CAKE

Alert

Funding spread now, next payment 16:00 UTC+0.0172%/8h

paid, last 24h+0.042%paid, last 3 days+0.068%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CAKE_USDT	2.6205	0.0100	pay 0.0050% / 4h	7m 42s	$883K	$1.1M	75x
Short	GMX CAKE/USD [WBTC.b-USDC]	2.6215	L +0.0429% / S −0.0272%	get 0.0034% / 1h	7m 42s	$39K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GatebpFee GMXbpOrdersRate

Funding earned: $36.22
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $9.22
Break-even: 5.2 days

Slippage unknown: Gate: live order book, 1 min ago; GMX: 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 Gate live order book, 1 min ago	3.43 bp	41.3 bp −$41	118.7 bp −$1,187	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
Kraken Futures PF_CAKEUSD	−0.0123%	1h	$58K	$55K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	$114	$50	5.5x	as long as short
BloFin CAKE-USDT	+0.0052%	4h	$1.0M	$422K	75x	as long as short
Orderly PERP_CAKE_USDC	+0.0061%	4h	$17K	$2K	10x	as long as short
Hyperliquid CAKE	+0.0100%	1h	$3.3M	$4.4M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	$2.5M	$128K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	$18.8M	$41.2M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	$5.6M	$4.5M	50x	as long as short
Gate CAKE_USDTlong	+0.0100%	4h	$883K	$1.1M	75x
MEXC CAKE_USDT	+0.0100%	4h	$13.3M	$2.6M	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	$6.2M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	$2.9M	$3.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	—	$3.2M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	$565K	$502K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	$16K	$695K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]short	L +0.0429% / S −0.0272%	1h	$39K	—	100x