CAKE

Alert

Funding spread now, next payment 20:00 UTC−0.0052%/8h

next payment, per $10,000−$0.26paid, last 24h−0.008%paid, last 5 days−0.126%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CAKE_USDT	2.5529	0.0100	pay 0.0050% / 4h	1h 45m	$852K	$1.1M	75x
Short	Orderly PERP_CAKE_USDC	2.5536	0.0048	get 0.0024% / 4h	1h 45m	$7K	$15K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OrderlybpOrdersRate

Funding earned: −$10.83
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$31.83
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.027%
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, 3 min ago	3.53 bp	43.2 bp −$43	127.8 bp −$1,278	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective CAKE/USDC PERP	+0.0033%	1h	$114	$50	5.5x	as long as short
Orderly PERP_CAKE_USDCshort	+0.0048%	4h	$7K	$15K	10x
BloFin CAKE-USDT	+0.0071%	4h	$994K	$392K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	$3.1M	$4.4M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	$2.4M	$127K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	$17.9M	$42.7M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	$5.3M	$4.5M	50x	as long as short
Gate CAKE_USDTlong	+0.0100%	4h	$852K	$1.1M	75x
MEXC CAKE_USDT	+0.0100%	4h	$13.2M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	$2.5M	$6.0M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	$2.7M	$3.2M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	—	$3.4M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	$543K	$516K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	$14K	$696K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0423% / S −0.0272%	1h	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0968%	1h	$58K	$50K	10x	as long as short