Spread before costs (cost unknown: a leg has no order-book sample)+0.738%
7d average—if it closes, per $10,000$74funding while held, a day+$5.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CAKE_USDT | 2.5946 | 0.0100 | pay 0.0050% / 4h | 2m 31s | $13.2M | $2.7M | 125x |
| Short | GMX CAKE/USD [WBTC.b-USDC] | 2.6137 | L +0.0429% / S −0.0272% | get 0.0034% / 1h | 2m 31s | $39K | — | 100x |
MEXC CAKE_USDT
GMX CAKE/USD [WBTC.b-USDC]Price 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
- $73.8
- Funding while held
- $5.17
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $62.97
- Spread needed to break even
- 0.160%
Slippage unknown: MEXC: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0172%
- Per $10,000 a day
- +$5.17
- 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 MEXC live order book, 2 min ago | 0.96 bp | 4.7 bp −$5 | 26.6 bp −$266 | 114.9 bp −$11.5K | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Injective2.5600cheapestBinance2.5926+1.273%Gate2.5926+1.273%Bybit2.5929+1.285%BingX2.5940+1.328%
Injective
Binance
Gate
Bybit
BingXMEXC2.5946+1.352%
KuCoin2.6005+1.582%Bitget2.6015+1.621%Aster2.6026+1.666%Hyperliquid2.6053+1.770%
KuCoin
Bitget
Aster
HyperliquidGMX2.6137+2.100%
Orderly2.6140+2.109%Variational Omni2.6179+2.261%BloFin2.6183+2.277%ApeX Omni2.6220+2.422%Kraken Futures2.6243+2.510%
Orderly
Variational Omni
BloFin
ApeX Omni
Kraken FuturesCAKE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective CAKE/USDC PERP | −1.334% | +0.0033% | 1h | $114 | $50 | 5.5x | as long as short |
| Binance CAKEUSDT | −0.077% | +0.0100% | 4h | $18.8M | $41.7M | 75x | as long as short |
| Gate CAKE_USDT | −0.077% | +0.0100% | 4h | $874K | $1.1M | 75x | as long as short |
| Bybit CAKEUSDT | −0.066% | +0.0100% | 4h | $5.5M | $4.5M | 50x | as long as short |
| BingX CAKE-USDT | −0.023% | +0.0100% | 4h | — | $3.2M | — | as long as short |
| MEXC CAKE_USDTlong | 0.000% | +0.0100% | 4h | $13.2M | $2.7M | 125x | |
| KuCoin CAKEUSDTM | +0.227% | +0.0100% | 4h | $2.5M | $6.2M | 50x | as long as short |
| Bitget CAKEUSDT | +0.266% | +0.0100% | 4h | $2.9M | $3.0M | 75x | as long as short |
| Aster CAKEUSDT | +0.310% | +0.0100% | 4h | $2.5M | $129K | 10x | as long as short |
| Hyperliquid CAKE | +0.412% | +0.0100% | 1h | $3.2M | $4.4M | 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]short | +0.738% | L +0.0429% / S −0.0272% | 1h | $39K | — | 100x | |
| Orderly PERP_CAKE_USDC | +0.748% | +0.0062% | 4h | $17K | $2K | 10x | as long as short |
| Variational Omni CAKE | +0.897% | +0.0100% | 4h | $566K | $502K | — | as long as short |
| BloFin CAKE-USDT | +0.913% | +0.0106% | 4h | $1.0M | $422K | 75x | as long as short |
| ApeX Omni CAKEUSDT | +1.056% | +0.0100% | 1h | $16K | $696K | 50x | as long as short |
| Kraken Futures PF_CAKEUSD | +1.143% | −0.0124% | 1h | $58K | $55K | 10x | as long as short |