Funding arb · Price arb /

CAKE

all CAKE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.118%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.118%, 7d avg +0.015%

Together, before fees+0.108%+$11 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: Bitget is 0.103% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CAKEUSDT	2.5450	0.0100	pay 0.0050% / 4h	3h 11m	$5.3M	$3.8M	50x
Short	Bitget CAKEUSDT	2.5480	0.0100	get 0.0050% / 4h	3h 11m	$2.7M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.015%: $10.31
Slippage, 4 orders: −$58.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$71.06
Costs to cover: 0.814%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	1.97 bp	23.4 bp −$23	77.6 bp −$776	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.14 bp	19.0 bp −$19	35.0 bp −$350	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
Orderly PERP_CAKE_USDC	+0.0024%	4h	2.5460	+0.039%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.039%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0083%	4h	2.5496	+0.181%	$998K	$365K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5506	+0.220%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5481	+0.123%	$2.4M	$78K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5463	+0.050%	$18.2M	$34.8M	75x	as long as short
Bybit CAKEUSDTlong	+0.0100%	4h	2.5450	long leg	$5.3M	$3.8M	50x
Gate CAKE_USDT	+0.0100%	4h	2.5466	+0.063%	$894K	$684K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5466	+0.063%	$14.1M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5472	+0.086%	$2.5M	$5.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDTshort	+0.0100%	4h	2.5480	+0.118%	$2.7M	$2.6M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5461	+0.043%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5436	−0.056%	$533K	$443K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5507	+0.224%	$11K	$698K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5465	+0.058%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0708%	1h	2.5517	+0.264%	$55K	$37K	10x	as long as short