CAKE

Alert

Funding spread now, next payment 18:00 UTC−0.0336%/8h

paid, last 24h−0.089%paid, last 3 days−0.079%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.079% in total (about -10.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CAKE/USD [WBTC.b-USDC]	2.5663	L +0.0424% / S −0.0272%	pay 0.0053% / 1h	59m 03s	$38K	—	100x
Short	BloFin CAKE-USDT	2.5633	0.0088	get 0.0044% / 4h	2h 59m	$995K	$391K	75x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee BloFinbpOrdersRate

Funding earned: −$70.61
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$94.61
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 14 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.116%
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 BloFin live order book, 14 min ago	0.19 bp	9.9 bp −$10	20.7 bp −$207	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
Injective CAKE/USDC PERP	+0.0033%	1h	$114	$50	5.5x	as long as short
Orderly PERP_CAKE_USDC	+0.0049%	4h	$7K	$15K	10x	as long as short
BloFin CAKE-USDTshort	+0.0088%	4h	$995K	$391K	75x
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	$18.1M	$42.2M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	$5.3M	$4.5M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	$864K	$1.1M	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	$12.9M	$2.5M	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	$2.9M	$3.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	—	$3.3M	—	as long as short
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
GMX CAKE/USD [WBTC.b-USDC]long	L +0.0424% / S −0.0272%	1h	$38K	—	100x
Kraken Futures PF_CAKEUSD	+0.1432%	1h	$58K	$52K	10x	as long as short