Spread before costs (cost unknown: a leg has no order-book sample)+0.062%
7d average—if it closes, per $10,000$6funding while held, a day+$5.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster CAKEUSDT | 2.5826 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $2.4M | $131K | 10x |
| Short | GMX CAKE/USD [WBTC.b-USDC] | 2.5843 | L +0.0426% / S −0.0272% | get 0.0034% / 1h | 28m 49s | $38K | — | 100x |
Aster CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $6.22
- Funding while held
- $5.17
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$8.61
- Spread needed to break even
- 0.200%
Slippage unknown: Aster: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0172%
- Per $10,000 a day
- +$5.17
- Average in range /8h
- —
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 Aster live order book, 1 min ago | 3.68 bp | 34.0 bp −$34 | 1625.9 bp −$16.3K | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5600cheapestVariational Omni2.5776+0.689%ApeX Omni2.5797+0.770%Bybit2.5800+0.781%MEXC2.5801+0.785%BloFin2.5802+0.789%Gate2.5803+0.793%Binance2.5811+0.824%KuCoin2.5815+0.840%BingX2.5816+0.844%Bitget2.5819+0.855%Orderly2.5823+0.871%Hyperliquid2.5826+0.883%
Injective
Variational Omni
ApeX Omni
Bybit
MEXC
BloFin
Gate
Binance
KuCoin
BingX
Bitget
Orderly
HyperliquidAster2.5826+0.885%
GMX2.5843+0.947%
Kraken Futures2.5906+1.197%
Kraken FuturesCAKE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective CAKE/USDC PERP | −0.877% | +0.0401% | 1h | $114 | $50 | 5.5x | as long as short |
| Variational Omni CAKE | −0.194% | +0.0100% | 4h | $556K | $503K | — | as long as short |
| ApeX Omni CAKEUSDT | −0.114% | +0.0030% | 1h | $12K | $696K | 50x | as long as short |
| Bybit CAKEUSDT | −0.103% | +0.0100% | 4h | $5.4M | $4.5M | 50x | as long as short |
| MEXC CAKE_USDT | −0.099% | +0.0100% | 4h | $13.0M | $2.6M | 125x | as long as short |
| BloFin CAKE-USDT | −0.095% | +0.0058% | 4h | $1.0M | $379K | 75x | as long as short |
| Gate CAKE_USDT | −0.091% | +0.0100% | 4h | $872K | $1.1M | 75x | as long as short |
| Binance CAKEUSDT | −0.060% | +0.0100% | 4h | $18.3M | $42.4M | 75x | as long as short |
| KuCoin CAKEUSDTM | −0.044% | +0.0100% | 4h | $2.5M | $6.1M | 50x | as long as short |
| BingX CAKE-USDT | −0.041% | +0.0100% | 4h | — | $3.3M | — | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | −0.029% | +0.0100% | 4h | $2.9M | $3.0M | 75x | as long as short |
| Orderly PERP_CAKE_USDC | −0.013% | +0.0056% | 4h | $7K | $15K | 10x | as long as short |
| Hyperliquid CAKE | −0.002% | +0.0100% | 1h | $3.1M | $4.5M | 3x | as long as short |
| Aster CAKEUSDTlong | 0.000% | +0.0100% | 4h | $2.4M | $131K | 10x | |
| GMX CAKE/USD [WBTC.b-USDC]short | +0.062% | L +0.0426% / S −0.0272% | 1h | $38K | — | 100x | |
| Kraken Futures PF_CAKEUSD | +0.309% | +0.1548% | 1h | $58K | $54K | 10x | as long as short |