Funding you earn now, next payment 08:00 UTC−0.0394%/8h= −43.1% APRnext payment −$1.97 per $10,000 · paid last 24h +0.002%
Price spread now: Variational Omni against BloFin−0.013%7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.105%−$10 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.013%, 7d avg −0.010%
=Together, before fees+0.082%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.105% in total (about -10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CAKE-USDT | 2.4974 | 0.0087 | pay 0.0044% / 4h | 1h 31m | $988K | $313K | 75x |
| Short | Variational Omni CAKE | 2.4971 | −0.0306 | pay 0.0153% / 4h | 1h 31m | $513K | $434K | — |
BloFin CAKE-USDT
Variational Omni CAKEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BloFin. 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
- −$82.66
- Price spread: −0.013% → −0.010%
- −$0.31
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$94.97
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 56 min ago; Variational Omni: RFQ quote, 13 min ago. 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 BloFin live order book, 56 min ago | 0.20 bp | 9.8 bp −$10 | 19.5 bp −$195 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 13 min ago | 6.73 bp | doesn't fit | 74.4 bp −$744 | 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 | −0.0500% | 4h | 2.4980 | +0.024% | $5.2M | $3.4M | 50x | as long as short |
| Variational Omni CAKEshort | −0.0306% | 4h | 2.4971 | −0.013% | $513K | $434K | — | |
| ApeX Omni CAKEUSDT | −0.0263% | 1h | 2.4982 | +0.032% | $11K | $675K | 50x | as long as short |
| KuCoin CAKEUSDTM | −0.0136% | 4h | 2.4993 | +0.076% | $2.4M | $5.2M | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0101% | 4h | 2.4977 | +0.012% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.866% | $113 | $52K | 5.5x | as long as short |
| MEXC CAKE_USDT | +0.0050% | 4h | 2.4976 | +0.008% | $13.3M | $2.7M | 125x | as long as short |
| Binance CAKEUSDT | +0.0051% | 4h | 2.4978 | +0.016% | $17.6M | $29.5M | 75x | as long as short |
| BloFin CAKE-USDTlong | +0.0087% | 4h | 2.4974 | long leg | $988K | $313K | 75x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5003 | +0.116% | $3.1M | $1.9M | 3x | as long as short |
Bybit CAKEUSDT
ApeX Omni CAKEUSDT
KuCoin CAKEUSDTM
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
MEXC CAKE_USDT
Binance CAKEUSDT
Hyperliquid CAKEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CAKEUSDT | +0.0100% | 4h | 2.5007 | +0.130% | $2.4M | $77K | 10x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4967 | −0.028% | $865K | $588K | 75x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4992 | +0.072% | $2.5M | $2.2M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4972 | −0.008% | — | $3.8M | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0379% | 1h | 2.5029 | +0.220% | $52K | $34K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.4998 | +0.097% | $37K | — | 100x | as long as short |
Aster CAKEUSDT
Gate CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]