Funding you earn now, next payment 05:00 UTC−0.0209%/8h= −22.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.014%
Price spread now: ApeX Omni against Hyperliquid+0.161%65s7-day average −0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.161%, 7d avg −0.014%
=Together, before fees−0.237%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.175% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of −0.014%): +$18 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.140% in total) that is about 8.8 days. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. 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 | Hyperliquid CAKE | 2.4849 | 0.0100 | pay 0.0013% / 1h | 0m 17s | $3.1M | $2.2M | 3x |
| Short | ApeX Omni CAKEUSDT | 2.4889 | −0.0109 | pay 0.0014% / 1h | 0m 17s | $10K | $677K | 50x |
Hyperliquid CAKE
ApeX Omni CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.86
- Price spread: +0.161% → −0.014%
- $17.5
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$45.36
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; ApeX Omni: live order book, 53 min ago. Net counts fees only.
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 Hyperliquid live order book, 1 min ago | 0.20 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 53 min ago | 3.19 bp | 9.9 bp −$10 | 92.6 bp −$926 | doesn't fit | doesn't fit |
CAKE on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDTshort | −0.0109% | 1h | 2.4889 | +0.161% | $10K | $677K | 50x | |
| Bybit CAKEUSDT | −0.0049% | 4h | 2.4820 | −0.117% | $5.1M | $3.5M | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0013% | 4h | 2.4827 | −0.089% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +2.378% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0063% | 4h | 2.4838 | −0.044% | $988K | $318K | 75x | as long as short |
| Hyperliquid CAKElong | +0.0100% | 1h | 2.4849 | long leg | $3.1M | $2.2M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4834 | −0.059% | $2.3M | $80K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4824 | −0.099% | $17.6M | $31.2M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4813 | −0.145% | $863K | $639K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4834 | −0.060% | $13.1M | $2.8M | 125x | as long as short |
Bybit CAKEUSDT
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.4832 | −0.068% | $2.4M | $5.4M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4845 | −0.016% | $2.4M | $2.4M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4826 | −0.093% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.4806 | −0.174% | $508K | $470K | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0354% | 1h | 2.4898 | +0.199% | $52K | $37K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0414% / S −0.0269% | 1h | 2.4848 | −0.006% | $37K | — | 100x | as long as short |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]