Spread before costs (cost unknown: a leg has no order-book sample)−0.252%
7d average—if it closes, per $10,000$25funding while held, a day+$6.79
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CAKEUSD | 2.5735 | −0.0126 | get 0.0016% / 1h | 50m 44s | $58K | $52K | 10x |
| Short | MEXC CAKE_USDT | 2.5670 | 0.0100 | get 0.0050% / 4h | 50m 44s | $12.9M | $2.4M | 125x |
Kraken Futures PF_CAKEUSD
MEXC CAKE_USDTPrice 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
- −$25.19
- Funding while held
- $6.79
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$32.4
- Spread needed to break even
- 0.140%
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0226%
- Per $10,000 a day
- +$6.79
- 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 MEXC live order book, 4 min ago | 1.17 bp | 5.6 bp −$6 | 40.0 bp −$400 | 118.1 bp −$11.8K | 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.ApeX Omni2.5547cheapestVariational Omni2.5587+0.156%Injective2.5600+0.207%Orderly2.5646+0.388%GMX2.5653+0.414%Bybit2.5660+0.442%Gate2.5661+0.446%KuCoin2.5662+0.450%BingX2.5664+0.458%Binance2.5664+0.460%
ApeX Omni
Variational Omni
Injective
Orderly
GMX
Bybit
Gate
KuCoin
BingX
BinanceMEXC2.5670+0.481%
BloFin2.5672+0.489%Aster2.5690+0.562%Bitget2.5692+0.568%Hyperliquid2.5701+0.603%
BloFin
Aster
Bitget
HyperliquidKraken Futures2.5735+0.735%
CAKE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDT | −0.730% | +0.0100% | 1h | $15K | $693K | 50x | as long as short |
| Variational Omni CAKE | −0.575% | +0.0100% | 4h | $494K | $406K | — | as long as short |
| Injective CAKE/USDC PERP | −0.524% | +0.0033% | 1h | $114 | $50 | 5.5x | as long as short |
| Orderly PERP_CAKE_USDC | −0.345% | +0.0052% | 4h | $16K | $2K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | −0.318% | L +0.0423% / S −0.0272% | 1h | $38K | — | 100x | as long as short |
| Bybit CAKEUSDT | −0.291% | +0.0100% | 4h | $5.4M | $4.1M | 50x | as long as short |
| Gate CAKE_USDT | −0.287% | +0.0100% | 4h | $856K | $1.1M | 75x | as long as short |
| KuCoin CAKEUSDTM | −0.283% | +0.0100% | 4h | $2.6M | $6.1M | 50x | as long as short |
| BingX CAKE-USDT | −0.275% | +0.0100% | 4h | — | $3.0M | — | as long as short |
| Binance CAKEUSDT | −0.274% | +0.0100% | 4h | $18.0M | $39.4M | 75x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC CAKE_USDTshort | −0.252% | +0.0100% | 4h | $12.9M | $2.4M | 125x | |
| BloFin CAKE-USDT | −0.244% | +0.0077% | 4h | $994K | $409K | 75x | as long as short |
| Aster CAKEUSDT | −0.172% | +0.0100% | 4h | $2.4M | $119K | 10x | as long as short |
| Bitget CAKEUSDT | −0.166% | +0.0100% | 4h | $2.8M | $2.8M | 75x | as long as short |
| Hyperliquid CAKE | −0.131% | +0.0100% | 1h | $2.7M | $3.9M | 3x | as long as short |
| Kraken Futures PF_CAKEUSDlong | 0.000% | −0.0126% | 1h | $58K | $52K | 10x |