Spread before costs (cost unknown: a leg has no order-book sample)+0.016%
7d average—if it closes, per $10,000$2funding while held, a day−$9.69
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX CAKE/USD [WBTC.b-USDC] | 2.5426 | L +0.0423% / S −0.0272% | pay 0.0053% / 1h | 58m 40s | $38K | — | 100x |
| Short | Hyperliquid CAKE | 2.5430 | 0.0100 | get 0.0013% / 1h | 58m 40s | $2.7M | $4.0M | 3x |
GMX CAKE/USD [WBTC.b-USDC]
Hyperliquid CAKEPrice 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
- $1.62
- Funding while held
- −$9.69
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$29.07
- Spread needed to break even
- 0.210%
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0323%
- Per $10,000 a day
- −$9.69
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 0.78 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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.Injective2.3950cheapest
ApeX Omni2.5395+6.033%Bybit2.5407+6.084%Gate2.5411+6.100%BingX2.5411+6.100%BloFin2.5414+6.113%MEXC2.5416+6.121%Bitget2.5418+6.129%Orderly2.5421+6.142%Binance2.5423+6.150%
Injective
ApeX Omni
Bybit
Gate
BingX
BloFin
MEXC
Bitget
Orderly
BinanceGMX2.5426+6.162%
Hyperliquid2.5430+6.180%
KuCoin2.5433+6.192%Aster2.5434+6.197%Variational Omni2.5453+6.276%Kraken Futures2.5455+6.285%
KuCoin
Aster
Variational Omni
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 | −5.805% | +0.0033% | 1h | $13 | $61K | 5.5x | as long as short |
| ApeX Omni CAKEUSDT | −0.121% | −0.0024% | 1h | $13K | $688K | 50x | as long as short |
| Bybit CAKEUSDT | −0.074% | +0.0100% | 4h | $5.3M | $4.0M | 50x | as long as short |
| Gate CAKE_USDT | −0.058% | +0.0100% | 4h | $848K | $1.1M | 75x | as long as short |
| BingX CAKE-USDT | −0.058% | +0.0100% | 4h | — | $3.0M | — | as long as short |
| BloFin CAKE-USDT | −0.047% | +0.0147% | 4h | $989K | $404K | 75x | as long as short |
| MEXC CAKE_USDT | −0.039% | +0.0100% | 4h | $12.9M | $2.4M | 125x | as long as short |
| Bitget CAKEUSDT | −0.031% | +0.0100% | 4h | $2.7M | $2.7M | 75x | as long as short |
| Orderly PERP_CAKE_USDC | −0.019% | +0.0062% | 4h | $16K | $2K | 10x | as long as short |
| Binance CAKEUSDT | −0.011% | +0.0100% | 4h | $18.1M | $39.3M | 75x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX CAKE/USD [WBTC.b-USDC]long | 0.000% | L +0.0423% / S −0.0272% | 1h | $38K | — | 100x | |
| Hyperliquid CAKEshort | +0.016% | +0.0100% | 1h | $2.7M | $4.0M | 3x | |
| KuCoin CAKEUSDTM | +0.028% | +0.0100% | 4h | $2.6M | $6.1M | 50x | as long as short |
| Aster CAKEUSDT | +0.033% | +0.0100% | 4h | $2.4M | $121K | 10x | as long as short |
| Variational Omni CAKE | +0.107% | +0.0100% | 4h | $433K | $342K | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.116% | −0.0076% | 1h | $58K | $49K | 10x | as long as short |