CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.98 per $10,000 · paid last 24h +0.018%

Price spread now: MEXC against Orderly+0.141%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on MEXC

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and MEXC is 0.141% dearer against Orderly than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_CAKE_USDC	2.4763	−0.0126	get 0.0063% / 4h	17m 35s	$7K	$14K	10x
Short	MEXC CAKE_USDT	2.4798	0.0070	get 0.0035% / 4h	17m 35s	$14.0M	$2.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.141%Rate

Funding earned: $41.19
Price spread: +0.141% → 0.000%: $14.13
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $45.33
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.20 bp	3.5 bp −$3	16.2 bp −$162	96.0 bp −$9,601	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
Bybit CAKEUSDT	−0.0300%	4h	2.4780	+0.069%	$5.2M	$3.2M	50x	as long as short
Orderly PERP_CAKE_USDClong	−0.0126%	4h	2.4763	long leg	$7K	$14K	10x
Variational Omni CAKE	−0.0028%	4h	2.4586	−0.716%	$507K	$419K	—	as long as short
ApeX Omni CAKEUSDT	+0.0017%	1h	2.4669	−0.380%	$10K	$672K	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+2.734%	$113	$52K	5.5x	as long as short
MEXC CAKE_USDTshort	+0.0070%	4h	2.4798	+0.141%	$14.0M	$2.8M	125x
Binance CAKEUSDT	+0.0072%	4h	2.4809	+0.186%	$17.5M	$27.8M	75x	as long as short
KuCoin CAKEUSDTM	+0.0072%	4h	2.4797	+0.137%	$2.4M	$5.1M	50x	as long as short
BloFin CAKE-USDT	+0.0099%	4h	2.4782	+0.077%	$992K	$312K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.4805	+0.170%	$3.1M	$1.8M	3x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CAKEUSDT	+0.0100%	4h	2.4805	+0.169%	$2.3M	$106K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4772	+0.036%	$878K	$584K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4787	+0.097%	$2.6M	$2.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4784	+0.085%	—	$3.8M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0414% / S −0.0269%	1h	2.4776	+0.051%	$36K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0641%	1h	2.4783	+0.080%	$53K	$41K	10x	as long as short