CAKE

Alert

Funding spread now, next payment 15:00 UTC+0.0172%/8h

paid, last 24h+0.041%paid, last 3 days+0.031%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CAKEUSDT	2.5343	0.0100	pay 0.0050% / 4h	1h 49m	$2.4M	$122K	10x
Short	GMX CAKE/USD [WBTC.b-USDC]	2.5364	L +0.0423% / S −0.0272%	get 0.0034% / 1h	49m 55s	$38K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersRate

Funding earned: $36.22
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $16.22
Break-even: 3.9 days

Slippage unknown: Aster: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.082%
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 Aster live order book, 5 min ago	4.13 bp	34.4 bp −$34	1411.6 bp −$14.1K	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
ApeX Omni CAKEUSDT	−0.0354%	1h	$13K	$689K	50x	as long as short
Kraken Futures PF_CAKEUSD	−0.0076%	1h	$58K	$49K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	$13	$61K	5.5x	as long as short
Orderly PERP_CAKE_USDC	+0.0059%	4h	$16K	$2K	10x	as long as short
Hyperliquid CAKE	+0.0100%	1h	$2.7M	$3.9M	3x	as long as short
Aster CAKEUSDTlong	+0.0100%	4h	$2.4M	$122K	10x
Binance CAKEUSDT	+0.0100%	4h	$18.0M	$39.5M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	$5.3M	$4.0M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	$842K	$1.1M	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	$12.8M	$2.4M	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	$6.1M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	$2.7M	$2.7M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	—	$3.0M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	$428K	$345K	—	as long as short
BloFin CAKE-USDT	+0.0138%	4h	$995K	$402K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]short	L +0.0423% / S −0.0272%	1h	$38K	—	100x