CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.013%

Price spread now: Hyperliquid against ApeX Omni+0.048%7-day average +0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.048%, 7d avg +0.007%

Together, before fees−0.114%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Hyperliquid is 0.040% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CAKEUSDT	2.5147	0.0084	pay 0.0010% / 1h	35m 13s	$11K	$684K	50x
Short	Hyperliquid CAKE	2.5159	0.0100	get 0.0013% / 1h	35m 13s	$3.1M	$2.5M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. 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 ApeX OmnibpFee HyperliquidbpOrdersPrice spread, now +0.048%Rate

Funding earned: $3.43
Price spread: +0.048% → +0.007%: $4.04
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$11.53
Costs to cover: 0.190%
Break-even: 30.6 days

Slippage unknown: ApeX Omni: live order book, 28 min ago; Hyperliquid: live order book, 6 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 ApeX Omni live order book, 28 min ago	4.57 bp	11.9 bp −$12	103.0 bp −$1,030	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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_USDC	+0.0014%	4h	2.5136	−0.044%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.165%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0079%	4h	2.5136	−0.044%	$994K	$373K	75x	as long as short
ApeX Omni CAKEUSDTlong	+0.0084%	1h	2.5147	long leg	$11K	$684K	50x
Hyperliquid CAKEshort	+0.0100%	1h	2.5159	+0.048%	$3.1M	$2.5M	3x
Aster CAKEUSDT	+0.0100%	4h	2.5151	+0.015%	$2.4M	$72K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5140	−0.030%	$17.9M	$31.6M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5113	−0.135%	$5.2M	$3.6M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5119	−0.111%	$875K	$649K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5139	−0.032%	$13.7M	$2.9M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.5136	−0.044%	$2.5M	$5.5M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5134	−0.052%	$2.6M	$2.3M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5129	−0.072%	—	$3.7M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5105	−0.167%	$533K	$458K	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5146	−0.005%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.1553%	1h	2.5160	+0.052%	$54K	$37K	10x	as long as short