CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.96 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against BloFin+0.056%80s7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as 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−$1151.151% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 4 days (all we have)+0.196%+$20 · spread now +0.056%, 7d avg +0.052%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 80 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	2.5025	0.0080	pay 0.0040% / 4h	1h 21m	$985K	$314K	75x
Short	KuCoin CAKEUSDTM	2.5039	−0.0112	pay 0.0056% / 4h	1h 21m	$2.4M	$5.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$40.22
Price spread: +0.056% → +0.052%: $0.44
Slippage, 4 orders: −$91.08
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$154.86
Costs to cover: 1.151%
Break-even: never at this rate

Slippage from BloFin: live order book, 65 min ago; KuCoin: live order book, 6 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, 65 min ago	0.20 bp	9.8 bp −$10	19.5 bp −$195	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	3.20 bp	41.0 bp −$41	138.0 bp −$1,380	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	−0.0370%	4h	2.5020	−0.020%	$5.2M	$3.4M	50x	as long as short
Variational Omni CAKE	−0.0238%	4h	2.5051	+0.102%	$514K	$414K	—	as long as short
ApeX Omni CAKEUSDT	−0.0181%	1h	2.5046	+0.084%	$11K	$676K	50x	as long as short
KuCoin CAKEUSDTMshort	−0.0112%	4h	2.5039	+0.056%	$2.4M	$5.2M	50x
Orderly PERP_CAKE_USDC	−0.0103%	4h	2.5028	+0.012%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.658%	$113	$52K	5.5x	as long as short
MEXC CAKE_USDT	+0.0060%	4h	2.5041	+0.064%	$13.4M	$2.7M	125x	as long as short
Binance CAKEUSDT	+0.0061%	4h	2.5047	+0.088%	$17.7M	$29.5M	75x	as long as short
BloFin CAKE-USDTlong	+0.0080%	4h	2.5025	long leg	$985K	$314K	75x
Hyperliquid CAKE	+0.0100%	1h	2.5066	+0.164%	$3.1M	$1.8M	3x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CAKEUSDT	+0.0100%	4h	2.5051	+0.103%	$2.4M	$77K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5025	0.000%	$866K	$588K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5045	+0.080%	$2.5M	$2.2M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5033	+0.032%	—	$3.8M	—	as long as short
Kraken Futures PF_CAKEUSD	+0.0379%	1h	2.5067	+0.166%	$52K	$33K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5039	+0.055%	$37K	—	100x	as long as short