Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.019%
Price spread now: Injective against Bitget+2.222%101s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.036%−$4 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. Injective is 2.222% dearer against Bitget than usual: you sell high and buy low (spread +2.222% now, against zero (this spread has no 7-day history yet)): +$222 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−0.036% in total) that is about 14 months. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CAKEUSDT | 2.4887 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $2.5M | $2.4M | 75x |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 9m 33s | $113 | $52K | 5.5x |
Bitget CAKEUSDT
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- −$14
- Price spread: +2.222% → 0.000%
- $222.2
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $196.18
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 3 min ago; Injective: 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 Bitget live order book, 3 min ago | 4.01 bp | 14.2 bp −$14 | 36.8 bp −$368 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDT | −0.0086% | 1h | 2.4935 | +0.193% | $10K | $678K | 50x | as long as short |
| Bybit CAKEUSDT | −0.0066% | 4h | 2.4874 | −0.052% | $5.2M | $3.5M | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0004% | 4h | 2.4885 | −0.008% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | +2.222% | $113 | $52K | 5.5x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4918 | +0.125% | $3.1M | $2.2M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4901 | +0.054% | $2.3M | $78K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4879 | −0.032% | $17.7M | $31.0M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4906 | +0.076% | $866K | $637K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4889 | +0.008% | $13.2M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.4889 | +0.008% | $2.4M | $5.4M | 50x | as long as short |
ApeX Omni CAKEUSDT
Bybit CAKEUSDT
Orderly PERP_CAKE_USDC
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDTlong | +0.0100% | 4h | 2.4887 | long leg | $2.5M | $2.4M | 75x | |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4877 | −0.040% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.4905 | +0.074% | $510K | $470K | — | as long as short |
| BloFin CAKE-USDT | +0.0123% | 4h | 2.4911 | +0.096% | $990K | $353K | 75x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0354% | 1h | 2.4926 | +0.157% | $52K | $38K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.4906 | +0.078% | $37K | — | 100x | as long as short |
BingX CAKE-USDT
Variational Omni CAKE
BloFin CAKE-USDT
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]