CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against BloFin+0.193%81s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.509% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 4 days (all we have)+0.506%+$51 · spread now +0.193%, 7d avg +0.016%

Together, before fees+0.370%+$37 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: Binance is 0.177% dearer against BloFin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 81 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	BloFin CAKE-USDT	2.4900	0.0032	pay 0.0016% / 4h	3h 47m	$985K	$313K	75x
Short	Binance CAKEUSDT	2.4948	0.0028	get 0.0014% / 4h	3h 47m	$17.5M	$27.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.193%Rate

Funding earned: −$0.84
Price spread: +0.193% → +0.016%: $17.69
Slippage, 4 orders: −$28.88
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.02
Costs to cover: 0.509%
Break-even: never at this rate

Slippage from BloFin: live order book, 29 min ago; Binance: live order book, 8 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 BloFin live order book, 29 min ago	1.21 bp	20.1 bp −$20	31.0 bp −$310	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.20 bp	10.6 bp −$11	29.7 bp −$297	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	−0.2088%	4h	2.4925	+0.100%	$5.3M	$3.2M	50x	as long as short
Variational Omni CAKE	−0.0362%	4h	2.4871	−0.117%	$512K	$419K	—	as long as short
Kraken Futures PF_CAKEUSD	−0.0283%	1h	2.4916	+0.063%	$54K	$44K	10x	as long as short
ApeX Omni CAKEUSDT	−0.0226%	1h	2.4901	+0.004%	$10K	$668K	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0133%	4h	2.4917	+0.068%	$7K	$14K	10x	as long as short
MEXC CAKE_USDT	+0.0026%	4h	2.4947	+0.189%	$15.2M	$2.9M	125x	as long as short
Binance CAKEUSDTshort	+0.0028%	4h	2.4948	+0.193%	$17.5M	$27.4M	75x
BloFin CAKE-USDTlong	+0.0032%	4h	2.4900	long leg	$985K	$313K	75x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.169%	$113	$52K	5.5x	as long as short
KuCoin CAKEUSDTM	+0.0096%	4h	2.4936	+0.145%	$2.4M	$5.1M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CAKE	+0.0100%	1h	2.4964	+0.257%	$3.1M	$1.8M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4947	+0.189%	$2.3M	$107K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4929	+0.116%	$890K	$587K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4939	+0.157%	$2.6M	$2.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4930	+0.120%	—	$3.8M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0380% / S −0.0214%	1h	2.4947	+0.188%	$37K	—	100x	as long as short