Spread before costs (cost unknown: a leg has no order-book sample)+0.287%
7d average—if it closes, per $10,000$29funding while held, a day+$26.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CAKE | 2.5406 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $543K | $517K | — |
| Short | Kraken Futures PF_CAKEUSD | 2.5479 | 0.0970 | get 0.0121% / 1h | 15m 56s | $58K | $48K | 10x |
Variational Omni CAKE
Kraken Futures PF_CAKEUSDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $28.67
- Funding while held
- $26.1
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $44.76
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 20 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0870%
- Per $10,000 a day
- +$26.10
- Average in range /8h
- —
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, 20 min ago | 4.67 bp | doesn't fit | 74.8 bp −$748 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni2.5406cheapest
BloFin2.5414+0.032%Bybit2.5430+0.095%Gate2.5430+0.095%BingX2.5433+0.107%Binance2.5439+0.131%Injective2.5440+0.134%MEXC2.5443+0.146%ApeX Omni2.5445+0.154%Orderly2.5446+0.158%Hyperliquid2.5453+0.185%Bitget2.5458+0.205%KuCoin2.5459+0.209%GMX2.5463+0.225%Aster2.5470+0.251%
BloFin
Bybit
Gate
BingX
Binance
Injective
MEXC
ApeX Omni
Orderly
Hyperliquid
Bitget
KuCoin
GMX
AsterKraken Futures2.5479+0.287%
CAKE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni CAKElong | 0.000% | +0.0100% | 4h | $543K | $517K | — | |
| BloFin CAKE-USDT | +0.032% | +0.0136% | 4h | $987K | $389K | 75x | as long as short |
| Bybit CAKEUSDT | +0.095% | +0.0100% | 4h | $5.3M | $4.4M | 50x | as long as short |
| Gate CAKE_USDT | +0.095% | +0.0100% | 4h | $849K | $1.1M | 75x | as long as short |
| BingX CAKE-USDT | +0.107% | +0.0100% | 4h | — | $3.4M | — | as long as short |
| Binance CAKEUSDT | +0.131% | +0.0100% | 4h | $17.8M | $41.4M | 75x | as long as short |
| Injective CAKE/USDC PERP | +0.134% | +0.0033% | 1h | $113 | $52K | 5.5x | as long as short |
| MEXC CAKE_USDT | +0.146% | +0.0100% | 4h | $13.1M | $2.8M | 125x | as long as short |
| ApeX Omni CAKEUSDT | +0.154% | +0.0100% | 1h | $15K | $699K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | +0.158% | +0.0040% | 4h | $7K | $15K | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid CAKE | +0.185% | +0.0100% | 1h | $3.0M | $4.1M | 3x | as long as short |
| Bitget CAKEUSDT | +0.205% | +0.0100% | 4h | $2.7M | $3.1M | 75x | as long as short |
| KuCoin CAKEUSDTM | +0.209% | +0.0100% | 4h | $2.5M | $5.9M | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | +0.225% | L +0.0422% / S −0.0272% | 1h | $38K | — | 100x | as long as short |
| Aster CAKEUSDT | +0.251% | +0.0100% | 4h | $2.4M | $127K | 10x | as long as short |
| Kraken Futures PF_CAKEUSDshort | +0.287% | +0.0970% | 1h | $58K | $48K | 10x |