CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.42 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Orderly+0.012%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 KuCoin

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: +$3 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	2.5188	0.0015	pay 0.0008% / 4h	1h 13m	$7K	$14K	10x
Short	KuCoin CAKEUSDTM	2.5191	0.0100	get 0.0050% / 4h	1h 13m	$2.4M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.012%Rate

Funding earned: $17.85
Price spread: +0.012% → 0.000%: $1.19
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1.04
Costs to cover: 0.180%
Break-even: 6.6 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	4.17 bp	31.9 bp −$32	112.2 bp −$1,122	doesn't fit	doesn't fit

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
Orderly PERP_CAKE_USDClong	+0.0015%	4h	2.5188	long leg	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.000%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0090%	4h	2.5179	−0.036%	$850K	$364K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5208	+0.079%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5203	+0.059%	$2.4M	$72K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5199	+0.044%	$18.0M	$31.3M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5190	+0.008%	$5.3M	$3.6M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5178	−0.040%	$877K	$649K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5196	+0.032%	$13.7M	$2.9M	125x	as long as short
KuCoin CAKEUSDTMshort	+0.0100%	4h	2.5191	+0.012%	$2.4M	$5.5M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	2.5198	+0.040%	$2.6M	$2.3M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5182	−0.024%	—	$3.7M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5185	−0.012%	$522K	$470K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5192	+0.016%	$11K	$681K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0417% / S −0.0269%	1h	2.5195	+0.027%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.1550%	1h	2.5211	+0.091%	$54K	$37K	10x	as long as short