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)−0.031%
7d average+0.012%if it closes, per $10,000$3funding while held, a day+$0.00
Long on KuCoinShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CAKEUSDTM2.55220.0100pay 0.0050% / 4h1h 01m$2.6M$6.1M50x
ShortHyperliquid CAKE2.55140.0100get 0.0013% / 1h1m 33s$2.7M$3.9M3x

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
−$3.13
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$24.13
Spread needed to break even
0.210%
Slippage unknown: KuCoin: live order book, 3 min ago; Hyperliquid: live order book, 1 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 KuCoin live order book, 3 min ago1.37 bp43.2 bp −$43121.6 bp −$1,216doesn't fitdoesn't fit
Sell Hyperliquid live order book, 1 min ago0.20 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

CAKE price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.3950cheapest
Binance2.5479+6.384%MEXC2.5479+6.384%Bybit2.5482+6.397%BingX2.5491+6.434%Gate2.5497+6.459%Bitget2.5498+6.463%
Hyperliquid2.5514+6.530%
Aster2.5516+6.538%
KuCoin2.5522+6.564%
Orderly2.5529+6.593%BloFin2.5530+6.597%GMX2.5536+6.624%Kraken Futures2.5538+6.630%Variational Omni2.5545+6.661%ApeX Omni2.5549+6.676%

CAKE on 16 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective CAKE/USDC PERP−6.159%+0.0033%1h$13$61K5.5xas long as short
Binance CAKEUSDT−0.168%+0.0100%4h$17.9M$39.1M75xas long as short
MEXC CAKE_USDT−0.168%+0.0100%4h$12.9M$2.5M125xas long as short
Bybit CAKEUSDT−0.157%+0.0100%4h$5.4M$4.1M50xas long as short
BingX CAKE-USDT−0.121%+0.0100%4h—$3.0M—as long as short
Gate CAKE_USDT−0.098%+0.0100%4h$852K$1.1M75xas long as short
Bitget CAKEUSDT−0.094%+0.0100%4h$2.7M$2.7M75xas long as short
Hyperliquid CAKEshort−0.031%+0.0100%1h$2.7M$3.9M3x
Aster CAKEUSDT−0.024%+0.0100%4h$2.4M$118K10xas long as short
KuCoin CAKEUSDTMlong0.000%+0.0100%4h$2.6M$6.1M50x
Show all 16 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_CAKE_USDC+0.027%+0.0053%4h$16K$2K10xas long as short
BloFin CAKE-USDT+0.031%+0.0144%4h$982K$407K75xas long as short
GMX CAKE/USD [WBTC.b-USDC]+0.056%L +0.0423% / S −0.0272%1h$38K—100xas long as short
Kraken Futures PF_CAKEUSD+0.063%−0.0076%1h$58K$48K10xas long as short
Variational Omni CAKE+0.091%+0.0100%4h$493K$406K—as long as short
ApeX Omni CAKEUSDT+0.106%−0.0014%1h$16K$691K50xas long as short