 4h1m 22s$2.6M$2.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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: −0.004% → +0.006%
−$1.05
Slippage, 4 orders
−$26.11
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$49.15
Costs to cover
0.481%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago0.20 bp9.2 bp −$910.7 bp −$10722.3 bp −$2,23046.2 bp −$23.1K
Sell Bitget live order book, 1 min ago2.62 bp18.8 bp −$1942.8 bp −$428doesn'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
Bybit CAKEUSDT−0.0467%4h2.4790−0.077%$5.3M$3.1M50xas long as short
Variational Omni CAKE−0.0186%4h2.4732−0.312%$509K$419Kas long as short
Orderly PERP_CAKE_USDC−0.0130%4h2.4818+0.036%$7K$14K10xas long as short
ApeX Omni CAKEUSDT−0.0101%1h2.4825+0.064%$10K$670K50xas long as short
Binance CAKEUSDT+0.0026%4h2.4812+0.012%$17.5M$27.5M75xas long as short
MEXC CAKE_USDT+0.0028%4h2.4819+0.040%$14.5M$2.9M125xas long as short
BloFin CAKE-USDT+0.0031%4h2.4811+0.008%$988K$312K75xas long as short
Injective CAKE/USDC PERP+0.0033%1h2.5440+2.543%$113$52K5.5xas long as short
Hyperliquid CAKE+0.0100%1h2.4826+0.069%$3.1M$1.8M3xas long as short
Aster CAKEUSDT+0.0100%4h2.4825+0.064%$2.3M$105K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CAKE_USDT+0.0100%4h2.4802−0.028%$885K$593K75xas long as short
KuCoin CAKEUSDTM+0.0100%4h2.4829+0.081%$2.4M$5.1M50xas long as short
Bitget CAKEUSDTshort+0.0100%4h2.4808−0.004%$2.6M$2.1M75x
BingX CAKE-USDTlong+0.0100%4h2.4809long leg$3.8M
GMX CAKE/USD [WBTC.b-USDC]L +0.0380% / S −0.0214%1h2.4837+0.113%$37K100xas long as short
Kraken Futures PF_CAKEUSD+0.0640%1h2.4814+0.022%$54K$44K10xas long as short