Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.104%7-day average −0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now −0.104%, 7d avg −0.045%
=Together, before fees+0.055%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.060% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CAKE | 2.4942 | 0.0100 | pay 0.0013% / 1h | 11m 14s | $3.1M | $2.2M | 3x |
| Short | Binance CAKEUSDT | 2.4916 | 0.0100 | get 0.0050% / 4h | 3h 11m | $17.7M | $31.0M | 75x |
Hyperliquid CAKE
Binance CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.104% → −0.045%
- −$5.96
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.96
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Binance: live order book, 15 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, 10 min ago | 1.20 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.80 bp | 10.1 bp −$10 | 24.6 bp −$246 | 138.1 bp −$13.8K | 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 CAKEUSDT | −0.0086% | 1h | 2.4935 | −0.028% | $10K | $678K | 50x | as long as short |
| Bybit CAKEUSDT | −0.0068% | 4h | 2.4910 | −0.128% | $5.2M | $3.5M | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0004% | 4h | 2.4919 | −0.092% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.997% | $113 | $52K | 5.5x | as long as short |
| Hyperliquid CAKElong | +0.0100% | 1h | 2.4942 | long leg | $3.1M | $2.2M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4929 | −0.053% | $2.3M | $77K | 10x | as long as short |
| Binance CAKEUSDTshort | +0.0100% | 4h | 2.4916 | −0.104% | $17.7M | $31.0M | 75x | |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4906 | −0.144% | $866K | $637K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.4913 | −0.116% | $13.2M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.4918 | −0.096% | $2.4M | $5.4M | 50x | as long as short |
ApeX Omni CAKEUSDT
Bybit CAKEUSDT
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
Aster CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4931 | −0.044% | $2.5M | $2.4M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4903 | −0.156% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.4921 | −0.086% | $510K | $473K | — | as long as short |
| BloFin CAKE-USDT | +0.0123% | 4h | 2.4911 | −0.124% | $990K | $353K | 75x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0354% | 1h | 2.4943 | +0.004% | $52K | $38K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.4936 | −0.024% | $37K | — | 100x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
BloFin CAKE-USDT
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]