Funding you earn now, next payment 08:00 UTC−0.0358%/8h= −39.2% APRnext payment −$1.79 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against BingX−0.206%7-day average −0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)+0.232%+$23 · spread now −0.206%, 7d avg −0.009%
=Together, before fees+0.224%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Variational Omni is 0.197% cheaper against BingX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.009% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CAKE-USDT | 2.4947 | 0.0100 | pay 0.0050% / 4h | 2h 20m | — | $3.8M | — |
| Short | Variational Omni CAKE | 2.4896 | −0.0258 | pay 0.0129% / 4h | 2h 20m | $510K | $433K | — |
BingX CAKE-USDT
Variational Omni CAKEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$75.09
- Price spread: −0.206% → −0.009%
- −$19.69
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$104.78
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 15 min ago; Variational Omni: RFQ quote, 29 min ago. 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, 15 min ago | 2.41 bp | 8.3 bp −$8 | 10.6 bp −$106 | 25.4 bp −$2,536 | 48.8 bp −$24.4K |
| Sell Variational Omni RFQ quote, 29 min ago | 4.73 bp | doesn't fit | 54.4 bp −$544 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | −0.0821% | 4h | 2.4945 | −0.008% | $5.2M | $3.5M | 50x | as long as short |
| ApeX Omni CAKEUSDT | −0.0328% | 1h | 2.4915 | −0.128% | $11K | $678K | 50x | as long as short |
| Variational Omni CAKEshort | −0.0258% | 4h | 2.4896 | −0.206% | $510K | $433K | — | |
| Orderly PERP_CAKE_USDC | −0.0062% | 4h | 2.4960 | +0.052% | $7K | $14K | 10x | as long as short |
| KuCoin CAKEUSDTM | −0.0060% | 4h | 2.4943 | −0.016% | $2.4M | $5.3M | 50x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.976% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4962 | +0.060% | $3.1M | $2.0M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4970 | +0.093% | $2.3M | $79K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4959 | +0.048% | $17.5M | $30.3M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4913 | −0.136% | $864K | $609K | 75x | as long as short |
Bybit CAKEUSDT
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
KuCoin CAKEUSDTM
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4966 | +0.076% | $13.2M | $2.8M | 125x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4957 | +0.040% | $2.5M | $2.3M | 75x | as long as short |
| BingX CAKE-USDTlong | +0.0100% | 4h | 2.4947 | long leg | — | $3.8M | — | |
| BloFin CAKE-USDT | +0.0114% | 4h | 2.4918 | −0.116% | $980K | $316K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.4976 | +0.116% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0702% | 1h | 2.4997 | +0.201% | $52K | $37K | 10x | as long as short |
MEXC CAKE_USDT
Bitget CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD