CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0215%/8h= +23.5% APRnext payment +$0.27 per $10,000 · paid last 24h +0.058%

Price spread now: GMX against ApeX Omni−0.060%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

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—needs both histories

Funding pays, the price is against you. GMX is 0.060% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 23 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CAKEUSDT	2.5140	0.0054	pay 0.0007% / 1h	41m 25s	$11K	$684K	50x
Short	GMX CAKE/USD [WBTC.b-USDC]	2.5125	L +0.0417% / S −0.0269%	get 0.0034% / 1h	41m 25s	$37K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against ApeX Omni. 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 ApeX OmnibpFee GMXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $45.14
Price spread: −0.060% → 0.000%: −$6.05
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $17.09
Costs to cover: 0.220%
Break-even: 4.3 days

Slippage unknown: ApeX Omni: live order book, 22 min ago; GMX: 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 ApeX Omni live order book, 22 min ago	4.57 bp	11.9 bp −$12	103.0 bp −$1,030	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	+0.0013%	4h	2.5105	−0.139%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.193%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0054%	4h	2.5128	−0.048%	$996K	$378K	75x	as long as short
ApeX Omni CAKEUSDTlong	+0.0054%	1h	2.5140	long leg	$11K	$684K	50x
Hyperliquid CAKE	+0.0100%	1h	2.5131	−0.036%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5132	−0.033%	$2.4M	$72K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5107	−0.131%	$17.9M	$31.9M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5101	−0.155%	$5.2M	$3.6M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5098	−0.167%	$875K	$648K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5113	−0.107%	$13.7M	$2.9M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.5103	−0.147%	$2.5M	$5.5M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5115	−0.099%	$2.6M	$2.3M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5118	−0.088%	—	$3.7M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5051	−0.356%	$532K	$458K	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]short	L +0.0417% / S −0.0269%	1h	2.5125	−0.060%	$37K	—	100x
Kraken Futures PF_CAKEUSD	+0.1554%	1h	2.5145	+0.022%	$54K	$37K	10x	as long as short