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: Gate against BingX+0.004%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$890.888% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.004%, 7d avg +0.005%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CAKE-USDT | 2.5476 | 0.0100 | pay 0.0050% / 4h | 2h 32m | — | $3.5M | — |
| Short | Gate CAKE_USDT | 2.5477 | 0.0100 | get 0.0050% / 4h | 2h 32m | $888K | $858K | 75x |
BingX CAKE-USDT
Gate CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- Price spread: +0.004% → +0.005%
- −$0.12
- Slippage, 4 orders
- −$63.84
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$88.96
- Costs to cover
- 0.888%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Gate: live order book, 53 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 BingX live order book, 7 min ago | 3.34 bp | 9.1 bp −$9 | 11.5 bp −$115 | 24.9 bp −$2,491 | 49.6 bp −$24.8K |
| Sell Gate live order book, 53 min ago | 4.31 bp | 35.7 bp −$36 | 78.6 bp −$786 | 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 | +0.0009% | 4h | 2.5489 | +0.051% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.141% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5519 | +0.169% | $3.1M | $3.3M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5494 | +0.071% | $2.4M | $99K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5474 | −0.007% | $18.3M | $38.9M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5475 | −0.004% | $5.3M | $4.1M | 50x | as long as short |
| Gate CAKE_USDTshort | +0.0100% | 4h | 2.5477 | +0.004% | $888K | $858K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5475 | −0.004% | $14.3M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5487 | +0.043% | $2.5M | $5.7M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5478 | +0.008% | $2.7M | $2.8M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
MEXC CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAKE-USDTlong | +0.0100% | 4h | 2.5476 | long leg | — | $3.5M | — | |
| Variational Omni CAKE | +0.0100% | 4h | 2.5459 | −0.066% | $544K | $497K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5480 | +0.016% | $13K | $696K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0128% | 4h | 2.5488 | +0.047% | $992K | $354K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5489 | +0.050% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0497% | 1h | 2.5502 | +0.103% | $57K | $38K | 10x | as long as short |
Variational Omni CAKE
ApeX Omni CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD