Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: Binance against Hyperliquid−0.155%7-day average −0.041% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 7 days+0.123%+$12 · spread now −0.155%, 7d avg −0.041%
=Together, before fees+0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.114% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CAKE | 2.5459 | 0.0100 | pay 0.0013% / 1h | 12m 39s | $3.2M | $3.2M | 3x |
| Short | Binance CAKEUSDT | 2.5419 | 0.0100 | get 0.0050% / 4h | 1h 12m | $18.3M | $38.2M | 75x |
Hyperliquid CAKE
Binance CAKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- $0
- Price spread: −0.155% → −0.041%
- −$11.39
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$30.39
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Binance: live order book, 14 min ago. 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 Hyperliquid live order book, 9 min ago | 0.98 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.59 bp | 10.3 bp −$10 | 19.8 bp −$198 | 115.5 bp −$11.6K | doesn't fit |
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 | +0.0020% | 4h | 2.5396 | −0.247% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.075% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0055% | 4h | 2.5400 | −0.232% | $996K | $363K | 75x | as long as short |
| Hyperliquid CAKElong | +0.0100% | 1h | 2.5459 | long leg | $3.2M | $3.2M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5434 | −0.098% | $2.4M | $87K | 10x | as long as short |
| Binance CAKEUSDTshort | +0.0100% | 4h | 2.5419 | −0.155% | $18.3M | $38.2M | 75x | |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5412 | −0.185% | $5.3M | $4.0M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5402 | −0.224% | $887K | $766K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5421 | −0.149% | $14.1M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5424 | −0.137% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Aster CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5436 | −0.090% | $2.7M | $2.8M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5417 | −0.165% | — | $3.6M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5367 | −0.362% | $532K | $492K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5398 | −0.240% | $13K | $699K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5408 | −0.200% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0776% | 1h | 2.5469 | +0.039% | $57K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD