Funding you earn now, next payment 12:00 UTC+0.0197%/8h= +21.5% APRnext payment +$0.98 per $10,000 · paid last 24h +0.023%
Price spread now: BloFin against Orderly0.000%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 52 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 | Orderly PERP_CAKE_USDC | 2.5210 | −0.0148 | get 0.0074% / 4h | 2h 57m | $7K | $13K | 10x |
| Short | BloFin CAKE-USDT | 2.5210 | 0.0049 | get 0.0024% / 4h | 2h 57m | $989K | $316K | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Orderly. 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
- $41.29
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $23.29
- Costs to cover
- 0.180%
- Break-even
- 3.1 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 14 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 Orderly no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 14 min ago | 0.40 bp | 12.2 bp −$12 | 18.5 bp −$185 | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | −0.0971% | 4h | 2.5193 | −0.067% | $5.4M | $3.1M | 50x | as long as short |
| Variational Omni CAKE | −0.0648% | 4h | 2.5210 | +0.001% | $521K | $408K | — | as long as short |
| Kraken Futures PF_CAKEUSD | −0.0531% | 1h | 2.5293 | +0.328% | $53K | $45K | 10x | as long as short |
| ApeX Omni CAKEUSDT | −0.0237% | 1h | 2.5226 | +0.063% | $11K | $672K | 50x | as long as short |
| Orderly PERP_CAKE_USDClong | −0.0148% | 4h | 2.5210 | long leg | $7K | $13K | 10x | |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.912% | $113 | $52K | 5.5x | as long as short |
| Binance CAKEUSDT | +0.0044% | 4h | 2.5201 | −0.036% | $17.6M | $26.8M | 75x | as long as short |
| Aster CAKEUSDT | +0.0044% | 4h | 2.5229 | +0.077% | $2.4M | $160K | 10x | as long as short |
| MEXC CAKE_USDT | +0.0046% | 4h | 2.5196 | −0.056% | $15.6M | $2.7M | 125x | as long as short |
| BloFin CAKE-USDTshort | +0.0049% | 4h | 2.5210 | 0.000% | $989K | $316K | 75x |
Show all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CAKE | +0.0100% | 1h | 2.5223 | +0.052% | $3.2M | $1.9M | 3x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5193 | −0.067% | $899K | $508K | 75x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5209 | −0.004% | $2.5M | $5.1M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5201 | −0.036% | $2.6M | $2.0M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5185 | −0.099% | — | $3.9M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0381% / S −0.0214% | 1h | 2.5247 | +0.145% | $37K | — | 100x | as long as short |
BloFin CAKE-USDT
Bybit CAKEUSDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
ApeX Omni CAKEUSDT
Injective CAKE/USDC PERP
Binance CAKEUSDT
Aster CAKEUSDT
MEXC CAKE_USDT
Hyperliquid CAKE
Gate CAKE_USDT
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]