CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Bitget−0.082%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now −0.082%, 7d avg −0.028%

Together, before fees+0.065%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.054% cheaper against Bitget than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.028%). If the spread goes back, that is −$5 on $10k: about 4.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CAKEUSDT	2.5605	0.0100	pay 0.0050% / 4h	50m 57s	$2.7M	$2.7M	75x
Short	BloFin CAKE-USDT	2.5584	0.0145	get 0.0073% / 4h	50m 57s	$998K	$364K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.082%Rate

Funding earned: $9.53
Price spread: −0.082% → −0.028%: −$5.42
Slippage, 4 orders: −$39.22
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$59.11
Costs to cover: 0.632%
Break-even: 50.4 days

Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 26 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, 1 min ago	3.13 bp	18.0 bp −$18	29.5 bp −$295	doesn't fit	doesn't fit
Sell BloFin live order book, 26 min ago	1.97 bp	8.8 bp −$9	15.3 bp −$153	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	+0.0027%	4h	2.5574	−0.121%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.644%	$113	$52K	5.5x	as long as short
ApeX Omni CAKEUSDT	+0.0098%	1h	2.5581	−0.094%	$13K	$699K	50x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5615	+0.039%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5589	−0.063%	$2.4M	$80K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5591	−0.055%	$18.4M	$36.4M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5581	−0.094%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5570	−0.137%	$894K	$751K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5585	−0.078%	$14.1M	$2.7M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5588	−0.066%	$2.5M	$5.7M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDTlong	+0.0100%	4h	2.5605	long leg	$2.7M	$2.7M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5583	−0.086%	—	$3.6M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5562	−0.170%	$536K	$480K	—	as long as short
BloFin CAKE-USDTshort	+0.0145%	4h	2.5584	−0.082%	$998K	$364K	75x
GMX CAKE/USD [WBTC.b-USDC]	L +0.0422% / S −0.0272%	1h	2.5588	−0.065%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0750%	1h	2.5596	−0.035%	$57K	$37K	10x	as long as short