CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0245%/8h= −26.9% APRnext payment −$1.23 per $10,000 · paid last 24h −0.028%

Price spread now: Orderly against Bitget+0.052%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Orderly is 0.052% dearer against Bitget than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CAKEUSDT	2.5177	0.0100	pay 0.0050% / 4h	3h 15m	$2.6M	$2.0M	75x
Short	Orderly PERP_CAKE_USDC	2.5190	−0.0145	pay 0.0073% / 4h	3h 15m	$7K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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 BitgetbpFee OrderlybpOrdersPrice spread, now +0.052%Rate

Funding earned: −$51.53
Price spread: +0.052% → 0.000%: $5.16
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$64.36
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Orderly: 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 Bitget live order book, 2 min ago	2.38 bp	18.4 bp −$18	34.8 bp −$348	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1136%	4h	2.5182	+0.020%	$5.4M	$3.1M	50x	as long as short
Variational Omni CAKE	−0.0624%	4h	2.5166	−0.042%	$520K	$408K	—	as long as short
Kraken Futures PF_CAKEUSD	−0.0280%	1h	2.5202	+0.098%	$55K	$43K	10x	as long as short
ApeX Omni CAKEUSDT	−0.0267%	1h	2.5156	−0.083%	$11K	$670K	50x	as long as short
Orderly PERP_CAKE_USDCshort	−0.0145%	4h	2.5190	+0.052%	$7K	$13K	10x
BloFin CAKE-USDT	+0.0023%	4h	2.5173	−0.016%	$992K	$316K	75x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.045%	$113	$52K	5.5x	as long as short
MEXC CAKE_USDT	+0.0052%	4h	2.5186	+0.036%	$15.6M	$3.0M	125x	as long as short
Binance CAKEUSDT	+0.0054%	4h	2.5193	+0.064%	$17.7M	$26.8M	75x	as long as short
KuCoin CAKEUSDTM	+0.0068%	4h	2.5186	+0.036%	$2.5M	$5.1M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CAKE	+0.0100%	1h	2.5212	+0.139%	$3.2M	$1.8M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5190	+0.052%	$2.3M	$158K	10x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5162	−0.060%	$898K	$595K	75x	as long as short
Bitget CAKEUSDTlong	+0.0100%	4h	2.5177	long leg	$2.6M	$2.0M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5188	+0.044%	—	$3.8M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0381% / S −0.0214%	1h	2.5216	+0.154%	$37K	—	100x	as long as short