CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.42 per $10,000 · paid last 24h −0.015%

Price spread now: Orderly against MEXC−0.004%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CAKE_USDT	2.5037	0.0100	pay 0.0050% / 4h	1m 17s	$13.3M	$2.9M	125x
Short	Orderly PERP_CAKE_USDC	2.5036	0.0017	get 0.0008% / 4h	1m 17s	$7K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against MEXC. 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 MEXCbpFee OrderlybpOrdersPrice spread, now −0.004%Rate

Funding earned: −$17.48
Price spread: −0.004% → 0.000%: −$0.4
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$27.88
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; 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 MEXC live order book, 2 min ago	0.40 bp	5.3 bp −$5	30.0 bp −$300	107.1 bp −$10.7K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
ApeX Omni CAKEUSDT	+0.0006%	1h	2.4983	−0.216%	$10K	$679K	50x	as long as short
Orderly PERP_CAKE_USDCshort	+0.0017%	4h	2.5036	−0.004%	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.610%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0046%	4h	2.5028	−0.036%	$997K	$356K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5063	+0.104%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5052	+0.061%	$2.4M	$79K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5041	+0.015%	$17.9M	$31.3M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5010	−0.108%	$5.2M	$3.6M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5019	−0.072%	$873K	$645K	75x	as long as short
MEXC CAKE_USDTlong	+0.0100%	4h	2.5037	long leg	$13.3M	$2.9M	125x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.5036	−0.004%	$2.4M	$5.4M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5041	+0.016%	$2.5M	$2.4M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5034	−0.012%	—	$3.8M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.4946	−0.365%	$517K	$469K	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5049	+0.046%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0751%	1h	2.5046	+0.037%	$52K	$38K	10x	as long as short