Funding arb · Price arb /

CAKE

all CAKE markets

Swap Backtest

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: Aster against Bitget+0.007%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days+0.062%+$6 · spread now +0.007%, 7d avg +0.072%

Together, before fees+0.129%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.065% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CAKEUSDT	2.5017	0.0100	pay 0.0050% / 4h	3h 31m	$2.5M	$2.4M	75x
Short	Aster CAKEUSDT	2.5019	0.0100	get 0.0050% / 4h	3h 31m	$2.4M	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee AsterbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.072%: −$6.48
Slippage, 4 orders: −$62.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$89.33
Costs to cover: 0.828%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; Aster: 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 Bitget live order book, 6 min ago	2.20 bp	12.5 bp −$13	50.6 bp −$506	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	4.19 bp	24.2 bp −$24	1796.0 bp −$18.0K	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	−0.0606%	4h	2.4993	−0.096%	$5.2M	$3.6M	50x	as long as short
ApeX Omni CAKEUSDT	−0.0210%	1h	2.5026	+0.036%	$11K	$681K	50x	as long as short
Orderly PERP_CAKE_USDC	+0.0005%	4h	2.5000	−0.068%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.691%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0048%	4h	2.5011	−0.024%	$996K	$356K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5028	+0.044%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDTshort	+0.0100%	4h	2.5019	+0.007%	$2.4M	$78K	10x
Binance CAKEUSDT	+0.0100%	4h	2.5010	−0.028%	$17.8M	$31.3M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4984	−0.132%	$869K	$636K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.4994	−0.092%	$13.3M	$2.8M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.4986	−0.124%	$2.4M	$5.5M	50x	as long as short
Bitget CAKEUSDTlong	+0.0100%	4h	2.5017	long leg	$2.5M	$2.4M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5008	−0.036%	—	$3.8M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.4961	−0.225%	$512K	$475K	—	as long as short
Kraken Futures PF_CAKEUSD	+0.0353%	1h	2.4985	−0.126%	$52K	$38K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5017	0.000%	$37K	—	100x	as long as short