Spread before costs (cost unknown: a leg has no order-book sample)−0.060%
7d average—if it closes, per $10,000$6funding while held, a day−$9.80
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX CAKE/USD [WBTC.b-USDC] | 2.5924 | L +0.0427% / S −0.0272% | pay 0.0053% / 1h | 2m 02s | $38K | — | 100x |
| Short | MEXC CAKE_USDT | 2.5908 | 0.0100 | get 0.0050% / 4h | 2m 02s | $13.1M | $2.7M | 125x |
GMX CAKE/USD [WBTC.b-USDC]
MEXC CAKE_USDTPrice 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
- −$6.04
- Funding while held
- −$9.8
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$31.83
- Spread needed to break even
- 0.160%
Slippage unknown: GMX: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0327%
- Per $10,000 a day
- −$9.80
- 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 MEXC live order book, 3 min ago | 0.96 bp | 5.3 bp −$5 | 33.2 bp −$332 | 108.8 bp −$10.9K | 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.Injective2.5600cheapestGate2.5896+1.156%BingX2.5899+1.168%Bybit2.5900+1.172%Binance2.5905+1.191%
Injective
Gate
BingX
Bybit
BinanceMEXC2.5908+1.203%
Bitget2.5913+1.223%KuCoin2.5915+1.230%Orderly2.5915+1.230%Aster2.5915+1.231%
Bitget
KuCoin
Orderly
AsterGMX2.5924+1.264%
Hyperliquid2.5944+1.344%Kraken Futures2.6045+1.736%Variational Omni2.6179+2.261%BloFin2.6183+2.277%ApeX Omni2.6220+2.422%
Hyperliquid
Kraken Futures
Variational Omni
BloFin
ApeX OmniCAKE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective CAKE/USDC PERP | −1.248% | +0.0033% | 1h | $114 | $50 | 5.5x | as long as short |
| Gate CAKE_USDT | −0.107% | +0.0100% | 4h | $873K | $1.1M | 75x | as long as short |
| BingX CAKE-USDT | −0.095% | +0.0100% | 4h | — | $3.2M | — | as long as short |
| Bybit CAKEUSDT | −0.091% | +0.0100% | 4h | $5.5M | $4.5M | 50x | as long as short |
| Binance CAKEUSDT | −0.072% | +0.0100% | 4h | $18.8M | $41.8M | 75x | as long as short |
| MEXC CAKE_USDTshort | −0.060% | +0.0100% | 4h | $13.1M | $2.7M | 125x | |
| Bitget CAKEUSDT | −0.041% | +0.0100% | 4h | $2.9M | $3.0M | 75x | as long as short |
| KuCoin CAKEUSDTM | −0.033% | +0.0100% | 4h | $2.5M | $6.2M | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.033% | +0.0062% | 4h | $17K | $2K | 10x | as long as short |
| Aster CAKEUSDT | −0.032% | +0.0100% | 4h | $2.4M | $129K | 10x | 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 +0.0427% / S −0.0272% | 1h | $38K | — | 100x | |
| Hyperliquid CAKE | +0.078% | +0.0100% | 1h | $3.2M | $4.4M | 3x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.466% | −0.0125% | 1h | $59K | $56K | 10x | as long as short |
| Variational Omni CAKE | +0.984% | +0.0100% | 4h | $566K | $502K | — | as long as short |
| BloFin CAKE-USDT | +1.000% | +0.0106% | 4h | $1.0M | $422K | 75x | as long as short |
| ApeX Omni CAKEUSDT | +1.143% | +0.0100% | 1h | $16K | $696K | 50x | as long as short |