CAKE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.010%

Price spread now: Gate against Orderly−0.008%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Gate

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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_CAKE_USDC	2.5563	0.0026	pay 0.0013% / 4h	52m 25s	$7K	$14K	10x
Short	Gate CAKE_USDT	2.5561	0.0100	get 0.0050% / 4h	52m 25s	$894K	$751K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.008%Rate

Funding earned: $15.46
Price spread: −0.008% → 0.000%: −$0.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$6.32
Costs to cover: 0.210%
Break-even: 9.9 days

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 24 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 Gate live order book, 24 min ago	3.15 bp	36.7 bp −$37	83.1 bp −$831	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	+0.0026%	4h	2.5563	long leg	$7K	$14K	10x
Injective CAKE/USDC PERP	+0.0033%	1h	2.5440	−0.481%	$113	$52K	5.5x	as long as short
ApeX Omni CAKEUSDT	+0.0048%	1h	2.5572	+0.035%	$13K	$699K	50x	as long as short
Hyperliquid CAKE	+0.0100%	1h	2.5604	+0.160%	$3.2M	$2.7M	3x	as long as short
Aster CAKEUSDT	+0.0100%	4h	2.5576	+0.051%	$2.4M	$80K	10x	as long as short
Binance CAKEUSDT	+0.0100%	4h	2.5565	+0.006%	$18.3M	$36.4M	75x	as long as short
Bybit CAKEUSDT	+0.0100%	4h	2.5559	−0.016%	$5.3M	$3.9M	50x	as long as short
Gate CAKE_USDTshort	+0.0100%	4h	2.5561	−0.008%	$894K	$751K	75x
MEXC CAKE_USDT	+0.0100%	4h	2.5565	+0.008%	$14.1M	$2.7M	125x	as long as short
KuCoin CAKEUSDTM	+0.0100%	4h	2.5579	+0.063%	$2.5M	$5.7M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAKEUSDT	+0.0100%	4h	2.5589	+0.102%	$2.7M	$2.7M	75x	as long as short
BingX CAKE-USDT	+0.0100%	4h	2.5564	+0.004%	—	$3.6M	—	as long as short
Variational Omni CAKE	+0.0100%	4h	2.5562	−0.006%	$536K	$480K	—	as long as short
BloFin CAKE-USDT	+0.0107%	4h	2.5561	−0.008%	$998K	$364K	75x	as long as short
GMX CAKE/USD [WBTC.b-USDC]	L +0.0421% / S −0.0272%	1h	2.5578	+0.059%	$38K	—	100x	as long as short
Kraken Futures PF_CAKEUSD	+0.0750%	1h	2.5595	+0.126%	$57K	$37K	10x	as long as short