CAKE

Alert

Funding spread now, next payment 19:00 UTC+0.0172%/8h

paid, last 24h+0.044%paid, last 3 days+0.067%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CAKE_USDT	2.5452	0.0100	pay 0.0050% / 4h	1h 23m	$13.1M	$2.8M	125x
Short	GMX CAKE/USD [WBTC.b-USDC]	2.5453	L +0.0422% / S −0.0272%	get 0.0034% / 1h	23m 06s	$38K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee GMXbpOrdersRate

Funding earned: $36.22
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $20.22
Break-even: 3.1 days

Slippage unknown: MEXC: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.004%
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 MEXC live order book, 2 min ago	0.59 bp	5.2 bp −$5	35.9 bp −$359	119.9 bp −$12.0K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Orderly PERP_CAKE_USDC	+0.0042%	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	$127K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	$17.8M	$41.6M	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	$849K	$1.1M	75x	as long as short
MEXC CAKE_USDTlong	+0.0100%	4h	$13.1M	$2.8M	125x
KuCoin CAKEUSDTM	+0.0100%	4h	$2.5M	$5.9M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	$2.7M	$3.1M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX CAKE-USDT	+0.0100%	4h	—	$3.4M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	$543K	$517K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	$15K	$698K	50x	as long as short
BloFin CAKE-USDT	+0.0151%	4h	$989K	$389K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]short	L +0.0422% / S −0.0272%	1h	$38K	—	100x
Kraken Futures PF_CAKEUSD	+0.0971%	1h	$58K	$48K	10x	as long as short