Funding you earn now, next payment 09:00 UTC−0.0342%/8h= −37.5% APRpaid last 24h −0.023%
Price spread now: ApeX Omni against Gate+0.012%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$980.980% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now +0.012%, 7d avg +0.047%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.035% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.047%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment. 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 | Gate CAKE_USDT | 2.5236 | 0.0100 | pay 0.0050% / 4h | 3h 03m | $901K | $597K | 75x |
| Short | ApeX Omni CAKEUSDT | 2.5239 | −0.0242 | pay 0.0030% / 1h | 3m 00s | $11K | $672K | 50x |
Gate CAKE_USDT
ApeX Omni CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Gate. 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
- −$71.89
- Price spread: +0.012% → +0.047%
- −$3.48
- Slippage, 4 orders
- −$72.99
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$173.36
- Costs to cover
- 0.980%
- Break-even
- never at this rate
Slippage from Gate: live order book, 29 min ago; ApeX Omni: live order book, 30 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 Gate live order book, 29 min ago | 3.01 bp | 35.8 bp −$36 | 144.9 bp −$1,449 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 30 min ago | 7.02 bp | 14.2 bp −$14 | 104.1 bp −$1,041 | 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 | −0.0973% | 4h | 2.5220 | −0.063% | $5.4M | $3.1M | 50x | as long as short |
| Variational Omni CAKE | −0.0643% | 4h | 2.5191 | −0.179% | $521K | $408K | — | as long as short |
| Kraken Futures PF_CAKEUSD | −0.0279% | 1h | 2.5275 | +0.155% | $53K | $45K | 10x | as long as short |
| ApeX Omni CAKEUSDTshort | −0.0242% | 1h | 2.5239 | +0.012% | $11K | $672K | 50x | |
| Orderly PERP_CAKE_USDC | −0.0149% | 4h | 2.5262 | +0.103% | $7K | $13K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.808% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0046% | 4h | 2.5263 | +0.107% | $994K | $317K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0048% | 4h | 2.5226 | −0.040% | $15.6M | $3.0M | 125x | as long as short |
| Binance CAKEUSDT | +0.0053% | 4h | 2.5226 | −0.039% | $17.6M | $26.9M | 75x | as long as short |
| Aster CAKEUSDT | +0.0072% | 4h | 2.5269 | +0.129% | $2.4M | $160K | 10x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
MEXC CAKE_USDT
Binance CAKEUSDT
Aster CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CAKE | +0.0100% | 1h | 2.5269 | +0.131% | $3.2M | $1.9M | 3x | as long as short |
| Gate CAKE_USDTlong | +0.0100% | 4h | 2.5236 | long leg | $901K | $597K | 75x | |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5246 | +0.040% | $2.5M | $5.1M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5235 | −0.004% | $2.6M | $2.0M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5236 | 0.000% | — | $3.9M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0381% / S −0.0214% | 1h | 2.5277 | +0.164% | $37K | — | 100x | as long as short |
Hyperliquid CAKE
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]