CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.010%

Price spread now: Orderly against Bybit+0.004%7-day average — · you sell dearer than you buy

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

Long on Bybit 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: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CAKEUSDT	2.5422	0.0100	pay 0.0050% / 4h	1h 50m	$5.3M	$4.1M	50x
Short	Orderly PERP_CAKE_USDC	2.5423	0.0014	get 0.0007% / 4h	1h 50m	$7K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now +0.004%Rate

Funding earned: −$18.09
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.69
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: 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 Bybit live order book, 2 min ago	1.97 bp	30.5 bp −$31	52.5 bp −$525	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	+0.0014%	4h	2.5423	+0.004%	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+0.071%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5466	+0.173%	$3.1M	$3.3M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5454	+0.126%	$2.4M	$89K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5435	+0.051%	$18.3M	$38.5M	75x	as long as short
Bybit CAKEUSDTlong	+0.0100%	4h	2.5422	long leg	$5.3M	$4.1M	50x
Gate CAKE_USDT	+0.0100%	4h	2.5406	−0.063%	$887K	$761K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5434	+0.047%	$14.2M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5451	+0.114%	$2.5M	$5.7M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5449	+0.106%	$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	2.5429	+0.028%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5433	+0.043%	$542K	$491K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5424	+0.008%	$13K	$698K	50x	as long as short
BloFin CAKE-USDT	+0.0106%	4h	2.5408	−0.055%	$995K	$354K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0420% / S −0.0272%	1h	2.5423	+0.003%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0778%	1h	2.5421	−0.005%	$57K	$37K	10x	as long as short