CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.47 per $10,000 · paid last 24h −0.010%

Price spread now: Orderly against Gate+0.079%7-day average — · you sell dearer than you buy

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

Long on Gate 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 pays, funding is against you. Orderly is 0.079% dearer against Gate than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CAKE_USDT	2.5438	0.0100	pay 0.0050% / 4h	2h 41m	$886K	$858K	75x
Short	Orderly PERP_CAKE_USDC	2.5458	0.0006	get 0.0003% / 4h	2h 41m	$7K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now +0.079%Rate

Funding earned: −$19.72
Price spread: +0.079% → 0.000%: $7.86
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$32.86
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 45 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 Gate live order book, 45 min ago	4.31 bp	35.7 bp −$36	102.6 bp −$1,026	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	+0.0006%	4h	2.5458	+0.079%	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+0.008%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5504	+0.260%	$3.1M	$3.3M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5469	+0.121%	$2.4M	$99K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5460	+0.086%	$18.2M	$39.0M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5450	+0.047%	$5.3M	$4.1M	50x	as long as short
Gate CAKE_USDTlong	+0.0100%	4h	2.5438	long leg	$886K	$858K	75x
MEXC CAKE_USDT	+0.0100%	4h	2.5461	+0.090%	$14.2M	$2.9M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5460	+0.086%	$2.5M	$5.7M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5458	+0.079%	$2.7M	$3.0M	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	2.5451	+0.051%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5430	−0.031%	$543K	$497K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5457	+0.075%	$13K	$696K	50x	as long as short
BloFin CAKE-USDT	+0.0104%	4h	2.5459	+0.083%	$996K	$352K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0420% / S −0.0272%	1h	2.5469	+0.123%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0497%	1h	2.5483	+0.177%	$57K	$38K	10x	as long as short