Settings8H · net · $10k
Funding arb · Price arb /

CAKE

all CAKE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.052%7-day average +0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.140%+$14 on $10k
Price spread, last 7 days+0.008%+$1 · spread now +0.052%, 7d avg +0.057%
Together, before fees+0.148%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CAKE-USDT2.51180.0100pay 0.0050% / 4h1h 41m$3.7M
ShortHyperliquid CAKE2.51310.0100get 0.0013% / 1h41m 15s$3.1M$2.5M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$0
Price spread: +0.052% → +0.057%
−$0.52
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$19.52
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 8 min ago; Hyperliquid: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago3.19 bp8.5 bp −$813.1 bp −$13129.4 bp −$2,94452.1 bp −$26.0K
Sell Hyperliquid live order book, 10 min ago0.20 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

CAKE on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_CAKE_USDC+0.0013%4h2.5105−0.052%$7K$14K10xas long as short
Injective CAKE/USDC PERP+0.0033%1h2.5440+1.282%$113$52K5.5xas long as short
ApeX Omni CAKEUSDT+0.0054%1h2.5140+0.088%$11K$684K50xas long as short
Hyperliquid CAKEshort+0.0100%1h2.5131+0.052%$3.1M$2.5M3x
Aster CAKEUSDT+0.0100%4h2.5134+0.064%$2.4M$72K10xas long as short
Binance CAKEUSDT+0.0100%4h2.5108−0.040%$17.9M$31.9M75xas long as short
Bybit CAKEUSDT+0.0100%4h2.5100−0.072%$5.2M$3.6M50xas long as short
Gate CAKE_USDT+0.0100%4h2.5098−0.080%$875K$648K75xas long as short
MEXC CAKE_USDT+0.0100%4h2.5101−0.068%$13.6M$2.9M125xas long as short
KuCoin CAKEUSDTM+0.0100%4h2.5107−0.044%$2.5M$5.5M50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CAKEUSDT+0.0100%4h2.5114−0.016%$2.6M$2.3M75xas long as short
BingX CAKE-USDTlong+0.0100%4h2.5118long leg$3.7M
Variational Omni CAKE+0.0100%4h2.5051−0.268%$532K$458Kas long as short
BloFin CAKE-USDT+0.0119%4h2.5101−0.068%$994K$372K75xas long as short
GMX CAKE/USD [WBTC.b-USDC]L +0.0417% / S −0.0269%1h2.5125+0.027%$37K100xas long as short
Kraken Futures PF_CAKEUSD+0.1554%1h2.5138+0.082%$54K$37K10xas long as short