CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC+0.036%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.036%, 7d avg −0.015%

Together, before fees−0.201%−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.051% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CAKE_USDT	2.5021	0.0094	pay 0.0047% / 4h	1h 05m	$13.4M	$2.7M	125x
Short	BingX CAKE-USDT	2.5030	0.0100	get 0.0050% / 4h	1h 05m	—	$3.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $1.26
Price spread: +0.036% → −0.015%: $5.06
Slippage, 4 orders: −$14.36
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.04
Costs to cover: 0.284%
Break-even: 129.5 days

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 15 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, 3 min ago	0.20 bp	5.0 bp −$5	30.6 bp −$306	100.5 bp −$10.0K	doesn't fit
Sell BingX live order book, 15 min ago	3.00 bp	8.5 bp −$9	12.2 bp −$122	23.8 bp −$2,375	44.6 bp −$22.3K

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	−0.0219%	4h	2.5020	−0.004%	$5.2M	$3.3M	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0108%	4h	2.5028	+0.028%	$7K	$14K	10x	as long as short
Variational Omni CAKE	−0.0060%	4h	2.5021	−0.002%	$512K	$416K	—	as long as short
KuCoin CAKEUSDTM	−0.0052%	4h	2.5038	+0.068%	$2.4M	$5.2M	50x	as long as short
ApeX Omni CAKEUSDT	−0.0025%	1h	2.5023	+0.008%	$11K	$674K	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.675%	$113	$52K	5.5x	as long as short
MEXC CAKE_USDTlong	+0.0094%	4h	2.5021	long leg	$13.4M	$2.7M	125x
Binance CAKEUSDT	+0.0095%	4h	2.5018	−0.012%	$17.7M	$29.1M	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5048	+0.108%	$3.1M	$1.8M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5044	+0.093%	$2.4M	$77K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CAKE_USDT	+0.0100%	4h	2.5030	+0.036%	$880K	$597K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5045	+0.096%	$2.5M	$2.1M	75x	as long as short
BingX CAKE-USDTshort	+0.0100%	4h	2.5030	+0.036%	—	$3.8M	—
BloFin CAKE-USDT	+0.0120%	4h	2.5019	−0.008%	$990K	$311K	75x	as long as short
Kraken Futures PF_CAKEUSD	+0.0379%	1h	2.5051	+0.118%	$52K	$33K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5036	+0.061%	$37K	—	100x	as long as short