Funding you earn now, next payment 11:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h −0.128%
Price spread now: Injective against Kraken Futures+1.603%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.869%−$87 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 Injective is 1.603% dearer against Kraken Futures than usual: you sell high and buy low: +$160 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.869%, so the current rate has only just turned in your favour. The two prices were read 63 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 | Kraken Futures PF_CAKEUSD | 2.5039 | −0.0005 | get 0.0001% / 1h | 51m 39s | $56K | $45K | 10x |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 51m 39s | $113 | $52K | 5.5x |
Kraken Futures PF_CAKEUSD
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Kraken Futures. 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
- $8.03
- Price spread: +1.603% → 0.000%
- $160.25
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $158.26
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Injective: no order-book sample. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Kraken Futures and 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CAKE | −0.0149% | 4h | 2.5029 | −0.040% | $495K | $426K | — | as long as short |
| Orderly PERP_CAKE_USDC | −0.0090% | 4h | 2.4991 | −0.191% | $7K | $13K | 10x | as long as short |
| Kraken Futures PF_CAKEUSDlong | −0.0005% | 1h | 2.5039 | long leg | $56K | $45K | 10x | |
| Aster CAKEUSDT | −0.0001% | 4h | 2.5002 | −0.147% | $2.3M | $181K | 10x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | +1.603% | $113 | $52K | 5.5x | |
| BloFin CAKE-USDT | +0.0051% | 4h | 2.5007 | −0.127% | $1.0M | $306K | 75x | as long as short |
| ApeX Omni CAKEUSDT | +0.0061% | 1h | 2.5033 | −0.023% | $11K | $669K | 50x | as long as short |
| BingX CAKE-USDT | +0.0070% | 4h | 2.4992 | −0.187% | — | $4.2M | — | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5022 | −0.067% | $3.1M | $1.3M | 3x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4995 | −0.175% | $17.5M | $25.4M | 75x | as long as short |
Variational Omni CAKE
Orderly PERP_CAKE_USDC
Aster CAKEUSDT
BloFin CAKE-USDT
ApeX Omni CAKEUSDT
BingX CAKE-USDT
Hyperliquid CAKE
Binance CAKEUSDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5010 | −0.115% | $5.4M | $3.1M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4991 | −0.191% | $898K | $512K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4994 | −0.179% | $15.6M | $2.6M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.4999 | −0.159% | $2.4M | $5.2M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5000 | −0.155% | $2.6M | $2.0M | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0379% / S −0.0214% | 1h | 2.5014 | −0.097% | $37K | — | 100x | as long as short |
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]