CAKE

Alert

Funding spread now, next payment 20:00 UTC−0.0049%/8h

next payment, per $10,000−$0.24paid, last 24h−0.008%paid, last 5 days+0.013%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CAKE-USDT	2.5731	0.0100	pay 0.0050% / 4h	3h 06m	—	$3.3M	—
Short	Orderly PERP_CAKE_USDC	2.5741	0.0051	get 0.0026% / 4h	3h 06m	$7K	$15K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee OrderlybpOrdersRate

Funding earned: −$10.26
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$26.26
Break-even: never at this rate

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

Price risk

price view

Price gap now: +0.039%
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 BingX live order book, 5 min ago	3.50 bp	10.5 bp −$11	12.9 bp −$129	22.6 bp −$2,258	46.1 bp −$23.1K
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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_CAKE_USDCshort	+0.0051%	4h	$7K	$15K	10x
Hyperliquid CAKE	+0.0100%	1h	$3.1M	$4.4M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	$2.4M	$132K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	$18.2M	$42.2M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	$5.4M	$4.5M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	$867K	$1.1M	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	$12.9M	$2.7M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	$2.5M	$6.1M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	$2.9M	$3.0M	75x	as long as short
BingX CAKE-USDTlong	+0.0100%	4h	—	$3.3M	—

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni CAKE	+0.0100%	4h	$561K	$508K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	$11K	$696K	50x	as long as short
BloFin CAKE-USDT	+0.0126%	4h	$998K	$384K	75x	as long as short
Injective CAKE/USDC PERP	+0.0401%	1h	$114	$50	5.5x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0425% / S −0.0272%	1h	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.1556%	1h	$58K	$52K	10x	as long as short