Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.34 per $10,000 · paid last 24h +0.018%
Price spread now: KuCoin against Orderly+0.112%7-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 pays, funding is against you. KuCoin is 0.112% dearer against Orderly than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_CAKE_USDC | 2.4996 | −0.0088 | get 0.0044% / 4h | 1h 46m | $7K | $14K | 10x |
| Short | KuCoin CAKEUSDTM | 2.5024 | −0.0156 | pay 0.0078% / 4h | 1h 46m | $2.4M | $5.2M | 50x |
Orderly PERP_CAKE_USDC
KuCoin CAKEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$14.21
- Price spread: +0.112% → 0.000%
- $11.2
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$21.01
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago | 3.99 bp | 35.0 bp −$35 | 119.4 bp −$1,194 | 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 | −0.0628% | 4h | 2.4990 | −0.024% | $5.2M | $3.4M | 50x | as long as short |
| Variational Omni CAKE | −0.0310% | 4h | 2.5041 | +0.180% | $514K | $434K | — | as long as short |
| ApeX Omni CAKEUSDT | −0.0286% | 1h | 2.5080 | +0.336% | $11K | $675K | 50x | as long as short |
| KuCoin CAKEUSDTMshort | −0.0156% | 4h | 2.5024 | +0.112% | $2.4M | $5.2M | 50x | |
| Orderly PERP_CAKE_USDClong | −0.0088% | 4h | 2.4996 | long leg | $7K | $14K | 10x | |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.776% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0061% | 4h | 2.5061 | +0.260% | $987K | $317K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0082% | 4h | 2.5000 | +0.016% | $13.3M | $2.7M | 125x | as long as short |
| Binance CAKEUSDT | +0.0082% | 4h | 2.4989 | −0.029% | $17.6M | $29.6M | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5032 | +0.144% | $3.1M | $1.9M | 3x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
Injective CAKE/USDC PERP
BloFin CAKE-USDT
MEXC CAKE_USDT
Binance CAKEUSDT
Hyperliquid CAKEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CAKEUSDT | +0.0100% | 4h | 2.5045 | +0.197% | $2.4M | $77K | 10x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5029 | +0.132% | $867K | $587K | 75x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5003 | +0.028% | $2.5M | $2.2M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5011 | +0.060% | — | $3.8M | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0379% | 1h | 2.5034 | +0.151% | $52K | $34K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5009 | +0.053% | $37K | — | 100x | as long as short |
Aster CAKEUSDT
Gate CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]