CAKE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniCAKE	2.5895	+0.0100	pay 0.0050% / 4h	2h 31m	$175K	$77K	50x	Long Variational Omni+15% pts
SHORT	PhemexCAKEUSDT	2.5914	+0.0100	get 0.0050% / 4h	2h 31m	$1.3M	$867K	50x	Short Phemex

Price gap+0.072%58s

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.

If you open now and hold

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

Funding+$170.0000% /8h now · paid +0.171% over the last 7D

Price—spread +0.072%58s now · prices read too far apart to compare

Costs−$1361.360% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together

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+0.072%

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

2 ok · 4 to watch

Watch: Thin at this size28.5 / 37.2 bp
At $10k entering Phemex costs 37.2 bp, fee and slippage, 1.3× Variational Omni’s.
Note: Margin at max leverage$200 + $200
Variational Omni 50x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long Variational Omni: 6 payments, −$3.00; short Phemex: 6 payments, +$3.00.
Watch: Prices read 58 s apart+0.072% vs +0.079%
Part of this gap may be the market moving.
Watch: Long leg is thinner$175K vs $1.3M OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCVariational Omni No · Phemex Yes
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+0.0085%/8h × 21 periods+$17.75

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$124.01

Fee Variational Omni bp × 2 orders$0.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$118.26

price spread not counted: prices read too far apart

Costs to cover1.360%Break-even53.6 days

Slippage: Variational Omni: RFQ quote, 8 min ago; Phemex: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni6.5728.5 bp−$2847.4 bp−$474doesn’t fitdoesn’t fit

SELL · SHORTPhemex0.3937.2 bp−$37155.9 bp−$1,559doesn’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