Funding you earn now, next payment 06:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h −0.001%
Price spread now: Injective against Orderly+2.074%58s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 2.074% dearer against Orderly than usual: you sell high and buy low: +$207 more if the spread goes back to zero (this spread has no 7-day history yet). 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 | Orderly PERP_CAKE_USDC | 2.4923 | −0.0033 | get 0.0016% / 4h | 2h 41m | $7K | $14K | 10x |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 41m 48s | $113 | $52K | 5.5x |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. 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
- $13.84
- Price spread: +2.074% → 0.000%
- $207.44
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $215.26
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Injective: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and Injective: 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 | −0.0403% | 4h | 2.4892 | −0.124% | $5.2M | $3.5M | 50x | as long as short |
| ApeX Omni CAKEUSDT | −0.0215% | 1h | 2.4993 | +0.281% | $11K | $678K | 50x | as long as short |
| Orderly PERP_CAKE_USDClong | −0.0033% | 4h | 2.4923 | long leg | $7K | $14K | 10x | |
| KuCoin CAKEUSDTM | +0.0022% | 4h | 2.4913 | −0.040% | $2.4M | $5.3M | 50x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | +2.074% | $113 | $52K | 5.5x | |
| Variational Omni CAKE | +0.0068% | 4h | 2.4961 | +0.151% | $511K | $460K | — | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4937 | +0.056% | $3.1M | $2.1M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4951 | +0.112% | $2.3M | $76K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4915 | −0.032% | $17.6M | $30.7M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4903 | −0.080% | $865K | $607K | 75x | as long as short |
Bybit CAKEUSDT
ApeX Omni CAKEUSDT
KuCoin CAKEUSDTM
Variational Omni CAKE
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4920 | −0.012% | $13.2M | $2.8M | 125x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4947 | +0.096% | $2.5M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4907 | −0.064% | — | $3.8M | — | as long as short |
| BloFin CAKE-USDT | +0.0114% | 4h | 2.4953 | +0.120% | $830K | $316K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.4937 | +0.058% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0703% | 1h | 2.4973 | +0.201% | $52K | $37K | 10x | as long as short |
MEXC CAKE_USDT
Bitget CAKEUSDT
BingX CAKE-USDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD