CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0382%/8h= −41.8% APRnext payment −$0.48 per $10,000 · paid last 24h −0.110%

Price spread now: Injective against GMX+1.970%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Injective

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

The price spread pays, funding is against you. Injective is 1.970% dearer against GMX than usual: you sell high and buy low (spread +1.970% now, against zero (this spread has no 7-day history yet)): +$197 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CAKE/USD [WBTC.b-USDC]	2.4949	L +0.0415% / S −0.0269%	pay 0.0052% / 1h	52m 33s	$37K	—	100x
Short	Injective CAKE/USDC PERP	2.5440	0.0033	get 0.0004% / 1h	52m 33s	$113	$52K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.970%Rate

Funding earned: −$80.24
Price spread: +1.970% → 0.000%: $196.96
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $104.69
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Injective: 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 GMX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

GMX and Injective: 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
Bybit CAKEUSDT	−0.0176%	4h	2.4940	−0.035%	$5.2M	$3.3M	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0113%	4h	2.4941	−0.031%	$7K	$14K	10x	as long as short
KuCoin CAKEUSDTM	−0.0028%	4h	2.4964	+0.062%	$2.4M	$5.2M	50x	as long as short
Variational Omni CAKE	−0.0004%	4h	2.4905	−0.173%	$509K	$417K	—	as long as short
Injective CAKE/USDC PERPshort	+0.0033%	1h	2.5440	+1.970%	$113	$52K	5.5x
BloFin CAKE-USDT	+0.0090%	4h	2.4946	−0.011%	$991K	$311K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.4973	+0.098%	$3.1M	$1.8M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4960	+0.044%	$2.3M	$76K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.4953	+0.019%	$17.6M	$28.8M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4941	−0.031%	$878K	$562K	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CAKE_USDT	+0.0100%	4h	2.4953	+0.018%	$13.2M	$2.5M	125x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4970	+0.086%	$2.5M	$2.1M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4952	+0.014%	—	$3.8M	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.4944	−0.019%	$11K	$673K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]long	L +0.0415% / S −0.0269%	1h	2.4949	long leg	$37K	—	100x
Kraken Futures PF_CAKEUSD	+0.0637%	1h	2.4947	−0.005%	$51K	$33K	10x	as long as short