Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.002%
Price spread now: BloFin against Hyperliquid−0.153%7-day average −0.055% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.153%, 7d avg −0.055%
=Together, before fees+0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.098% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of −0.055%). If the spread goes back, that is −$10 on $10k: about 8.2 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CAKE | 2.5498 | 0.0100 | pay 0.0013% / 1h | 10m 59s | $3.2M | $2.7M | 3x |
| Short | BloFin CAKE-USDT | 2.5459 | 0.0140 | get 0.0070% / 4h | 3h 10m | $997K | $360K | 75x |
Hyperliquid CAKE
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $8.39
- Price spread: −0.153% → −0.055%
- −$9.79
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$22.41
- Costs to cover
- 0.210%
- Break-even
- 25.7 days
Slippage unknown: Hyperliquid: live order book, 10 min ago; BloFin: live order book, 56 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, 10 min ago | 0.59 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 56 min ago | 0.79 bp | 8.7 bp −$9 | 18.6 bp −$186 | 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 | +0.0024% | 4h | 2.5460 | −0.149% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.227% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKElong | +0.0100% | 1h | 2.5498 | long leg | $3.2M | $2.7M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5475 | −0.088% | $2.4M | $78K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5456 | −0.163% | $18.2M | $34.8M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5441 | −0.224% | $5.3M | $3.8M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5464 | −0.133% | $893K | $684K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5461 | −0.145% | $14.1M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5461 | −0.145% | $2.5M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5475 | −0.090% | $2.7M | $2.6M | 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-USDT | +0.0100% | 4h | 2.5453 | −0.176% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5436 | −0.244% | $533K | $443K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5507 | +0.035% | $11K | $698K | 50x | as long as short |
| BloFin CAKE-USDTshort | +0.0140% | 4h | 2.5459 | −0.153% | $997K | $360K | 75x | |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5465 | −0.130% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0708% | 1h | 2.5513 | +0.059% | $55K | $37K | 10x | as long as short |
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD