CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0076%/8h= +8.4% APRnext payment +$0.38 per $10,000 · paid last 24h +0.014%

Price spread now: BingX against Orderly+0.008%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on BingX

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	Orderly PERP_CAKE_USDC	2.5209	0.0024	pay 0.0012% / 4h	2h 55m	$7K	$14K	10x
Short	BingX CAKE-USDT	2.5211	0.0100	get 0.0050% / 4h	2h 55m	—	$3.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Orderly. 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 OrderlybpFee BingXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $16.05
Price spread: +0.008% → 0.000%: $0.79
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $0.84
Costs to cover: 0.160%
Break-even: 6.6 days

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 9 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	0.20 bp	13.8 bp −$14	16.7 bp −$167	26.1 bp −$2,611	46.0 bp −$23.0K

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	−0.0095%	1h	2.5301	+0.365%	$11K	$699K	50x	as long as short
Orderly PERP_CAKE_USDClong	+0.0024%	4h	2.5209	long leg	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+0.916%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5253	+0.175%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5244	+0.141%	$2.4M	$75K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5208	−0.004%	$18.0M	$34.6M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5210	+0.004%	$5.3M	$3.8M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5202	−0.028%	$884K	$661K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5214	+0.020%	$13.8M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5216	+0.028%	$2.4M	$5.5M	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	2.5209	0.000%	$2.6M	$2.5M	75x	as long as short
BingX CAKE-USDTshort	+0.0100%	4h	2.5211	+0.008%	—	$3.5M	—
Variational Omni CAKE	+0.0100%	4h	2.5216	+0.028%	$537K	$459K	—	as long as short
BloFin CAKE-USDT	+0.0111%	4h	2.5297	+0.349%	$995K	$360K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5228	+0.075%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0827%	1h	2.5343	+0.532%	$55K	$37K	10x	as long as short