Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.023%
Price spread now: BloFin against Injective+0.110%114s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.215%+$22 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.110% dearer against Injective than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 114 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 | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | pay 0.0004% / 1h | 19m 21s | $113 | $52K | 5.5x |
| Short | BloFin CAKE-USDT | 2.5468 | 0.0074 | get 0.0037% / 4h | 1h 19m | $1.0M | $365K | 75x |
Injective CAKE/USDC PERP
BloFin CAKE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- $8.44
- Price spread: +0.110% → 0.000%
- $11.01
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $7.42
- Costs to cover
- 0.120%
- Break-even
- 0.8 days
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 63 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 Injective no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 63 min ago | 0.19 bp | 14.5 bp −$15 | 24.2 bp −$242 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.0021% | 4h | 2.5414 | −0.102% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPlong | +0.0033% | 1h | 2.5440 | long leg | $113 | $52K | 5.5x | |
| BloFin CAKE-USDTshort | +0.0074% | 4h | 2.5468 | +0.110% | $1.0M | $365K | 75x | |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5456 | +0.063% | $3.2M | $3.2M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5427 | −0.049% | $2.4M | $87K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5417 | −0.090% | $18.3M | $38.2M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5410 | −0.118% | $5.3M | $4.0M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5413 | −0.106% | $887K | $765K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5418 | −0.086% | $14.1M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5425 | −0.059% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
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 | 2.5431 | −0.035% | $2.7M | $2.8M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5419 | −0.083% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5427 | −0.052% | $533K | $492K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5455 | +0.059% | $13K | $698K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5427 | −0.050% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0777% | 1h | 2.5457 | +0.066% | $57K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD