CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0202%/8h= +22.1% APRnext payment +$1.01 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against KuCoin+0.024%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1151.151% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)−0.275%−$28 · spread now +0.024%, 7d avg −0.052%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.075% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CAKEUSDTM	2.5070	−0.0116	get 0.0058% / 4h	1h 25m	$2.4M	$5.2M	50x
Short	BloFin CAKE-USDT	2.5076	0.0086	get 0.0043% / 4h	1h 25m	$987K	$314K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now +0.024%Rate

Funding earned: $42.47
Price spread: +0.024% → −0.052%: $7.55
Slippage, 4 orders: −$91.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$65.07
Costs to cover: 1.151%
Break-even: 17.7 days

Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 62 min ago.

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 KuCoin live order book, 3 min ago	3.20 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 62 min ago	0.20 bp	16.4 bp −$16	29.8 bp −$298	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	−0.0414%	4h	2.5060	−0.040%	$5.2M	$3.4M	50x	as long as short
Variational Omni CAKE	−0.0238%	4h	2.5051	−0.077%	$514K	$414K	—	as long as short
ApeX Omni CAKEUSDT	−0.0181%	1h	2.5046	−0.096%	$11K	$676K	50x	as long as short
KuCoin CAKEUSDTMlong	−0.0116%	4h	2.5070	long leg	$2.4M	$5.2M	50x
Orderly PERP_CAKE_USDC	−0.0102%	4h	2.5067	−0.012%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.476%	$113	$52K	5.5x	as long as short
MEXC CAKE_USDT	+0.0054%	4h	2.5070	0.000%	$13.4M	$2.7M	125x	as long as short
Binance CAKEUSDT	+0.0056%	4h	2.5066	−0.017%	$17.7M	$29.5M	75x	as long as short
BloFin CAKE-USDTshort	+0.0086%	4h	2.5076	+0.024%	$987K	$314K	75x
Hyperliquid CAKE	+0.0100%	1h	2.5069	−0.004%	$3.1M	$1.9M	3x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CAKEUSDT	+0.0100%	4h	2.5086	+0.064%	$2.4M	$77K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5051	−0.076%	$867K	$588K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5068	−0.008%	$2.5M	$2.2M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5055	−0.060%	—	$3.8M	—	as long as short
Kraken Futures PF_CAKEUSD	+0.0378%	1h	2.5079	+0.038%	$52K	$34K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5048	−0.086%	$37K	—	100x	as long as short