Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Gate against Hyperliquid−0.208%7-day average −0.052% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.208%, 7d avg −0.052%
=Together, before fees+0.091%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 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: Gate is 0.157% cheaper against Hyperliquid than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CAKE | 2.5491 | 0.0100 | pay 0.0013% / 1h | 45m 52s | $3.1M | $3.3M | 3x |
| Short | Gate CAKE_USDT | 2.5438 | 0.0100 | get 0.0050% / 4h | 2h 45m | $886K | $858K | 75x |
Hyperliquid CAKE
Gate CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.208% → −0.052%
- −$15.66
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$39.66
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Gate: live order book, 40 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, 6 min ago | 1.18 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 40 min ago | 4.31 bp | 35.7 bp −$36 | 78.6 bp −$786 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDC | +0.0006% | 4h | 2.5449 | −0.165% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.200% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0080% | 4h | 2.5431 | −0.236% | $996K | $347K | 75x | as long as short |
| Hyperliquid CAKElong | +0.0100% | 1h | 2.5491 | long leg | $3.1M | $3.3M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5460 | −0.122% | $2.4M | $99K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5463 | −0.110% | $18.2M | $39.2M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5453 | −0.149% | $5.3M | $4.2M | 50x | as long as short |
| Gate CAKE_USDTshort | +0.0100% | 4h | 2.5438 | −0.208% | $886K | $858K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5461 | −0.118% | $14.2M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5454 | −0.146% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
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 | 2.5465 | −0.102% | $2.7M | $3.0M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5463 | −0.110% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5420 | −0.278% | $544K | $497K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5429 | −0.244% | $13K | $695K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5461 | −0.119% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0497% | 1h | 2.5507 | +0.061% | $57K | $38K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD