CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.010%

Price spread now: Orderly against BloFin−0.008%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CAKE-USDT	2.5462	0.0054	pay 0.0027% / 4h	2h 34m	$991K	$353K	75x
Short	Orderly PERP_CAKE_USDC	2.5460	0.0009	get 0.0004% / 4h	2h 34m	$7K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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 BloFinbpFee OrderlybpOrdersPrice spread, now −0.008%Rate

Funding earned: −$9.62
Price spread: −0.008% → 0.000%: −$0.79
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$28.4
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 52 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 BloFin live order book, 52 min ago	0.78 bp	12.7 bp −$13	28.2 bp −$282	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	+0.0009%	4h	2.5460	−0.008%	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.086%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDTlong	+0.0054%	4h	2.5462	long leg	$991K	$353K	75x
Hyperliquid CAKE	+0.0100%	1h	2.5519	+0.224%	$3.1M	$3.3M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5487	+0.096%	$2.4M	$99K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5480	+0.069%	$18.3M	$38.9M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5470	+0.031%	$5.3M	$4.1M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5453	−0.035%	$887K	$858K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5480	+0.071%	$14.3M	$2.9M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5475	+0.051%	$2.5M	$5.7M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	2.5480	+0.071%	$2.7M	$2.8M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5476	+0.055%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5459	−0.011%	$544K	$497K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5480	+0.071%	$13K	$696K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0420% / S −0.0272%	1h	2.5470	+0.030%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0497%	1h	2.5499	+0.145%	$57K	$38K	10x	as long as short