CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.74 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit+0.056%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.056%, 7d avg +0.008%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.048% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CAKEUSDT	2.4811	−0.0049	get 0.0024% / 4h	3h 00m	$5.1M	$3.5M	50x
Short	BingX CAKE-USDT	2.4825	0.0100	get 0.0050% / 4h	3h 00m	—	$3.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $31.26
Price spread: +0.056% → +0.008%: $4.8
Slippage, 4 orders: −$45.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$30.14
Costs to cover: 0.662%
Break-even: 13.7 days

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 4 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 Bybit live order book, 2 min ago	2.01 bp	20.9 bp −$21	51.1 bp −$511	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	2.41 bp	9.4 bp −$9	12.5 bp −$125	25.1 bp −$2,511	49.7 bp −$24.9K

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	−0.0109%	1h	2.4889	+0.314%	$10K	$677K	50x	as long as short
Bybit CAKEUSDTlong	−0.0049%	4h	2.4811	long leg	$5.1M	$3.5M	50x
Orderly PERP_CAKE_USDC	−0.0012%	4h	2.4827	+0.064%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.535%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0063%	4h	2.4838	+0.109%	$988K	$318K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.4849	+0.153%	$3.1M	$2.2M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4840	+0.118%	$2.3M	$80K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.4832	+0.085%	$17.6M	$31.1M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4814	+0.012%	$863K	$639K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.4834	+0.093%	$13.1M	$2.8M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.4821	+0.040%	$2.4M	$5.4M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4845	+0.137%	$2.4M	$2.4M	75x	as long as short
BingX CAKE-USDTshort	+0.0100%	4h	2.4825	+0.056%	—	$3.8M	—
Variational Omni CAKE	+0.0100%	4h	2.4806	−0.022%	$508K	$470K	—	as long as short
Kraken Futures PF_CAKEUSD	+0.0354%	1h	2.4894	+0.333%	$52K	$37K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0414% / S −0.0269%	1h	2.4847	+0.144%	$37K	—	100x	as long as short