Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: BingX against Hyperliquid−0.137%7-day average −0.054% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 7 days+0.097%+$10 · spread now −0.137%, 7d avg −0.054%
=Together, before fees−0.046%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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: BingX is 0.083% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CAKE | 2.5606 | 0.0100 | pay 0.0013% / 1h | 57m 56s | $3.2M | $2.8M | 3x |
| Short | BingX CAKE-USDT | 2.5571 | 0.0100 | get 0.0050% / 4h | 57m 56s | — | $3.6M | — |
Hyperliquid CAKE
BingX CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Hyperliquid. 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: −0.137% → −0.054%
- −$8.25
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$27.25
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; BingX: live order book, 2 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 Hyperliquid live order book, 3 min ago | 1.17 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 2.55 bp | 9.0 bp −$9 | 12.1 bp −$121 | 25.7 bp −$2,570 | 46.1 bp −$23.0K |
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 | 2.5567 | −0.152% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.648% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKElong | +0.0100% | 1h | 2.5606 | long leg | $3.2M | $2.8M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5588 | −0.071% | $2.4M | $82K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5560 | −0.178% | $18.4M | $36.5M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5570 | −0.141% | $5.3M | $4.0M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5567 | −0.152% | $894K | $751K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5562 | −0.172% | $14.1M | $2.7M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5580 | −0.102% | $2.5M | $5.7M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5583 | −0.090% | $2.7M | $2.7M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
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-USDTshort | +0.0100% | 4h | 2.5571 | −0.137% | — | $3.6M | — | |
| Variational Omni CAKE | +0.0100% | 4h | 2.5522 | −0.330% | $535K | $480K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5511 | −0.371% | $13K | $699K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0115% | 4h | 2.5535 | −0.277% | $998K | $363K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0422% / S −0.0272% | 1h | 2.5578 | −0.109% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0750% | 1h | 2.5587 | −0.073% | $57K | $37K | 10x | as long as short |
Variational Omni CAKE
ApeX Omni CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD