CAKE

Alert

Funding spread now, next payment 19:00 UTC−0.0321%/8h

paid, last 24h−0.088%paid, last 3 days−0.275%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]	2.5354	L +0.0421% / S −0.0272%	pay 0.0053% / 1h	0m 25s	$38K	—	100x
Short	KuCoin CAKEUSDTM	2.5340	0.0100	get 0.0050% / 4h	1h 00m	$2.5M	$5.8M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee KuCoinbpOrdersRate

Funding earned: −$67.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$91.33
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.056%
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 KuCoin live order book, 4 min ago	4.93 bp	35.7 bp −$36	122.7 bp −$1,227	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	+0.0017%	1h	$15K	$696K	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	$113	$52K	5.5x	as long as short
Orderly PERP_CAKE_USDC	+0.0036%	4h	$7K	$15K	10x	as long as short
Hyperliquid CAKE	+0.0100%	1h	$3.0M	$4.1M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	$2.4M	$116K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	$17.7M	$41.3M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	$5.2M	$4.4M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	$845K	$1.1M	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	$13.0M	$2.8M	125x	as long as short
KuCoin CAKEUSDTMshort	+0.0100%	4h	$2.5M	$5.8M	50x

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	$2.7M	$3.1M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	—	$3.4M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	$540K	$517K	—	as long as short
BloFin CAKE-USDT	+0.0153%	4h	$985K	$385K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]long	L +0.0421% / S −0.0272%	1h	$38K	—	100x
Kraken Futures PF_CAKEUSD	+0.0972%	1h	$58K	$48K	10x	as long as short