CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0410%/8h= +44.9% APRnext payment +$0.51 per $10,000 · paid last 24h +0.059%

Price spread now: GMX against ApeX Omni−0.269%68s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.269% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.269% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 2.2 days of funding at the current rate (+$12 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CAKEUSDT	2.5041	−0.0141	get 0.0018% / 1h	26m 16s	$11K	$680K	50x
Short	GMX CAKE/USD [WBTC.b-USDC]	2.4974	L +0.0415% / S −0.0269%	get 0.0034% / 1h	26m 16s	$37K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against ApeX Omni. 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 ApeX OmnibpFee GMXbpOrdersPrice spread, now −0.269%Rate

Funding earned: $86.13
Price spread: −0.269% → 0.000%: −$26.88
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $37.25
Costs to cover: 0.220%
Break-even: 4.0 days

Slippage unknown: ApeX Omni: live order book, 27 min ago; GMX: no order-book sample. 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 ApeX Omni live order book, 27 min ago	3.19 bp	10.2 bp −$10	83.8 bp −$838	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0393%	4h	2.4940	−0.403%	$5.2M	$3.5M	50x	as long as short
ApeX Omni CAKEUSDTlong	−0.0141%	1h	2.5041	long leg	$11K	$680K	50x
Orderly PERP_CAKE_USDC	+0.0004%	4h	2.4959	−0.327%	$7K	$14K	10x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.593%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0056%	4h	2.4972	−0.276%	$992K	$356K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.4988	−0.212%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4975	−0.263%	$2.3M	$78K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.4962	−0.315%	$17.8M	$31.2M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4938	−0.411%	$868K	$636K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.4962	−0.315%	$13.3M	$2.8M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.4961	−0.319%	$2.4M	$5.5M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4970	−0.284%	$2.5M	$2.4M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4947	−0.375%	—	$3.8M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5031	−0.041%	$513K	$475K	—	as long as short
Kraken Futures PF_CAKEUSD	+0.0353%	1h	2.4978	−0.253%	$52K	$38K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]short	L +0.0415% / S −0.0269%	1h	2.4974	−0.269%	$37K	—	100x