CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.010%

Price spread now: Orderly against Aster−0.075%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.075% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CAKEUSDT	2.5618	0.0100	pay 0.0050% / 4h	49m 07s	$2.4M	$80K	10x
Short	Orderly PERP_CAKE_USDC	2.5599	0.0028	get 0.0014% / 4h	49m 07s	$7K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aster. 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 AsterbpFee OrderlybpOrdersPrice spread, now −0.075%Rate

Funding earned: −$15.16
Price spread: −0.075% → 0.000%: −$7.49
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$36.65
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 4 min ago; Orderly: no order-book sample. 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 Aster live order book, 4 min ago	4.10 bp	28.9 bp −$29	1786.2 bp −$17.9K	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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: 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_USDCshort	+0.0028%	4h	2.5599	−0.075%	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.696%	$113	$52K	5.5x	as long as short
ApeX Omni CAKEUSDT	+0.0046%	1h	2.5585	−0.130%	$13K	$698K	50x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5639	+0.081%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDTlong	+0.0100%	4h	2.5618	long leg	$2.4M	$80K	10x
Binance CAKEUSDT	+0.0100%	4h	2.5622	+0.015%	$18.4M	$36.4M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5610	−0.032%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5597	−0.083%	$895K	$751K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5610	−0.032%	$14.1M	$2.7M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5616	−0.009%	$2.5M	$5.7M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	2.5626	+0.030%	$2.7M	$2.7M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5604	−0.055%	—	$3.6M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5562	−0.220%	$536K	$480K	—	as long as short
BloFin CAKE-USDT	+0.0118%	4h	2.5595	−0.091%	$999K	$365K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0422% / S −0.0272%	1h	2.5619	+0.004%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0749%	1h	2.5630	+0.047%	$57K	$37K	10x	as long as short