CAKE

Alert

Funding spread now, next payment 16:00 UTC−0.0067%/8h

paid, last 24h−0.020%paid, last 4 days−0.143%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CAKEUSDT	2.5536	0.0100	pay 0.0050% / 4h	58m 54s	$2.4M	$118K	10x
Short	Injective CAKE/USDC PERP	2.3950	0.0033	get 0.0004% / 1h	58m 54s	$13	$61K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee InjectivebpOrdersRate

Funding earned: −$14
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$22.02
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −6.209%
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, 1 min ago	4.11 bp	32.2 bp −$32	1597.5 bp −$16.0K	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0127%	1h	$58K	$48K	10x	as long as short
ApeX Omni CAKEUSDT	−0.0014%	1h	$16K	$691K	50x	as long as short
Injective CAKE/USDC PERPshort	+0.0033%	1h	$13	$61K	5.5x
Orderly PERP_CAKE_USDC	+0.0052%	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	$118K	10x
Binance CAKEUSDT	+0.0100%	4h	$17.9M	$39.1M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	$5.4M	$4.1M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	$851K	$1.1M	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	$12.9M	$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	$2.6M	$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	$492K	$406K	—	as long as short
BloFin CAKE-USDT	+0.0115%	4h	$982K	$406K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0423% / S −0.0272%	1h	$38K	—	100x	as long as short