CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.009%

Price spread now: Injective against ApeX Omni+0.828%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

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. Injective is 0.828% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.828% now, against zero (this spread has no 7-day history yet)): +$83 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 56 days. Mind the row above: over the last 7 days funding on this pair paid +0.069%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CAKEUSDT	2.5231	0.0083	pay 0.0010% / 1h	30m 38s	$11K	$684K	50x
Short	Injective CAKE/USDC PERP	2.5440	0.0033	get 0.0004% / 1h	30m 38s	$113	$52K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.828%Rate

Funding earned: −$10.35
Price spread: +0.828% → 0.000%: $82.83
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $62.46
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 38 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 ApeX Omni live order book, 38 min ago	5.90 bp	13.5 bp −$13	102.4 bp −$1,024	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 15 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	+0.0019%	4h	2.5215	−0.063%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERPshort	+0.0033%	1h	2.5440	+0.828%	$113	$52K	5.5x
ApeX Omni CAKEUSDTlong	+0.0083%	1h	2.5231	long leg	$11K	$684K	50x
Hyperliquid CAKE	+0.0100%	1h	2.5235	+0.016%	$3.2M	$2.6M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5240	+0.037%	$2.4M	$76K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5220	−0.044%	$18.0M	$33.8M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5217	−0.055%	$5.3M	$3.7M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5207	−0.095%	$878K	$670K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5220	−0.044%	$13.8M	$2.9M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5220	−0.044%	$2.4M	$5.5M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	2.5233	+0.008%	$2.6M	$2.5M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5218	−0.052%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5191	−0.158%	$536K	$458K	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0417% / S −0.0269%	1h	2.5224	−0.028%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0830%	1h	2.5250	+0.073%	$54K	$37K	10x	as long as short