Funding you earn now, next payment 08:00 UTC−0.0296%/8h= −32.4% APRnext payment −$1.48 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against Gate−0.008%7-day average −0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.008%, 7d avg −0.008%
=Together, before fees+0.008%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.037% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.48 per $10,000. 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 | 2.4913 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $864K | $609K | 75x |
| Short | Variational Omni CAKE | 2.4911 | −0.0196 | pay 0.0098% / 4h | 2h 22m | $510K | $433K | — |
Gate CAKE_USDT
Variational Omni CAKEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational 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
- −$62.14
- Price spread: −0.008% → −0.008%
- −$0.02
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$77.16
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 25 min ago; Variational Omni: RFQ quote, 27 min ago. Net counts fees only.
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, 25 min ago | 3.20 bp | 38.5 bp −$39 | 140.7 bp −$1,407 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 27 min ago | 4.73 bp | doesn't fit | 54.4 bp −$544 | 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 | −0.0841% | 4h | 2.4900 | −0.052% | $5.1M | $3.5M | 50x | as long as short |
| ApeX Omni CAKEUSDT | −0.0336% | 1h | 2.4913 | 0.000% | $11K | $677K | 50x | as long as short |
| Variational Omni CAKEshort | −0.0196% | 4h | 2.4911 | −0.008% | $510K | $433K | — | |
| KuCoin CAKEUSDTM | −0.0066% | 4h | 2.4903 | −0.040% | $2.4M | $5.3M | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0061% | 4h | 2.4907 | −0.024% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +2.115% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4936 | +0.091% | $3.1M | $2.0M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4941 | +0.112% | $2.3M | $77K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4919 | +0.023% | $17.5M | $30.4M | 75x | as long as short |
| Gate CAKE_USDTlong | +0.0100% | 4h | 2.4913 | long leg | $864K | $609K | 75x |
Bybit CAKEUSDT
ApeX Omni CAKEUSDT
KuCoin CAKEUSDTM
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4917 | +0.016% | $13.2M | $2.8M | 125x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4946 | +0.132% | $2.5M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4915 | +0.008% | — | $3.8M | — | as long as short |
| BloFin CAKE-USDT | +0.0129% | 4h | 2.4895 | −0.072% | $979K | $315K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.4926 | +0.053% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0703% | 1h | 2.4986 | +0.292% | $52K | $37K | 10x | as long as short |
MEXC CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD