Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC−0.012%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.012%, 7d avg −0.001%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CAKE_USDT | 2.5155 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $13.7M | $2.9M | 125x |
| Short | Binance CAKEUSDT | 2.5152 | 0.0100 | get 0.0050% / 4h | 2h 01m | $17.9M | $32.4M | 75x |
MEXC CAKE_USDT
Binance CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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: −0.012% → −0.001%
- −$1.06
- Slippage, 4 orders
- −$20.03
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$35.09
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 10 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 MEXC live order book, 2 min ago | 0.60 bp | 5.3 bp −$5 | 37.4 bp −$374 | 106.3 bp −$10.6K | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.19 bp | 11.8 bp −$12 | 28.5 bp −$285 | 119.3 bp −$11.9K | doesn't fit |
CAKE on 15 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 | +0.0013% | 4h | 2.5152 | −0.012% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.133% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5175 | +0.078% | $3.1M | $2.6M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5172 | +0.067% | $2.4M | $76K | 10x | as long as short |
| Binance CAKEUSDTshort | +0.0100% | 4h | 2.5152 | −0.012% | $17.9M | $32.4M | 75x | |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5140 | −0.060% | $5.3M | $3.6M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5139 | −0.064% | $877K | $673K | 75x | as long as short |
| MEXC CAKE_USDTlong | +0.0100% | 4h | 2.5155 | long leg | $13.7M | $2.9M | 125x | |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5147 | −0.032% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5169 | +0.056% | $2.6M | $2.4M | 75x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Hyperliquid CAKE
Aster CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAKE-USDT | +0.0100% | 4h | 2.5149 | −0.024% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5131 | −0.097% | $533K | $458K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5163 | +0.032% | $11K | $682K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0417% / S −0.0269% | 1h | 2.5166 | +0.045% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0831% | 1h | 2.5201 | +0.182% | $54K | $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