CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.37 per $10,000 · paid last 24h −0.014%

Price spread now: Orderly against KuCoin+0.043%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.043% dearer against KuCoin than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CAKEUSDTM	2.5397	0.0100	pay 0.0050% / 4h	3h 03m	$2.5M	$5.5M	50x
Short	Orderly PERP_CAKE_USDC	2.5408	0.0025	get 0.0013% / 4h	3h 03m	$7K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee OrderlybpOrdersPrice spread, now +0.043%Rate

Funding earned: −$15.75
Price spread: +0.043% → 0.000%: $4.33
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$29.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Orderly: no order-book sample. 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 KuCoin live order book, 4 min ago	3.54 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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_USDCshort	+0.0025%	4h	2.5408	+0.043%	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+0.169%	$113	$52K	5.5x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5435	+0.150%	$3.2M	$2.6M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5411	+0.053%	$2.4M	$78K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5375	−0.086%	$18.2M	$34.7M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5358	−0.154%	$5.3M	$3.8M	50x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5379	−0.071%	$891K	$684K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5381	−0.063%	$14.0M	$2.8M	125x	as long as short
KuCoin CAKEUSDTMlong	+0.0100%	4h	2.5397	long leg	$2.5M	$5.5M	50x
Bitget CAKEUSDT	+0.0100%	4h	2.5399	+0.008%	$2.7M	$2.5M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CAKE-USDT	+0.0100%	4h	2.5377	−0.079%	—	$3.5M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5385	−0.046%	$532K	$443K	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5439	+0.165%	$11K	$697K	50x	as long as short
BloFin CAKE-USDT	+0.0159%	4h	2.5432	+0.138%	$999K	$359K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5409	+0.047%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0711%	1h	2.5421	+0.096%	$55K	$37K	10x	as long as short