CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0320%/8h= −35.1% APRnext payment −$0.40 per $10,000 · paid last 24h −0.099%

Price spread now: ApeX Omni against GMX−0.037%68s7-day average — · you buy dearer than you sell

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

Long on GMX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 −$10 a day on $10k at the current rate, and ApeX Omni is 0.037% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CAKE/USD [WBTC.b-USDC]	2.5489	L +0.0420% / S −0.0272%	pay 0.0053% / 1h	32m 23s	$38K	—	100x
Short	ApeX Omni CAKEUSDT	2.5480	0.0100	get 0.0013% / 1h	32m 23s	$13K	$696K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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 GMXbpFee ApeX OmnibpOrdersPrice spread, now −0.037%Rate

Funding earned: −$67.26
Price spread: −0.037% → 0.000%: −$3.68
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$92.94
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 56 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 56 min ago	4.50 bp	13.9 bp −$14	95.9 bp −$959	doesn't fit	doesn't fit

GMX: 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_USDC	+0.0009%	4h	2.5478	−0.045%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.194%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5520	+0.120%	$3.1M	$3.3M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5495	+0.024%	$2.4M	$99K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5481	−0.033%	$18.3M	$38.9M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5470	−0.076%	$5.3M	$4.1M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5475	−0.056%	$888K	$858K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5481	−0.033%	$14.3M	$2.9M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5493	+0.014%	$2.5M	$5.7M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5474	−0.060%	$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	2.5484	−0.021%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5459	−0.119%	$544K	$497K	—	as long as short
ApeX Omni CAKEUSDTshort	+0.0100%	1h	2.5480	−0.037%	$13K	$696K	50x
BloFin CAKE-USDT	+0.0128%	4h	2.5488	−0.005%	$992K	$354K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]long	L +0.0420% / S −0.0272%	1h	2.5489	long leg	$38K	—	100x
Kraken Futures PF_CAKEUSD	+0.0497%	1h	2.5502	+0.051%	$57K	$38K	10x	as long as short