Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Gate−0.235%78s7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$910.908% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now −0.235%, 7d avg −0.002%
=Funding pays, the price is against you. BloFin is 0.234% cheaper against Gate than usual: you would sell low and buy high (spread −0.235% now, against its 7-day average of −0.002%). If the spread goes back, that is −$23 on $10k: about 3 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.153% in total) that is about 11 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CAKE_USDT | 2.5088 | 0.0100 | pay 0.0050% / 4h | 43m 49s | $874K | $641K | 75x |
| Short | BloFin CAKE-USDT | 2.5029 | 0.0110 | get 0.0055% / 4h | 43m 49s | $996K | $366K | 75x |
Gate CAKE_USDT
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $2.06
- Price spread: −0.235% → −0.002%
- −$23.35
- Slippage, 4 orders
- −$63.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$112.07
- Costs to cover
- 0.908%
- Break-even
- 387.5 days
Slippage from Gate: live order book, 13 min ago; BloFin: live order book, 8 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, 13 min ago | 3.58 bp | 32.9 bp −$33 | 133.1 bp −$1,331 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 1.00 bp | 7.4 bp −$7 | 15.0 bp −$150 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDT | −0.0075% | 1h | 2.5020 | −0.271% | $10K | $679K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | +0.0013% | 4h | 2.5095 | +0.028% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.403% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5122 | +0.136% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5117 | +0.118% | $2.4M | $76K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5090 | +0.009% | $17.9M | $31.3M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5090 | +0.008% | $5.2M | $3.6M | 50x | as long as short |
| Gate CAKE_USDTlong | +0.0100% | 4h | 2.5088 | long leg | $874K | $641K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5091 | +0.012% | $13.6M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5097 | +0.036% | $2.4M | $5.4M | 50x | as long as short |
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5100 | +0.048% | $2.6M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5094 | +0.024% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5000 | −0.349% | $519K | $469K | — | as long as short |
| BloFin CAKE-USDTshort | +0.0110% | 4h | 2.5029 | −0.235% | $996K | $366K | 75x | |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5108 | +0.078% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0746% | 1h | 2.5203 | +0.460% | $53K | $38K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD