CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0207%/8h= +22.7% APRnext payment +$1.04 per $10,000 · paid last 24h +0.018%

Price spread now: Aster against Orderly+0.061%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.061% dearer against Orderly than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_CAKE_USDC	2.5000	−0.0107	get 0.0054% / 4h	40m 42s	$7K	$14K	10x
Short	Aster CAKEUSDT	2.5015	0.0100	get 0.0050% / 4h	40m 42s	$2.4M	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now +0.061%Rate

Funding earned: $43.53
Price spread: +0.061% → 0.000%: $6.13
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $35.66
Costs to cover: 0.140%
Break-even: 1.3 days

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 3 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	5.20 bp	18.4 bp −$18	1651.5 bp −$16.5K	doesn't fit	doesn't fit

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_USDClong	−0.0107%	4h	2.5000	long leg	$7K	$14K	10x
Bybit CAKEUSDT	−0.0084%	4h	2.4990	−0.040%	$5.2M	$3.3M	50x	as long as short
KuCoin CAKEUSDTM	+0.0016%	4h	2.5010	+0.040%	$2.4M	$5.2M	50x	as long as short
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.760%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0075%	4h	2.5001	+0.004%	$990K	$311K	75x	as long as short
Variational Omni CAKE	+0.0100%	4h	2.4980	−0.079%	$511K	$410K	—	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5013	+0.052%	$3.1M	$1.8M	3x	as long as short
Aster CAKEUSDTshort	+0.0100%	4h	2.5015	+0.061%	$2.4M	$76K	10x
Binance CAKEUSDT	+0.0100%	4h	2.4990	−0.042%	$17.7M	$28.8M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4989	−0.044%	$880K	$563K	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CAKE_USDT	+0.0100%	4h	2.4990	−0.040%	$13.3M	$2.5M	125x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5015	+0.060%	$2.5M	$2.1M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5002	+0.008%	—	$3.8M	—	as long as short
ApeX Omni CAKEUSDT	+0.0100%	1h	2.5007	+0.028%	$11K	$674K	50x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0416% / S −0.0269%	1h	2.5008	+0.032%	$37K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0634%	1h	2.5029	+0.118%	$51K	$33K	10x	as long as short