Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against Variational Omni−0.250%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.250% cheaper against Variational Omni than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CAKE | 2.5504 | 0.0100 | pay 0.0050% / 4h | 2h 29m | $545K | $497K | — |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 29m 21s | $113 | $52K | 5.5x |
Variational Omni CAKE
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- Price spread: −0.250% → 0.000%
- −$25.04
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$39.06
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 59 min ago; Injective: no order-book sample. 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 Variational Omni RFQ quote, 59 min ago | 6.63 bp | doesn't fit | 73.6 bp −$736 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDC | +0.0010% | 4h | 2.5531 | +0.106% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | −0.250% | $113 | $52K | 5.5x | |
| BloFin CAKE-USDT | +0.0092% | 4h | 2.5517 | +0.052% | $996K | $354K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5566 | +0.244% | $3.2M | $3.4M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5533 | +0.114% | $2.4M | $99K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5534 | +0.118% | $18.3M | $38.8M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5520 | +0.063% | $5.3M | $4.1M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5514 | +0.040% | $889K | $858K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5536 | +0.126% | $14.3M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5537 | +0.130% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5542 | +0.150% | $2.7M | $2.8M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5533 | +0.114% | — | $3.5M | — | as long as short |
| Variational Omni CAKElong | +0.0100% | 4h | 2.5504 | long leg | $545K | $497K | — | |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5511 | +0.028% | $13K | $696K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5529 | +0.098% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0495% | 1h | 2.5633 | +0.505% | $57K | $38K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD