data as of
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Price arb /

CAKE

all CAKE markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.059%
7d average+0.002%if it closes, per $10,000$6funding while held, a day+$0.00
Long on HyperliquidShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CAKE2.54600.0100pay 0.0013% / 1h14m 16s$3.0M$4.1M3x
ShortApeX Omni CAKEUSDT2.54450.0100get 0.0013% / 1h14m 16s$15K$699K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$5.89
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$24.89
Spread needed to break even
0.190%
Slippage unknown: Hyperliquid: live order book, 9 min ago; ApeX Omni: live order book, 21 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 9 min ago0.79 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 21 min ago6.28 bp14.1 bp −$1489.6 bp −$896doesn't fitdoesn't fit

CAKE price on every exchange

against the cheapest. Click to use as the short leg.
Bybit2.5418cheapestGate2.5419+0.004%BloFin2.5419+0.004%Variational Omni2.5426+0.031%BingX2.5440+0.087%Injective2.5440+0.087%Binance2.5441+0.090%KuCoin2.5444+0.102%
ApeX Omni2.5445+0.106%
MEXC2.5446+0.110%Orderly2.5446+0.110%Bitget2.5458+0.157%
Hyperliquid2.5460+0.165%
Aster2.5461+0.169%GMX2.5462+0.173%Kraken Futures2.5486+0.269%

CAKE on 16 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit CAKEUSDT−0.165%+0.0100%4h$5.3M$4.4M50xas long as short
Gate CAKE_USDT−0.161%+0.0100%4h$848K$1.1M75xas long as short
BloFin CAKE-USDT−0.161%+0.0080%4h$985K$389K75xas long as short
Variational Omni CAKE−0.134%+0.0100%4h$542K$517K—as long as short
BingX CAKE-USDT−0.079%+0.0100%4h—$3.4M—as long as short
Injective CAKE/USDC PERP−0.079%+0.0033%1h$113$52K5.5xas long as short
Binance CAKEUSDT−0.075%+0.0100%4h$17.8M$41.4M75xas long as short
KuCoin CAKEUSDTM−0.063%+0.0100%4h$2.5M$5.9M50xas long as short
ApeX Omni CAKEUSDTshort−0.059%+0.0100%1h$15K$699K50x
MEXC CAKE_USDT−0.055%+0.0100%4h$13.1M$2.8M125xas long as short
Show all 16 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_CAKE_USDC−0.055%+0.0039%4h$7K$15K10xas long as short
Bitget CAKEUSDT−0.008%+0.0100%4h$2.7M$3.1M75xas long as short
Hyperliquid CAKElong0.000%+0.0100%1h$3.0M$4.1M3x
Aster CAKEUSDT+0.004%+0.0100%4h$2.4M$127K10xas long as short
GMX CAKE/USD [WBTC.b-USDC]+0.007%L +0.0422% / S −0.0272%1h$38K—100xas long as short
Kraken Futures PF_CAKEUSD+0.103%+0.0970%1h$58K$48K10xas long as short