CAKE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexCAKEUSDT	2.5831	+0.0100	pay 0.0050% / 4h	35m 39s	$1.3M	$867K	50x	Long Phemex
SHORT	ApeX OmniCAKEUSDT	2.5848	−0.0063	pay 0.0008% / 1h	35m 39s	$9K	$622K	50x	Short ApeX Omni5% off

Price gap+0.066%

Funding gap−0.0163% /8h

The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 35 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$23−0.0163% /8h now · paid −0.234% over the last 7D

Price+$7spread +0.066% now, avg −0.005% → +0.070% if it goes back

Costs−$920.925% of $10k · taker + slippage, in and out

Result−$109−1.09%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.066%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CAKE on 17 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size32.6 / 12.5 bp
At $10k entering Phemex costs 32.6 bp, fee and slippage, 2.6× ApeX Omni’s.
Note: Margin at max leverage$200 + $200
Phemex 50x, ApeX Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$4.88Long Phemex: 6 payments, −$3.00; short ApeX Omni: 24 payments, −$1.88.
OK: Entry gap works for you+0.066% vs −0.005%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$9K vs $1.3M OI
ApeX Omni sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhemex Yes · ApeX Omni No
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0112%/8h × 21 periods−$23.47

Price spread+0.066% → −0.005% (7d avg)+$7.04

Slippage, 4 orderslive order books−$70.47

Fee Phemex bp × 2 orders−$12.00

Fee ApeX Omni bp × 2 orders−$10.00

Net · 7 days · $10k−$108.89

Costs to cover0.925%Break-evennever at this rate

Slippage: Phemex: live order book, 2 min ago; ApeX Omni: live order book, 39 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex1.1632.6 bp−$33155.4 bp−$1,554doesn’t fitdoesn’t fit

SELL · SHORTApeX Omni5.4512.5 bp−$12103.3 bp−$1,033doesn’t fitdoesn’t fit

Closing costs about the same again.

CAKE news

posts that mention CAKE, from every exchangeSearch all news →

09-24 18:20	Phemex	Other	Phemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗
09-24 09:36	Phemex	Listing	new market CAKEUSDT ($CAKE) seen by our collector