CAKE

Alert

Funding spread now, next payment 20:00 UTC+0.0059%/8h

next payment, per $10,000+$0.29paid, last 24h+0.008%paid, last 5 days+0.083%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	2.5464	0.0041	pay 0.0021% / 4h	1h 20m	$7K	$15K	10x
Short	KuCoin CAKEUSDTM	2.5455	0.0100	get 0.0050% / 4h	1h 20m	$2.5M	$5.9M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee KuCoinbpOrdersRate

Funding earned: $12.37
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$5.63
Break-even: 10.2 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.035%
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 KuCoin live order book, 4 min ago	4.52 bp	30.2 bp −$30	108.5 bp −$1,085	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	+0.0033%	1h	$113	$52K	5.5x	as long as short
Orderly PERP_CAKE_USDClong	+0.0041%	4h	$7K	$15K	10x
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	$41.5M	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_USDT	+0.0100%	4h	$13.1M	$2.8M	125x	as long as short
KuCoin CAKEUSDTMshort	+0.0100%	4h	$2.5M	$5.9M	50x
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	$699K	50x	as long as short
BloFin CAKE-USDT	+0.0115%	4h	$990K	$390K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0422% / S −0.0272%	1h	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0969%	1h	$58K	$48K	10x	as long as short