CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Variational Omni−0.042%7-day average +0.025% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.250%−$25 · spread now −0.042%, 7d avg +0.025%

Together, before fees−0.201%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.068% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.025%). If the spread goes back, that is −$7 on $10k: about 14 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.049% in total) that is about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CAKE	2.4640	0.0064	pay 0.0032% / 4h	21m 21s	$514K	$412K	—
Short	MEXC CAKE_USDT	2.4630	0.0080	get 0.0040% / 4h	21m 21s	$13.9M	$2.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee MEXCbpOrdersPrice spread, now −0.042%Rate

Funding earned: $3.41
Price spread: −0.042% → +0.025%: −$6.76
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$7.35
Costs to cover: 0.040%
Break-even: 22.1 days

Slippage unknown: Variational Omni: RFQ quote, 18 min ago; MEXC: live order book, 2 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 Variational Omni RFQ quote, 18 min ago	4.73 bp	doesn't fit	77.8 bp −$778	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.61 bp	5.9 bp −$6	36.4 bp −$364	118.4 bp −$11.8K	doesn't fit

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	−0.0250%	4h	2.4600	−0.164%	$5.2M	$3.1M	50x	as long as short
Orderly PERP_CAKE_USDC	−0.0127%	4h	2.4612	−0.115%	$7K	$14K	10x	as long as short
ApeX Omni CAKEUSDT	+0.0017%	1h	2.4669	+0.116%	$10K	$672K	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+3.245%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0045%	4h	2.4608	−0.132%	$985K	$309K	75x	as long as short
KuCoin CAKEUSDTM	+0.0060%	4h	2.4635	−0.022%	$2.4M	$5.1M	50x	as long as short
Variational Omni CAKElong	+0.0064%	4h	2.4640	long leg	$514K	$412K	—
MEXC CAKE_USDTshort	+0.0080%	4h	2.4630	−0.042%	$13.9M	$2.7M	125x
Binance CAKEUSDT	+0.0080%	4h	2.4605	−0.144%	$17.4M	$27.6M	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.4637	−0.014%	$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	2.4629	−0.047%	$2.3M	$104K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4610	−0.124%	$872K	$578K	75x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4604	−0.148%	$2.5M	$2.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4606	−0.140%	—	$3.8M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0413% / S −0.0269%	1h	2.4656	+0.064%	$36K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0645%	1h	2.4626	−0.058%	$53K	$41K	10x	as long as short