Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.6% APRnext payment −$0.48 per $10,000 · paid last 24h −0.018%
Price spread now: Orderly against MEXC+0.072%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 0.072% dearer against MEXC than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CAKE_USDT | 2.4941 | 0.0100 | pay 0.0050% / 4h | 3h 25m | $13.3M | $2.8M | 125x |
| Short | Orderly PERP_CAKE_USDC | 2.4959 | 0.0004 | get 0.0002% / 4h | 3h 25m | $7K | $14K | 10x |
MEXC CAKE_USDT
Orderly PERP_CAKE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.25
- Price spread: +0.072% → 0.000%
- $7.22
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$23.03
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 0.20 bp | 6.4 bp −$6 | 38.6 bp −$386 | 103.1 bp −$10.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | −0.0363% | 4h | 2.4940 | −0.004% | $5.2M | $3.6M | 50x | as long as short |
| ApeX Omni CAKEUSDT | −0.0156% | 1h | 2.4987 | +0.184% | $10K | $679K | 50x | as long as short |
| Orderly PERP_CAKE_USDCshort | +0.0004% | 4h | 2.4959 | +0.072% | $7K | $14K | 10x | |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +2.001% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0056% | 4h | 2.4972 | +0.124% | $992K | $356K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4970 | +0.116% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4968 | +0.108% | $2.3M | $78K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4944 | +0.012% | $17.8M | $31.1M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4939 | −0.008% | $868K | $637K | 75x | as long as short |
| MEXC CAKE_USDTlong | +0.0100% | 4h | 2.4941 | long leg | $13.3M | $2.8M | 125x |
Bybit CAKEUSDT
ApeX Omni CAKEUSDT
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.4939 | −0.008% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4960 | +0.076% | $2.5M | $2.4M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4943 | +0.008% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.4950 | +0.038% | $511K | $472K | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0353% | 1h | 2.4978 | +0.147% | $52K | $38K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.4974 | +0.131% | $37K | — | 100x | as long as short |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]