CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.010%

Price spread now: Orderly against BingX−0.070%7-day average — · you buy dearer than you sell

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

Long on BingX 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—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.070% cheaper against BingX than usual: you would sell low and buy high (−$7 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	BingX CAKE-USDT	2.5542	0.0100	pay 0.0050% / 4h	34m 35s	—	$3.6M	—
Short	Orderly PERP_CAKE_USDC	2.5524	0.0027	get 0.0013% / 4h	34m 35s	$7K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now −0.070%Rate

Funding earned: −$15.43
Price spread: −0.070% → 0.000%: −$7.05
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$38.47
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 15 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 BingX live order book, 15 min ago	3.32 bp	10.1 bp −$10	12.6 bp −$126	22.8 bp −$2,278	46.0 bp −$23.0K
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
ApeX Omni CAKEUSDT	−0.0034%	1h	2.5546	+0.016%	$13K	$698K	50x	as long as short
Orderly PERP_CAKE_USDCshort	+0.0027%	4h	2.5524	−0.070%	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.399%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0046%	4h	2.5528	−0.055%	$1.0M	$364K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5570	+0.110%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5558	+0.061%	$2.4M	$80K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5532	−0.039%	$18.3M	$36.2M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5524	−0.070%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5529	−0.051%	$891K	$753K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5540	−0.008%	$14.2M	$2.8M	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	2.5546	+0.016%	$2.5M	$5.6M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5554	+0.047%	$2.7M	$2.7M	75x	as long as short
BingX CAKE-USDTlong	+0.0100%	4h	2.5542	long leg	—	$3.6M	—
Variational Omni CAKE	+0.0100%	4h	2.5532	−0.039%	$536K	$480K	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5548	+0.022%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0750%	1h	2.5606	+0.249%	$55K	$39K	10x	as long as short