CAKE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ApeX OmniCAKEUSDT	2.5918	−0.0355	get 0.0044% / 1h	50m 02s	$9K	$633K	50x	Long ApeX Omni5% off
SHORT	PhemexCAKEUSDT	2.5940	+0.0100	get 0.0050% / 4h	3h 50m	$1.4M	$868K	50x	Short Phemex

Price gap+0.085%62s

Funding gap+0.0455% /8h

Both sides work: funding pays +$14 a day on $10k, and the gap is 0.080% above its 7d average: +$8 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$24+0.0455% /8h now · paid +0.242% over the last 7D

Price—spread +0.085%62s now · prices read too far apart to compare

Costs−$1041.037% of $10k · taker + slippage, in and out

Result—no pointsneeds both prices read together

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.242% in total, about +0.0115%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.085%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CAKE on 17 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size14.1 / 42.7 bp
At $10k entering Phemex costs 42.7 bp, fee and slippage, 3.0× ApeX Omni’s.
Note: Margin at max leverage$200 + $200
ApeX Omni 50x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$13.64Long ApeX Omni: 24 payments, +$10.64; short Phemex: 6 payments, +$3.00.
Watch: Prices read 62 s apart+0.085% vs +0.005%
Part of this gap may be the market moving.
Watch: Long leg is thinner$9K vs $1.4M OI
ApeX Omni sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCApeX Omni No · Phemex Yes
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0115%/8h × 21 periods+$24.19

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$81.68

Fee ApeX Omni bp × 2 orders−$10.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$79.49

price spread not counted: prices read too far apart

Costs to cover1.037%Break-even30.0 days

Slippage: ApeX Omni: live order book, 20 min ago; Phemex: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGApeX Omni5.6014.1 bp−$14102.7 bp−$1,027doesn’t fitdoesn’t fit

SELL · SHORTPhemex1.3542.7 bp−$43163.8 bp−$1,638doesn’t fitdoesn’t fit

Closing costs about the same again.

CAKE news

posts that mention CAKE, from every exchangeSearch all news →

09-24 18:20	Phemex	Other	Phemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗
09-24 09:36	Phemex	Listing	new market CAKEUSDT ($CAKE) seen by our collector