CAKE

Alert

Funding spread now, next payment 20:00 UTC+0.0067%/8h

next payment, per $10,000+$0.34paid, last 24h+0.008%paid, last 5 days+0.126%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_CAKE_USDC	2.5252	0.0033	pay 0.0016% / 4h	55m 53s	$7K	$15K	10x
Short	Gate CAKE_USDT	2.5241	0.0100	get 0.0050% / 4h	55m 53s	$874K	$1.1M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee GatebpOrdersRate

Funding earned: $14.1
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$6.9
Break-even: 10.4 days

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.044%
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 Orderly no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	5.15 bp	16.8 bp −$17	95.5 bp −$955	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective CAKE/USDC PERP	−0.0260%	1h	$113	$52K	5.5x	as long as short
ApeX Omni CAKEUSDT	+0.0014%	1h	$15K	$696K	50x	as long as short
Orderly PERP_CAKE_USDClong	+0.0033%	4h	$7K	$15K	10x
BloFin CAKE-USDT	+0.0081%	4h	$981K	$383K	75x	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	$115K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	$17.6M	$41.4M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	$5.2M	$4.4M	50x	as long as short
Gate CAKE_USDTshort	+0.0100%	4h	$874K	$1.1M	75x
MEXC CAKE_USDT	+0.0100%	4h	$13.0M	$2.8M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	$2.5M	$5.8M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	$2.7M	$3.1M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	—	$3.4M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	$540K	$517K	—	as long as short
Kraken Futures PF_CAKEUSD	+0.0260%	1h	$58K	$48K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0420% / S −0.0272%	1h	$37K	—	100x	as long as short