Spread before costs (cost unknown: a leg has no order-book sample)−6.196%
7d average—if it closes, per $10,000$620funding while held, a day−$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CAKEUSDT | 2.5532 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $18.0M | $39.1M | 75x |
| Short | Injective CAKE/USDC PERP | 2.3950 | 0.0033 | get 0.0004% / 1h | 5m 14s | $13 | $61K | 5.5x |
Binance CAKEUSDT
Injective CAKE/USDC PERPPrice 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
- −$619.61
- Funding while held
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$631.63
- Spread needed to break even
- 0.100%
Slippage unknown: Binance: live order book, 8 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.00
- 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 Binance live order book, 8 min ago | 0.20 bp | 10.8 bp −$11 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Injective2.3950cheapest
BloFin2.5526+6.580%MEXC2.5528+6.589%BingX2.5528+6.589%Orderly2.5530+6.597%Gate2.5531+6.601%
BloFin
MEXC
BingX
Orderly
GateBinance2.5532+6.605%
GMX2.5537+6.628%Aster2.5539+6.636%Bybit2.5540+6.639%KuCoin2.5543+6.651%Variational Omni2.5545+6.661%Bitget2.5546+6.664%ApeX Omni2.5547+6.668%Hyperliquid2.5551+6.683%Kraken Futures2.5560+6.721%
GMX
Aster
Bybit
KuCoin
Variational Omni
Bitget
ApeX Omni
Hyperliquid
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 PERPshort | −6.196% | +0.0033% | 1h | $13 | $61K | 5.5x | |
| BloFin CAKE-USDT | −0.023% | +0.0105% | 4h | $985K | $407K | 75x | as long as short |
| MEXC CAKE_USDT | −0.016% | +0.0100% | 4h | $12.9M | $2.5M | 125x | as long as short |
| BingX CAKE-USDT | −0.016% | +0.0100% | 4h | — | $3.0M | — | as long as short |
| Orderly PERP_CAKE_USDC | −0.008% | +0.0053% | 4h | $16K | $2K | 10x | as long as short |
| Gate CAKE_USDT | −0.004% | +0.0100% | 4h | $853K | $1.1M | 75x | as long as short |
| Binance CAKEUSDTlong | 0.000% | +0.0100% | 4h | $18.0M | $39.1M | 75x | |
| GMX CAKE/USD [WBTC.b-USDC] | +0.021% | L +0.0423% / S −0.0272% | 1h | $38K | — | 100x | as long as short |
| Aster CAKEUSDT | +0.029% | +0.0100% | 4h | $2.4M | $118K | 10x | as long as short |
| Bybit CAKEUSDT | +0.031% | +0.0100% | 4h | $5.4M | $4.1M | 50x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.043% | +0.0100% | 4h | $2.6M | $6.1M | 50x | as long as short |
| Variational Omni CAKE | +0.052% | +0.0100% | 4h | $493K | $406K | — | as long as short |
| Bitget CAKEUSDT | +0.055% | +0.0100% | 4h | $2.7M | $2.7M | 75x | as long as short |
| ApeX Omni CAKEUSDT | +0.059% | −0.0040% | 1h | $16K | $691K | 50x | as long as short |
| Hyperliquid CAKE | +0.073% | +0.0100% | 1h | $2.7M | $3.9M | 3x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.108% | −0.0076% | 1h | $58K | $48K | 10x | as long as short |