CAKE

Alert

Funding spread now, next payment 20:00 UTC−0.0039%/8h

next payment, per $10,000−$0.19paid, last 24h−0.007%paid, last 5 days−0.140%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CAKE_USDT	2.5915	0.0100	pay 0.0050% / 4h	3h 59m	$13.1M	$2.6M	125x
Short	Orderly PERP_CAKE_USDC	2.5900	0.0061	get 0.0031% / 4h	3h 59m	$7K	$15K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee OrderlybpOrdersRate

Funding earned: −$8.1
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.1
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.058%
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, 1 min ago	0.58 bp	4.0 bp −$4	32.8 bp −$328	115.2 bp −$11.5K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Orderly PERP_CAKE_USDCshort	+0.0061%	4h	$7K	$15K	10x
Hyperliquid CAKE	+0.0100%	1h	$3.2M	$4.4M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	$2.4M	$129K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	$18.5M	$41.9M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	$5.4M	$4.5M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	$873K	$1.1M	75x	as long as short
MEXC CAKE_USDTlong	+0.0100%	4h	$13.1M	$2.6M	125x
KuCoin CAKEUSDTM	+0.0100%	4h	$2.5M	$6.2M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	$2.9M	$3.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	—	$3.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni CAKE	+0.0100%	4h	$560K	$503K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	$14K	$697K	50x	as long as short
BloFin CAKE-USDT	+0.0117%	4h	$1.0M	$373K	75x	as long as short
Injective CAKE/USDC PERP	+0.0401%	1h	$114	$50	5.5x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0426% / S −0.0272%	1h	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.1542%	1h	$59K	$53K	10x	as long as short