Spread before costs (cost unknown: a leg has no order-book sample)−0.532%
7d average—if it closes, per $10,000$53funding while held, a day+$10.40
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_CAKE_USDC | 2.5737 | 0.0054 | pay 0.0027% / 4h | 3h 25m | $7K | $15K | 10x |
| Short | Injective CAKE/USDC PERP | 2.5600 | 0.0401 | get 0.0050% / 1h | 25m 03s | $114 | $50 | 5.5x |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$53.23
- Funding while held
- $10.4
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$48.85
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0347%
- Per $10,000 a day
- +$10.40
- Average in range /8h
- —
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 Injective no order-book sample | — | — | — | — | — |
Orderly and Injective: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5600cheapest
Bybit2.5700+0.391%Binance2.5707+0.418%BloFin2.5713+0.441%Gate2.5717+0.457%KuCoin2.5718+0.461%Bitget2.5720+0.469%BingX2.5720+0.469%Hyperliquid2.5721+0.473%MEXC2.5723+0.480%
Bybit
Binance
BloFin
Gate
KuCoin
Bitget
BingX
Hyperliquid
MEXCOrderly2.5737+0.535%
GMX2.5744+0.563%Aster2.5746+0.569%Variational Omni2.5775+0.685%ApeX Omni2.5788+0.734%Kraken Futures2.5854+0.992%
GMX
Aster
Variational Omni
ApeX Omni
Kraken FuturesCAKE on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective CAKE/USDC PERPshort | −0.532% | +0.0401% | 1h | $114 | $50 | 5.5x | |
| Bybit CAKEUSDT | −0.144% | +0.0100% | 4h | $5.4M | $4.5M | 50x | as long as short |
| Binance CAKEUSDT | −0.117% | +0.0100% | 4h | $18.2M | $42.3M | 75x | as long as short |
| BloFin CAKE-USDT | −0.093% | +0.0050% | 4h | $996K | $383K | 75x | as long as short |
| Gate CAKE_USDT | −0.078% | +0.0100% | 4h | $869K | $1.1M | 75x | as long as short |
| KuCoin CAKEUSDTM | −0.074% | +0.0100% | 4h | $2.5M | $6.1M | 50x | as long as short |
| Bitget CAKEUSDT | −0.066% | +0.0100% | 4h | $2.9M | $3.0M | 75x | as long as short |
| BingX CAKE-USDT | −0.066% | +0.0100% | 4h | — | $3.3M | — | as long as short |
| Hyperliquid CAKE | −0.062% | +0.0100% | 1h | $3.1M | $4.5M | 3x | as long as short |
| MEXC CAKE_USDT | −0.054% | +0.0100% | 4h | $12.9M | $2.6M | 125x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDClong | 0.000% | +0.0054% | 4h | $7K | $15K | 10x | |
| GMX CAKE/USD [WBTC.b-USDC] | +0.027% | L +0.0425% / S −0.0272% | 1h | $38K | — | 100x | as long as short |
| Aster CAKEUSDT | +0.034% | +0.0100% | 4h | $2.4M | $131K | 10x | as long as short |
| Variational Omni CAKE | +0.149% | +0.0100% | 4h | $557K | $503K | — | as long as short |
| ApeX Omni CAKEUSDT | +0.198% | +0.0052% | 1h | $12K | $696K | 50x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.454% | +0.1551% | 1h | $58K | $54K | 10x | as long as short |