Spread before costs (cost unknown: a leg has no order-book sample)−0.078%
7d average—if it closes, per $10,000$8funding while held, a day−$11.15
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX CAKE/USD [WBTC.b-USDC] | 2.5709 | L +0.0425% / S −0.0272% | pay 0.0053% / 1h | 17m 48s | $38K | — | 100x |
| Short | Orderly PERP_CAKE_USDC | 2.5689 | 0.0054 | get 0.0027% / 4h | 3h 17m | $7K | $15K | 10x |
GMX CAKE/USD [WBTC.b-USDC]
Orderly PERP_CAKE_USDCPrice 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
- −$7.79
- Funding while held
- −$11.15
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$36.94
- Spread needed to break even
- 0.180%
Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0372%
- Per $10,000 a day
- −$11.15
- 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 Orderly no order-book sample | — | — | — | — | — |
GMX and 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5600cheapestBloFin2.5604+0.016%ApeX Omni2.5645+0.176%Variational Omni2.5671+0.277%Gate2.5688+0.344%
Injective
BloFin
ApeX Omni
Variational Omni
GateOrderly2.5689+0.348%
BingX2.5694+0.367%Bybit2.5700+0.391%Binance2.5705+0.411%MEXC2.5707+0.418%
BingX
Bybit
Binance
MEXCGMX2.5709+0.426%
Aster2.5717+0.459%KuCoin2.5724+0.484%Bitget2.5728+0.500%Hyperliquid2.5729+0.505%Kraken Futures2.5737+0.535%
Aster
KuCoin
Bitget
Hyperliquid
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 | −0.424% | +0.0401% | 1h | $114 | $50 | 5.5x | as long as short |
| BloFin CAKE-USDT | −0.409% | +0.0113% | 4h | $1.0M | $382K | 75x | as long as short |
| ApeX Omni CAKEUSDT | −0.249% | +0.0059% | 1h | $12K | $696K | 50x | as long as short |
| Variational Omni CAKE | −0.148% | +0.0100% | 4h | $555K | $503K | — | as long as short |
| Gate CAKE_USDT | −0.082% | +0.0100% | 4h | $868K | $1.1M | 75x | as long as short |
| Orderly PERP_CAKE_USDCshort | −0.078% | +0.0054% | 4h | $7K | $15K | 10x | |
| BingX CAKE-USDT | −0.059% | +0.0100% | 4h | — | $3.3M | — | as long as short |
| Bybit CAKEUSDT | −0.035% | +0.0100% | 4h | $5.3M | $4.5M | 50x | as long as short |
| Binance CAKEUSDT | −0.015% | +0.0100% | 4h | $18.2M | $42.2M | 75x | as long as short |
| MEXC CAKE_USDT | −0.008% | +0.0100% | 4h | $12.9M | $2.7M | 125x | 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 +0.0425% / S −0.0272% | 1h | $38K | — | 100x | |
| Aster CAKEUSDT | +0.033% | +0.0100% | 4h | $2.4M | $132K | 10x | as long as short |
| KuCoin CAKEUSDTM | +0.058% | +0.0100% | 4h | $2.5M | $6.1M | 50x | as long as short |
| Bitget CAKEUSDT | +0.074% | +0.0100% | 4h | $2.9M | $3.0M | 75x | as long as short |
| Hyperliquid CAKE | +0.079% | +0.0100% | 1h | $3.1M | $4.4M | 3x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.108% | +0.1558% | 1h | $58K | $54K | 10x | as long as short |