Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.008%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1491.490% of the position
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.008%, 7d avg +0.019%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CAKEUSDT | 2.5520 | 0.0100 | pay 0.0050% / 4h | 2h 28m | $5.3M | $4.1M | 50x |
| Short | Gate CAKE_USDT | 2.5522 | 0.0100 | get 0.0050% / 4h | 2h 28m | $889K | $858K | 75x |
Bybit CAKEUSDT
Gate CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- $0
- Price spread: +0.008% → +0.019%
- −$1.14
- Slippage, 4 orders
- −$122.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$150.1
- Costs to cover
- 1.490%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 57 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, 4 min ago | 1.96 bp | 43.4 bp −$43 | 57.1 bp −$571 | doesn't fit | doesn't fit |
| Sell Gate live order book, 57 min ago | 4.31 bp | 35.7 bp −$36 | 78.6 bp −$786 | 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 | +0.0010% | 4h | 2.5531 | +0.043% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.313% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5578 | +0.227% | $3.2M | $3.4M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5538 | +0.072% | $2.4M | $99K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5542 | +0.088% | $18.3M | $38.9M | 75x | as long as short |
| Bybit CAKEUSDTlong | +0.0100% | 4h | 2.5520 | long leg | $5.3M | $4.1M | 50x | |
| Gate CAKE_USDTshort | +0.0100% | 4h | 2.5522 | +0.008% | $889K | $858K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5539 | +0.074% | $14.3M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5538 | +0.071% | $2.5M | $5.7M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5537 | +0.067% | $2.7M | $2.8M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
MEXC CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAKE-USDT | +0.0100% | 4h | 2.5535 | +0.059% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5504 | −0.063% | $545K | $497K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5511 | −0.035% | $13K | $696K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0119% | 4h | 2.5542 | +0.086% | $995K | $355K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5529 | +0.035% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0495% | 1h | 2.5633 | +0.441% | $57K | $38K | 10x | as long as short |
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD