CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.43 per $10,000 · paid last 24h −0.010%

Price spread now: Orderly against Aster−0.144%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.144% cheaper against Aster than usual: you would sell low and buy high (−$14 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	Aster CAKEUSDT	2.5465	0.0100	pay 0.0050% / 4h	1h 56m	$2.4M	$89K	10x
Short	Orderly PERP_CAKE_USDC	2.5428	0.0015	get 0.0007% / 4h	1h 56m	$7K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aster. 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 AsterbpFee OrderlybpOrdersPrice spread, now −0.144%Rate

Funding earned: −$17.92
Price spread: −0.144% → 0.000%: −$14.42
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$46.34
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Orderly: 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 Aster live order book, 2 min ago	5.11 bp	33.1 bp −$33	1264.0 bp −$12.6K	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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_USDCshort	+0.0015%	4h	2.5428	−0.144%	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.097%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5492	+0.107%	$3.2M	$3.3M	3x	as long as short
Aster CAKEUSDTlong	+0.0100%	4h	2.5465	long leg	$2.4M	$89K	10x
Binance CAKEUSDT	+0.0100%	4h	2.5464	−0.002%	$18.3M	$38.6M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5432	−0.128%	$5.3M	$4.1M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5428	−0.144%	$887K	$761K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5451	−0.054%	$14.2M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5461	−0.015%	$2.5M	$5.7M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5472	+0.029%	$2.7M	$2.8M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CAKE-USDT	+0.0100%	4h	2.5456	−0.034%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5434	−0.120%	$542K	$491K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5443	−0.085%	$13K	$697K	50x	as long as short
BloFin CAKE-USDT	+0.0104%	4h	2.5430	−0.136%	$995K	$355K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0420% / S −0.0272%	1h	2.5430	−0.137%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0773%	1h	2.5582	+0.459%	$57K	$37K	10x	as long as short