Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

CAKE

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
InjectiveCAKE/USDC PERP
2.5790+0.0033pay 0.0004% / 1h24m 28s$692$50K5xLong Injective
SHORT
PhemexCAKEUSDT
2.5485+0.0100get 0.0050% / 4h3h 24m$1.3M$933K50xShort Phemex
Price gap−1.183%
Funding gap+0.0067% /8h

Funding pays +$2 a day on $10k, but the gap is 1.183% under zero (no 7-day history yet): −$118 if it goes back, about 59 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—+0.0067% /8h now · no funding history yet
Price—spread −1.183% now · no price history on both exchanges yet
Costsno datano order book for Injective
Result, before costs—no pointsneeds funding history

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Phemex price against Injectivenow
RANGE STATS · 7D
Now−1.183%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CAKE on 17 exchanges

lowest funding first

Before you open

0 ok · 3 to watch
  • Note: Order book unknown—
    No order-book sample for Injective: its slippage is not counted.
  • Note: Margin at max leverage$2,000 + $200
    Injective 5x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$2.00Long Injective: 24 payments, −$1.00; short Phemex: 6 payments, +$3.00.
  • Note: No 7-day spread history−1.183%
    The gap cannot be compared with its average yet.
  • Watch: Long leg is thinner$692 vs $1.3M OI
    Injective sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCInjective No · Phemex Yes
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate+$14.00
Price spread−1.183% → 0−$118.26
Slippage, 4 ordersno data for Injective—
Fee Injective bp × 2 orders−$0.02
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$116.28
Costs to cover0.120%Break-even65.1 days
Slippage: Injective: no order-book sample; Phemex: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGInjective—————
SELL · SHORTPhemex1.5734.0 bp−$34doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.
Injective: no data.

Alert

CAKE news

posts that mention CAKE, from every exchangeSearch all news →
09-24 18:20PhemexOtherPhemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗
09-24 09:36PhemexListingnew market CAKEUSDT ($CAKE) seen by our collector