data as of
Settings8H · net · $10k
Funding arb /

CAKE

all CAKE markets
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Funding spread now, next payment 18:00 UTC0.0000%/8h
paid, last 24h+0.014%paid, last 3 days+0.110%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni CAKE2.54320.0100pay 0.0050% / 4h2h 00m$541K$516K
ShortHyperliquid CAKE2.54760.0100get 0.0013% / 1h0m 14s$3.0M$4.4M3x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$9
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.171%
Avg gap 7d
+0.053%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 40 min ago4.70 bpdoesn't fit77.3 bp −$773doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago1.18 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

CAKE on 16 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective CAKE/USDC PERP+0.0033%1h$114$505.5xas long as short
Orderly PERP_CAKE_USDC+0.0046%4h$7K$15K10xas long as short
Hyperliquid CAKEshort+0.0100%1h$3.0M$4.4M3x
Aster CAKEUSDT+0.0100%4h$2.4M$127K10xas long as short
Binance CAKEUSDT+0.0100%4h$17.9M$42.4M75xas long as short
Bybit CAKEUSDT+0.0100%4h$5.3M$4.5M50xas long as short
Gate CAKE_USDT+0.0100%4h$848K$1.1M75xas long as short
MEXC CAKE_USDT+0.0100%4h$12.9M$2.8M125xas long as short
KuCoin CAKEUSDTM+0.0100%4h$2.5M$6.0M50xas long as short
Bitget CAKEUSDT+0.0100%4h$2.7M$3.2M75xas long as short
Show all 16 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX CAKE-USDT+0.0100%4h$3.4Mas long as short
Variational Omni CAKElong+0.0100%4h$541K$516K
ApeX Omni CAKEUSDT+0.0100%1h$11K$695K50xas long as short
BloFin CAKE-USDT+0.0130%4h$997K$389K75xas long as short
GMX CAKE/USD [WBTC.b-USDC]L +0.0422% / S −0.0272%1h$38K100xas long as short
Kraken Futures PF_CAKEUSD+0.1446%1h$58K$48K10xas long as short