CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0172%/8h= +18.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.037%

Price spread now: GMX against Hyperliquid−0.091%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.091% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 42 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CAKE	2.5503	0.0100	pay 0.0013% / 1h	39m 08s	$3.2M	$3.3M	3x
Short	GMX CAKE/USD [WBTC.b-USDC]	2.5480	L +0.0420% / S −0.0272%	get 0.0034% / 1h	39m 08s	$38K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $36.22
Price spread: −0.091% → 0.000%: −$9.11
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $6.11
Costs to cover: 0.210%
Break-even: 5.8 days

Slippage unknown: Hyperliquid: live order book, 2 min ago; GMX: 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 Hyperliquid live order book, 2 min ago	1.37 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	+0.0014%	4h	2.5473	−0.118%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.247%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0071%	4h	2.5481	−0.086%	$995K	$355K	75x	as long as short
Hyperliquid CAKElong	+0.0100%	1h	2.5503	long leg	$3.2M	$3.3M	3x
Aster CAKEUSDT	+0.0100%	4h	2.5501	−0.008%	$2.4M	$87K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5474	−0.113%	$18.3M	$38.4M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5465	−0.149%	$5.3M	$4.0M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5475	−0.110%	$889K	$762K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5474	−0.114%	$14.2M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5498	−0.020%	$2.5M	$5.7M	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	2.5482	−0.082%	$2.7M	$2.8M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5490	−0.051%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5492	−0.043%	$543K	$491K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5507	+0.016%	$13K	$698K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]short	L +0.0420% / S −0.0272%	1h	2.5480	−0.091%	$38K	—	100x
Kraken Futures PF_CAKEUSD	+0.0775%	1h	2.5513	+0.041%	$57K	$37K	10x	as long as short