Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.019%
Price spread now: Injective against Gate+1.833%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.064%−$6 on $10k
+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. Injective is 1.833% dearer against Gate than usual: you sell high and buy low (spread +1.833% now, against zero (this spread has no 7-day history yet)): +$183 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.064% in total) that is about 7 months. The two prices were read 54 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 | Gate CAKE_USDT | 2.4982 | 0.0100 | pay 0.0050% / 4h | 42m 23s | $880K | $563K | 75x |
| Short | Injective CAKE/USDC PERP | 2.5440 | 0.0033 | get 0.0004% / 1h | 42m 23s | $113 | $52K | 5.5x |
Gate CAKE_USDT
Injective CAKE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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
- −$14
- Price spread: +1.833% → 0.000%
- $183.33
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $154.31
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 59 min ago; Injective: 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 Gate live order book, 59 min ago | 3.40 bp | 37.2 bp −$37 | 120.9 bp −$1,209 | 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 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 | −0.0107% | 4h | 2.5002 | +0.080% | $7K | $14K | 10x | as long as short |
| Bybit CAKEUSDT | −0.0080% | 4h | 2.4993 | +0.044% | $5.2M | $3.3M | 50x | as long as short |
| KuCoin CAKEUSDTM | +0.0012% | 4h | 2.5011 | +0.116% | $2.4M | $5.2M | 50x | as long as short |
| Injective CAKE/USDC PERPshort | +0.0033% | 1h | 2.5440 | +1.833% | $113 | $52K | 5.5x | |
| Variational Omni CAKE | +0.0068% | 4h | 2.4995 | +0.053% | $511K | $410K | — | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.5028 | +0.184% | $3.1M | $1.8M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5018 | +0.142% | $2.4M | $76K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5002 | +0.081% | $17.7M | $28.8M | 75x | as long as short |
| Gate CAKE_USDTlong | +0.0100% | 4h | 2.4982 | long leg | $880K | $563K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5001 | +0.076% | $13.3M | $2.5M | 125x | as long as short |
Orderly PERP_CAKE_USDC
Bybit CAKEUSDT
KuCoin CAKEUSDTM
Variational Omni CAKE
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5029 | +0.188% | $2.5M | $2.1M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5009 | +0.108% | — | $3.8M | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5007 | +0.100% | $11K | $674K | 50x | as long as short |
| BloFin CAKE-USDT | +0.0141% | 4h | 2.4979 | −0.012% | $989K | $311K | 75x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0416% / S −0.0269% | 1h | 2.5018 | +0.144% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0635% | 1h | 2.5027 | +0.181% | $51K | $33K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
ApeX Omni CAKEUSDT
BloFin CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD