Funding you earn now, next payment 00:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.37 per $10,000 · paid last 24h +0.010%
Price spread now: Variational Omni against Orderly−0.015%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds 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 | 2.5536 | 0.0027 | pay 0.0013% / 4h | 34m 19s | $7K | $14K | 10x |
| Short | Variational Omni CAKE | 2.5532 | 0.0100 | get 0.0050% / 4h | 34m 19s | $536K | $480K | — |
Orderly PERP_CAKE_USDC
Variational Omni CAKEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $15.41
- Price spread: −0.015% → 0.000%
- −$1.54
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $7.87
- Costs to cover
- 0.060%
- Break-even
- 3.4 days
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 45 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 Variational Omni RFQ quote, 45 min ago | 4.69 bp | doesn't fit | 49.2 bp −$492 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDT | −0.0034% | 1h | 2.5546 | +0.039% | $13K | $698K | 50x | as long as short |
| Orderly PERP_CAKE_USDClong | +0.0027% | 4h | 2.5536 | long leg | $7K | $14K | 10x | |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.376% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0046% | 4h | 2.5528 | −0.031% | $1.0M | $364K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5574 | +0.149% | $3.2M | $2.7M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5558 | +0.086% | $2.4M | $80K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5532 | −0.016% | $18.3M | $36.2M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5522 | −0.055% | $5.3M | $3.9M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5529 | −0.027% | $891K | $753K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5533 | −0.012% | $14.2M | $2.8M | 125x | as long as short |
ApeX Omni CAKEUSDT
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5540 | +0.016% | $2.5M | $5.6M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5554 | +0.070% | $2.7M | $2.7M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5522 | −0.055% | — | $3.6M | — | as long as short |
| Variational Omni CAKEshort | +0.0100% | 4h | 2.5532 | −0.015% | $536K | $480K | — | |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5549 | +0.052% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0750% | 1h | 2.5606 | +0.272% | $55K | $39K | 10x | as long as short |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD