CAKE

Alert

Funding spread now, next payment 17:00 UTC−0.0324%/8h

paid, last 24h−0.088%paid, last 3 days−0.399%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]	2.5610	L +0.0424% / S −0.0272%	pay 0.0053% / 1h	19m 44s	$38K	—	100x
Short	Bybit CAKEUSDT	2.5582	0.0100	get 0.0050% / 4h	3h 19m	$5.3M	$4.5M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee BybitbpOrdersRate

Funding earned: −$68.1
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$91.1
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.108%
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 Bybit live order book, 5 min ago	1.94 bp	32.4 bp −$32	73.1 bp −$731	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 CAKEUSDT	+0.0052%	1h	$12K	$696K	50x	as long as short
Orderly PERP_CAKE_USDC	+0.0054%	4h	$7K	$15K	10x	as long as short
BloFin CAKE-USDT	+0.0061%	4h	$996K	$383K	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	$132K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	$18.1M	$42.3M	75x	as long as short
Bybit CAKEUSDTshort	+0.0100%	4h	$5.3M	$4.5M	50x
Gate CAKE_USDT	+0.0100%	4h	$864K	$1.1M	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	$12.9M	$2.7M	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	—	$3.3M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	$555K	$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 +0.0424% / S −0.0272%	1h	$38K	—	100x
Kraken Futures PF_CAKEUSD	+0.1559%	1h	$58K	$54K	10x	as long as short