CAKE

Alert

Funding spread now, next payment 16:00 UTC+0.0172%/8h

next payment, per $10,000+$0.22paid, last 24h+0.060%paid, last 3 days+0.209%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CAKEUSDT	2.5908	0.0100	pay 0.0013% / 1h	59m 27s	$14K	$697K	50x
Short	GMX CAKE/USD [WBTC.b-USDC]	2.5903	L +0.0426% / S −0.0272%	get 0.0034% / 1h	59m 27s	$38K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee GMXbpOrdersRate

Funding earned: $36.22
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $14.22
Break-even: 4.3 days

Slippage unknown: ApeX Omni: live order book, 51 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.020%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 ApeX Omni live order book, 51 min ago	5.85 bp	15.1 bp −$15	98.2 bp −$982	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_CAKEUSD	−0.0125%	1h	$59K	$53K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	$114	$50	5.5x	as long as short
BloFin CAKE-USDT	+0.0045%	4h	$1.0M	$417K	75x	as long as short
Orderly PERP_CAKE_USDC	+0.0061%	4h	$7K	$15K	10x	as long as short
Hyperliquid CAKE	+0.0100%	1h	$3.2M	$4.4M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	$2.4M	$129K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	$18.5M	$41.9M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	$5.4M	$4.5M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	$873K	$1.1M	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	$13.1M	$2.6M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	$2.5M	$6.2M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	$2.9M	$3.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	—	$3.2M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	$560K	$503K	—	as long as short
ApeX Omni CAKEUSDTlong	+0.0100%	1h	$14K	$697K	50x
GMX CAKE/USD [WBTC.b-USDC]short	L +0.0426% / S −0.0272%	1h	$38K	—	100x