Spread before costs (cost unknown: a leg has no order-book sample)−0.190%
7d average—if it closes, per $10,000$19funding while held, a day−$26.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CAKEUSD | 2.5566 | 0.0967 | pay 0.0121% / 1h | 35m 10s | $58K | $48K | 10x |
| Short | Bitget CAKEUSDT | 2.5517 | 0.0100 | get 0.0050% / 4h | 1h 35m | $2.7M | $3.2M | 75x |
Kraken Futures PF_CAKEUSD
Bitget CAKEUSDTPrice 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
- −$18.99
- Funding while held
- −$26
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$66.99
- Spread needed to break even
- 0.220%
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0867%
- Per $10,000 a day
- −$26.00
- 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 4 min ago | 4.31 bp | 17.6 bp −$18 | 36.7 bp −$367 | doesn't fit | doesn't fit |
Kraken Futures: 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.Bybit2.5480cheapestMEXC2.5483+0.012%Variational Omni2.5486+0.023%BingX2.5488+0.031%Binance2.5492+0.047%Orderly2.5492+0.047%BloFin2.5493+0.051%KuCoin2.5503+0.090%Gate2.5504+0.094%Hyperliquid2.5510+0.117%GMX2.5511+0.122%Aster2.5514+0.134%
Bybit
MEXC
Variational Omni
BingX
Binance
Orderly
BloFin
KuCoin
Gate
Hyperliquid
GMX
AsterBitget2.5517+0.145%
ApeX Omni2.5519+0.153%
ApeX OmniKraken Futures2.5566+0.336%
Injective2.5600+0.471%
InjectiveCAKE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | −0.335% | +0.0100% | 4h | $5.3M | $4.5M | 50x | as long as short |
| MEXC CAKE_USDT | −0.323% | +0.0100% | 4h | $13.2M | $2.8M | 125x | as long as short |
| Variational Omni CAKE | −0.312% | +0.0100% | 4h | $544K | $517K | — | as long as short |
| BingX CAKE-USDT | −0.303% | +0.0100% | 4h | — | $3.4M | — | as long as short |
| Binance CAKEUSDT | −0.288% | +0.0100% | 4h | $17.9M | $42.4M | 75x | as long as short |
| Orderly PERP_CAKE_USDC | −0.288% | +0.0044% | 4h | $7K | $15K | 10x | as long as short |
| BloFin CAKE-USDT | −0.284% | +0.0042% | 4h | $989K | $391K | 75x | as long as short |
| KuCoin CAKEUSDTM | −0.245% | +0.0100% | 4h | $2.5M | $5.9M | 50x | as long as short |
| Gate CAKE_USDT | −0.241% | +0.0100% | 4h | $851K | $1.1M | 75x | as long as short |
| Hyperliquid CAKE | −0.218% | +0.0100% | 1h | $3.0M | $4.2M | 3x | 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] | −0.213% | L +0.0422% / S −0.0272% | 1h | $38K | — | 100x | as long as short |
| Aster CAKEUSDT | −0.201% | +0.0100% | 4h | $2.4M | $127K | 10x | as long as short |
| Bitget CAKEUSDTshort | −0.190% | +0.0100% | 4h | $2.7M | $3.2M | 75x | |
| ApeX Omni CAKEUSDT | −0.182% | +0.0100% | 1h | $14K | $697K | 50x | as long as short |
| Kraken Futures PF_CAKEUSDlong | 0.000% | +0.0967% | 1h | $58K | $48K | 10x | |
| Injective CAKE/USDC PERP | +0.135% | +0.0033% | 1h | $114 | $50 | 5.5x | as long as short |