CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.50 per $10,000 · paid last 24h −0.010%

Price spread now: Orderly against Bitget−0.152%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 −$3 a day on $10k at the current rate, and Orderly is 0.152% cheaper against Bitget than usual: you would sell low and buy high (−$15 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	Bitget CAKEUSDT	2.5599	0.0100	pay 0.0050% / 4h	3h 29m	$2.8M	$3.1M	75x
Short	Orderly PERP_CAKE_USDC	2.5560	0.0000	pay 0.0000% / 4h	3h 29m	$7K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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 BitgetbpFee OrderlybpOrdersPrice spread, now −0.152%Rate

Funding earned: −$21.1
Price spread: −0.152% → 0.000%: −$15.23
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$54.34
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	4.30 bp	12.8 bp −$13	25.3 bp −$253	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	0.0000%	4h	2.5560	−0.152%	$7K	$15K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.621%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0083%	4h	2.5552	−0.184%	$981K	$374K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5579	−0.078%	$3.1M	$3.5M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5582	−0.067%	$2.4M	$113K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5565	−0.133%	$18.0M	$41.0M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5560	−0.152%	$5.3M	$4.4M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5564	−0.137%	$835K	$860K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5565	−0.133%	$14.3M	$2.9M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5566	−0.129%	$2.5M	$5.9M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDTlong	+0.0100%	4h	2.5599	long leg	$2.8M	$3.1M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5568	−0.121%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5530	−0.271%	$544K	$502K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5543	−0.219%	$13K	$692K	50x	as long as short
Kraken Futures PF_CAKEUSD	+0.0394%	1h	2.5651	+0.202%	$57K	$44K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0419% / S −0.0272%	1h	2.5587	−0.047%	$38K	—	100x	as long as short