CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.5% APRnext payment +$0.43 per $10,000 · paid last 24h +0.015%

Price spread now: Bitget against Orderly−0.044%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.044% cheaper against Orderly than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 40 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_CAKE_USDC	2.5146	0.0014	pay 0.0007% / 4h	1h 36m	$7K	$14K	10x
Short	Bitget CAKEUSDT	2.5135	0.0100	get 0.0050% / 4h	1h 36m	$2.6M	$2.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BitgetbpOrdersPrice spread, now −0.044%Rate

Funding earned: $18.15
Price spread: −0.044% → 0.000%: −$4.37
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4.23
Costs to cover: 0.180%
Break-even: 8.6 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 5 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	2.39 bp	17.6 bp −$18	33.1 bp −$331	doesn't fit	doesn't fit

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: 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_USDClong	+0.0014%	4h	2.5146	long leg	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.169%	$113	$52K	5.5x	as long as short
ApeX Omni CAKEUSDT	+0.0042%	1h	2.5140	−0.024%	$11K	$684K	50x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5163	+0.068%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5155	+0.037%	$2.4M	$72K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5139	−0.028%	$17.9M	$31.6M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5124	−0.087%	$5.2M	$3.6M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5116	−0.119%	$875K	$648K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5136	−0.040%	$13.7M	$2.9M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5127	−0.076%	$2.5M	$5.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDTshort	+0.0100%	4h	2.5135	−0.044%	$2.6M	$2.3M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5133	−0.052%	—	$3.7M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5090	−0.222%	$533K	$458K	—	as long as short
BloFin CAKE-USDT	+0.0139%	4h	2.5142	−0.016%	$994K	$373K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0417% / S −0.0269%	1h	2.5156	+0.040%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.1553%	1h	2.5158	+0.048%	$54K	$37K	10x	as long as short