CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0197%/8h= +21.5% APRnext payment +$0.98 per $10,000 · paid last 24h +0.023%

Price spread now: BloFin against Orderly0.000%52s7-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 BloFin

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 52 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	Orderly PERP_CAKE_USDC	2.5210	−0.0148	get 0.0074% / 4h	2h 57m	$7K	$13K	10x
Short	BloFin CAKE-USDT	2.5210	0.0049	get 0.0024% / 4h	2h 57m	$989K	$316K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $41.29
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $23.29
Costs to cover: 0.180%
Break-even: 3.1 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 14 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 BloFin live order book, 14 min ago	0.40 bp	12.2 bp −$12	18.5 bp −$185	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	−0.0971%	4h	2.5193	−0.067%	$5.4M	$3.1M	50x	as long as short
Variational Omni CAKE	−0.0648%	4h	2.5210	+0.001%	$521K	$408K	—	as long as short
Kraken Futures PF_CAKEUSD	−0.0531%	1h	2.5293	+0.328%	$53K	$45K	10x	as long as short
ApeX Omni CAKEUSDT	−0.0237%	1h	2.5226	+0.063%	$11K	$672K	50x	as long as short
Orderly PERP_CAKE_USDClong	−0.0148%	4h	2.5210	long leg	$7K	$13K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+0.912%	$113	$52K	5.5x	as long as short
Binance CAKEUSDT	+0.0044%	4h	2.5201	−0.036%	$17.6M	$26.8M	75x	as long as short
Aster CAKEUSDT	+0.0044%	4h	2.5229	+0.077%	$2.4M	$160K	10x	as long as short
MEXC CAKE_USDT	+0.0046%	4h	2.5196	−0.056%	$15.6M	$2.7M	125x	as long as short
BloFin CAKE-USDTshort	+0.0049%	4h	2.5210	0.000%	$989K	$316K	75x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CAKE	+0.0100%	1h	2.5223	+0.052%	$3.2M	$1.9M	3x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.5193	−0.067%	$899K	$508K	75x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5209	−0.004%	$2.5M	$5.1M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.5201	−0.036%	$2.6M	$2.0M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5185	−0.099%	—	$3.9M	—	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0381% / S −0.0214%	1h	2.5247	+0.145%	$37K	—	100x	as long as short