CAKE

Alert

Funding spread now, next payment 17:00 UTC−0.0444%/8h

next payment, per $10,000−$0.56paid, last 24h−0.104%paid, last 3 days−0.364%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CAKE/USD [WBTC.b-USDC]	2.5734	L +0.0425% / S −0.0272%	pay 0.0053% / 1h	48m 10s	$38K	—	100x
Short	ApeX Omni CAKEUSDT	2.5788	−0.0019	pay 0.0002% / 1h	48m 10s	$14K	$696K	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee ApeX OmnibpOrdersRate

Funding earned: −$93.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$115.26
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 62 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.211%
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 GMX no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 62 min ago	5.85 bp	14.3 bp −$14	104.0 bp −$1,040	doesn't fit	doesn't fit

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
ApeX Omni CAKEUSDTshort	−0.0019%	1h	$14K	$696K	50x
BloFin CAKE-USDT	+0.0057%	4h	$1.0M	$370K	75x	as long as short
Orderly PERP_CAKE_USDC	+0.0060%	4h	$7K	$15K	10x	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	$130K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	$18.3M	$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	$865K	$1.1M	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	$13.0M	$2.6M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	$2.5M	$6.1M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	$2.8M	$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	$557K	$503K	—	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]long	L +0.0425% / S −0.0272%	1h	$38K	—	100x
Kraken Futures PF_CAKEUSD	+0.1558%	1h	$58K	$53K	10x	as long as short