CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0290%/8h= +31.7% APRnext payment +$0.36 per $10,000 · paid last 24h +0.137%

Price spread now: Kraken Futures against GMX+0.075%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 Kraken Futures

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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.075% dearer against GMX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CAKE/USD [WBTC.b-USDC]	2.4906	L +0.0414% / S −0.0269%	pay 0.0052% / 1h	56m 34s	$37K	—	100x
Short	Kraken Futures PF_CAKEUSD	2.4925	0.0704	get 0.0088% / 1h	56m 34s	$52K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.075%Rate

Funding earned: $60.87
Price spread: +0.075% → 0.000%: $7.53
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $46.4
Costs to cover: 0.220%
Break-even: 1.7 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample	—	—	—	—	—

GMX and Kraken Futures: 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
ApeX Omni CAKEUSDT	−0.0094%	1h	2.4810	−0.386%	$10K	$678K	50x	as long as short
Bybit CAKEUSDT	−0.0027%	4h	2.4867	−0.157%	$5.1M	$3.5M	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0015%	4h	2.4886	−0.081%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.144%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.4896	−0.041%	$3.1M	$2.2M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4893	−0.051%	$2.3M	$80K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.4882	−0.097%	$17.6M	$31.2M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4868	−0.153%	$864K	$605K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.4884	−0.089%	$13.2M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.4866	−0.161%	$2.4M	$5.4M	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	2.4909	+0.012%	$2.5M	$2.4M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4878	−0.113%	—	$3.8M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.4806	−0.403%	$508K	$470K	—	as long as short
BloFin CAKE-USDT	+0.0103%	4h	2.4878	−0.113%	$994K	$319K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]long	L +0.0414% / S −0.0269%	1h	2.4906	long leg	$37K	—	100x
Kraken Futures PF_CAKEUSDshort	+0.0704%	1h	2.4925	+0.075%	$52K	$37K	10x