CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against Gate+0.060%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$860.859% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.060%, 7d avg +0.014%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.045% dearer against Gate than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.014%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CAKE_USDT	2.5209	0.0100	pay 0.0050% / 4h	3h 00m	$900K	$598K	75x
Short	MEXC CAKE_USDT	2.5224	0.0050	get 0.0025% / 4h	3h 00m	$15.6M	$3.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$10.5
Price spread: +0.060% → +0.014%: $4.52
Slippage, 4 orders: −$66.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$91.92
Costs to cover: 0.859%
Break-even: never at this rate

Slippage from Gate: live order book, 31 min ago; MEXC: live order book, 3 min ago.

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, 31 min ago	3.01 bp	35.8 bp −$36	144.9 bp −$1,449	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	3.17 bp	8.0 bp −$8	33.6 bp −$336	108.0 bp −$10.8K	doesn't fit

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
Bybit CAKEUSDT	−0.0954%	4h	2.5210	+0.004%	$5.4M	$3.1M	50x	as long as short
Variational Omni CAKE	−0.0648%	4h	2.5210	+0.005%	$521K	$408K	—	as long as short
Kraken Futures PF_CAKEUSD	−0.0278%	1h	2.5305	+0.379%	$53K	$45K	10x	as long as short
ApeX Omni CAKEUSDT	−0.0242%	1h	2.5239	+0.119%	$11K	$672K	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0148%	4h	2.5222	+0.052%	$7K	$13K	10x	as long as short
BloFin CAKE-USDT	+0.0018%	4h	2.5220	+0.044%	$989K	$317K	75x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+0.916%	$113	$52K	5.5x	as long as short
Binance CAKEUSDT	+0.0046%	4h	2.5223	+0.056%	$17.6M	$26.8M	75x	as long as short
MEXC CAKE_USDTshort	+0.0050%	4h	2.5224	+0.060%	$15.6M	$3.0M	125x
Aster CAKEUSDT	+0.0057%	4h	2.5255	+0.181%	$2.4M	$160K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CAKE	+0.0100%	1h	2.5250	+0.163%	$3.2M	$1.9M	3x	as long as short
Gate CAKE_USDTlong	+0.0100%	4h	2.5209	long leg	$900K	$598K	75x
KuCoin CAKEUSDTM	+0.0100%	4h	2.5236	+0.107%	$2.5M	$5.1M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5235	+0.103%	$2.6M	$2.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5212	+0.012%	—	$3.9M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0381% / S −0.0214%	1h	2.5247	+0.149%	$37K	—	100x	as long as short