Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%
Price spread now: Gate against Hyperliquid−0.169%7-day average −0.049% · 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 4 days (all we have)+0.004%$0 · spread now −0.169%, 7d avg −0.049%
=Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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: Gate is 0.119% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CAKE | 2.5514 | 0.0100 | pay 0.0013% / 1h | 55m 51s | $3.1M | $3.4M | 3x |
| Short | Gate CAKE_USDT | 2.5471 | 0.0100 | get 0.0050% / 4h | 2h 55m | $888K | $858K | 75x |
Hyperliquid CAKE
Gate CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.169% → −0.049%
- −$11.91
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$35.91
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Gate: live order book, 30 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, 6 min ago | 0.98 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 30 min ago | 4.31 bp | 35.7 bp −$36 | 78.6 bp −$786 | doesn't fit | 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 | +0.0005% | 4h | 2.5477 | −0.145% | $7K | $15K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | −0.290% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0062% | 4h | 2.5457 | −0.223% | $996K | $342K | 75x | as long as short |
| Hyperliquid CAKElong | +0.0100% | 1h | 2.5514 | long leg | $3.1M | $3.4M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5492 | −0.085% | $2.4M | $111K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5470 | −0.171% | $18.2M | $39.9M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5460 | −0.212% | $5.3M | $4.2M | 50x | as long as short |
| Gate CAKE_USDTshort | +0.0100% | 4h | 2.5471 | −0.169% | $888K | $858K | 75x | |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5474 | −0.157% | $14.2M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5491 | −0.090% | $2.5M | $5.8M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
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 | 2.5489 | −0.098% | $2.7M | $3.0M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5473 | −0.161% | — | $3.5M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.5525 | +0.045% | $545K | $498K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5504 | −0.039% | $13K | $695K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5481 | −0.129% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0497% | 1h | 2.5517 | +0.013% | $57K | $39K | 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