CAKE

Alert

Funding spread now, next payment 19:00 UTC−0.0322%/8h

paid, last 24h−0.088%paid, last 3 days−0.338%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]	2.5511	L +0.0422% / S −0.0272%	pay 0.0053% / 1h	33m 27s	$38K	—	100x
Short	Variational Omni CAKE	2.5486	0.0100	get 0.0050% / 4h	1h 33m	$544K	$517K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Variational OmnibpOrdersRate

Funding earned: −$67.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$79.72
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.100%
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 Variational Omni RFQ quote, 2 min ago	4.67 bp	doesn't fit	67.0 bp −$670	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
BloFin CAKE-USDT	+0.0042%	4h	$989K	$391K	75x	as long as short
Orderly PERP_CAKE_USDC	+0.0044%	4h	$7K	$15K	10x	as long as short
Hyperliquid CAKE	+0.0100%	1h	$3.0M	$4.2M	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	$42.4M	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	$851K	$1.1M	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	$13.2M	$2.8M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	$2.5M	$5.9M	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	$3.1M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	—	$3.4M	—	as long as short
Variational Omni CAKEshort	+0.0100%	4h	$544K	$517K	—
ApeX Omni CAKEUSDT	+0.0100%	1h	$14K	$697K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]long	L +0.0422% / S −0.0272%	1h	$38K	—	100x
Kraken Futures PF_CAKEUSD	+0.0967%	1h	$58K	$48K	10x	as long as short