Funding you earn now, next payment 10:00 UTC−0.0631%/8h= −69.0% APRpaid last 24h +0.183%
Price spread now: Kraken Futures against BingX+0.427%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.929%+$93 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.427% dearer against BingX than usual: you sell high and buy low (spread +0.427% now, against zero (this spread has no 7-day history yet)): +$43 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.929%, 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 | BingX CAKE-USDT | 2.5185 | 0.0100 | pay 0.0050% / 4h | 2h 57m | — | $3.9M | — |
| Short | Kraken Futures PF_CAKEUSD | 2.5293 | −0.0531 | pay 0.0066% / 1h | 57m 50s | $53K | $45K | 10x |
BingX CAKE-USDT
Kraken Futures PF_CAKEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$132.41
- Price spread: +0.427% → 0.000%
- $42.74
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$109.66
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 2 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 2 min ago | 3.37 bp | 9.0 bp −$9 | 10.8 bp −$108 | 23.8 bp −$2,377 | 51.0 bp −$25.5K |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0971% | 4h | 2.5193 | +0.032% | $5.4M | $3.1M | 50x | as long as short |
| Variational Omni CAKE | −0.0648% | 4h | 2.5210 | +0.101% | $521K | $408K | — | as long as short |
| Kraken Futures PF_CAKEUSDshort | −0.0531% | 1h | 2.5293 | +0.427% | $53K | $45K | 10x | |
| ApeX Omni CAKEUSDT | −0.0237% | 1h | 2.5226 | +0.163% | $11K | $672K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0148% | 4h | 2.5210 | +0.099% | $7K | $13K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.013% | $113 | $52K | 5.5x | as long as short |
| Binance CAKEUSDT | +0.0044% | 4h | 2.5201 | +0.064% | $17.6M | $26.8M | 75x | as long as short |
| Aster CAKEUSDT | +0.0044% | 4h | 2.5229 | +0.176% | $2.4M | $160K | 10x | as long as short |
| MEXC CAKE_USDT | +0.0046% | 4h | 2.5196 | +0.044% | $15.6M | $2.7M | 125x | as long as short |
| BloFin CAKE-USDT | +0.0049% | 4h | 2.5210 | +0.099% | $989K | $316K | 75x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Binance CAKEUSDT
Aster CAKEUSDT
MEXC CAKE_USDT
BloFin CAKE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CAKE | +0.0100% | 1h | 2.5223 | +0.151% | $3.2M | $1.9M | 3x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5193 | +0.032% | $899K | $508K | 75x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5209 | +0.095% | $2.5M | $5.1M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5201 | +0.064% | $2.6M | $2.0M | 75x | as long as short |
| BingX CAKE-USDTlong | +0.0100% | 4h | 2.5185 | long leg | — | $3.9M | — | |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0381% / S −0.0214% | 1h | 2.5247 | +0.244% | $37K | — | 100x | as long as short |
Hyperliquid CAKE
Gate CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]