Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.148%7-day average +0.065% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 7 days−0.087%−$9 · spread now +0.148%, 7d avg +0.065%
=Together, before fees+0.091%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.083% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CAKEUSDT | 2.5024 | 0.0100 | pay 0.0050% / 4h | 51m 43s | $5.2M | $3.6M | 50x |
| Short | Hyperliquid CAKE | 2.5061 | 0.0100 | get 0.0013% / 1h | 51m 43s | $3.1M | $2.5M | 3x |
Bybit CAKEUSDT
Hyperliquid CAKEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.148% → +0.065%
- $8.31
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$11.69
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Hyperliquid: live order book, 10 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 Bybit live order book, 1 min ago | 3.99 bp | 21.7 bp −$22 | 74.2 bp −$742 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.20 bp | doesn't fit | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDC | +0.0016% | 4h | 2.5044 | +0.080% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.662% | $113 | $52K | 5.5x | as long as short |
| ApeX Omni CAKEUSDT | +0.0089% | 1h | 2.5095 | +0.284% | $11K | $680K | 50x | as long as short |
| Hyperliquid CAKEshort | +0.0100% | 1h | 2.5061 | +0.148% | $3.1M | $2.5M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5071 | +0.188% | $2.4M | $72K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5029 | +0.020% | $17.9M | $31.3M | 75x | as long as short |
| Bybit CAKEUSDTlong | +0.0100% | 4h | 2.5024 | long leg | $5.2M | $3.6M | 50x | |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5025 | +0.004% | $872K | $641K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5025 | +0.004% | $13.6M | $2.9M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5041 | +0.068% | $2.4M | $5.5M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
ApeX Omni CAKEUSDT
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5061 | +0.148% | $2.6M | $2.3M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5040 | +0.064% | — | $3.7M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5101 | +0.307% | $520K | $469K | — | as long as short |
| BloFin CAKE-USDT | +0.0154% | 4h | 2.5070 | +0.184% | $1.0M | $367K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5055 | +0.124% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0750% | 1h | 2.5075 | +0.204% | $54K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD