Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.0% APRpaid last 24h +0.001%
Price spread now: Orderly against Injective−3.184%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 3.184% cheaper against Injective than usual: you would sell low and buy high (−$318 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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 | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | pay 0.0004% / 1h | 24m 04s | $113 | $52K | 5.5x |
| Short | Orderly PERP_CAKE_USDC | 2.4630 | −0.0122 | pay 0.0061% / 4h | 24m 04s | $7K | $14K | 10x |
Injective CAKE/USDC PERP
Orderly PERP_CAKE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$32.68
- Price spread: −3.184% → 0.000%
- −$318.4
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$357.1
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Injective and 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | −0.0195% | 4h | 2.4610 | −3.263% | $5.2M | $3.2M | 50x | as long as short |
| Orderly PERP_CAKE_USDCshort | −0.0122% | 4h | 2.4630 | −3.184% | $7K | $14K | 10x | |
| Injective CAKE/USDC PERPlong | +0.0033% | 1h | 2.5440 | long leg | $113 | $52K | 5.5x | |
| KuCoin CAKEUSDTM | +0.0052% | 4h | 2.4637 | −3.156% | $2.4M | $5.1M | 50x | as long as short |
| Variational Omni CAKE | +0.0064% | 4h | 2.4640 | −3.143% | $514K | $412K | — | as long as short |
| BloFin CAKE-USDT | +0.0080% | 4h | 2.4651 | −3.101% | $993K | $308K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0092% | 4h | 2.4631 | −3.180% | $13.6M | $2.7M | 125x | as long as short |
| Binance CAKEUSDT | +0.0093% | 4h | 2.4627 | −3.196% | $17.4M | $27.6M | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4642 | −3.137% | $3.1M | $1.8M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4669 | −3.029% | $2.3M | $74K | 10x | as long as short |
Bybit CAKEUSDT
KuCoin CAKEUSDTM
Variational Omni CAKE
BloFin CAKE-USDT
MEXC CAKE_USDT
Binance CAKEUSDT
Hyperliquid CAKE
Aster CAKEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CAKE_USDT | +0.0100% | 4h | 2.4619 | −3.227% | $867K | $572K | 75x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4630 | −3.184% | $2.5M | $2.0M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4622 | −3.215% | — | $3.8M | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.4711 | −2.866% | $10K | $673K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0413% / S −0.0269% | 1h | 2.4656 | −3.082% | $36K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0644% | 1h | 2.4649 | −3.109% | $53K | $40K | 10x | as long as short |
Gate CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD