CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.42 per $10,000 · paid last 24h +0.015%

Price spread now: Bitget against Orderly+0.124%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 Bitget

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.124% dearer against Orderly than usual: you sell high and buy low: +$12 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	2.5008	0.0016	pay 0.0008% / 4h	3h 57m	$7K	$14K	10x
Short	Bitget CAKEUSDT	2.5039	0.0100	get 0.0050% / 4h	3h 57m	$2.5M	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.124%Rate

Funding earned: $17.71
Price spread: +0.124% → 0.000%: $12.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $12.1
Costs to cover: 0.180%
Break-even: 2.2 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	2.00 bp	21.5 bp −$21	70.9 bp −$709	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
Bybit CAKEUSDT	−0.0312%	4h	2.5000	−0.032%	$5.2M	$3.6M	50x	as long as short
ApeX Omni CAKEUSDT	+0.0006%	1h	2.4983	−0.100%	$10K	$679K	50x	as long as short
Orderly PERP_CAKE_USDClong	+0.0016%	4h	2.5008	long leg	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.727%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDT	+0.0071%	4h	2.5028	+0.080%	$997K	$356K	75x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5036	+0.112%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5031	+0.093%	$2.4M	$79K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5022	+0.056%	$17.9M	$31.3M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5000	−0.032%	$872K	$635K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.5005	−0.012%	$13.3M	$2.8M	125x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAKEUSDTM	+0.0100%	4h	2.5006	−0.008%	$2.4M	$5.4M	50x	as long as short
Bitget CAKEUSDTshort	+0.0100%	4h	2.5039	+0.124%	$2.5M	$2.4M	75x
BingX CAKE-USDT	+0.0100%	4h	2.5022	+0.056%	—	$3.8M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5011	+0.010%	$513K	$475K	—	as long as short
Kraken Futures PF_CAKEUSD	+0.0352%	1h	2.5045	+0.147%	$52K	$38K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0415% / S −0.0269%	1h	2.5017	+0.035%	$37K	—	100x	as long as short