CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.016%

Price spread now: BloFin against Orderly+0.032%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 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.032% dearer against Orderly than usual: you sell high and buy low: +$3 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	2.4964	0.0004	pay 0.0002% / 4h	3h 27m	$7K	$14K	10x
Short	BloFin CAKE-USDT	2.4972	0.0056	get 0.0028% / 4h	3h 27m	$992K	$356K	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 +0.032%Rate

Funding earned: $10.91
Price spread: +0.032% → 0.000%: $3.2
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$3.89
Costs to cover: 0.180%
Break-even: 9.5 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 5 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, 5 min ago	1.20 bp	12.6 bp −$13	24.8 bp −$248	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	−0.0480%	4h	2.4951	−0.052%	$5.2M	$3.5M	50x	as long as short
ApeX Omni CAKEUSDT	−0.0141%	1h	2.5041	+0.308%	$11K	$680K	50x	as long as short
Orderly PERP_CAKE_USDClong	+0.0004%	4h	2.4964	long leg	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	+1.907%	$113	$52K	5.5x	as long as short
BloFin CAKE-USDTshort	+0.0056%	4h	2.4972	+0.032%	$992K	$356K	75x
Hyperliquid CAKE	+0.0100%	1h	2.4996	+0.128%	$3.1M	$2.5M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.4990	+0.104%	$2.3M	$78K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.4960	−0.014%	$17.8M	$31.3M	75x	as long as short
Gate CAKE_USDT	+0.0100%	4h	2.4967	+0.012%	$869K	$636K	75x	as long as short
MEXC CAKE_USDT	+0.0100%	4h	2.4960	−0.016%	$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	2.4961	−0.012%	$2.4M	$5.5M	50x	as long as short
Bitget CAKEUSDT	+0.0100%	4h	2.4995	+0.124%	$2.5M	$2.4M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.4981	+0.068%	—	$3.8M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5031	+0.267%	$513K	$475K	—	as long as short
Kraken Futures PF_CAKEUSD	+0.0353%	1h	2.4964	+0.001%	$52K	$38K	10x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0415% / S −0.0269%	1h	2.4978	+0.054%	$37K	—	100x	as long as short