Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.6% APRnext payment +$0.48 per $10,000 · paid last 24h +0.018%
Price spread now: MEXC against Orderly−0.012%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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: +$3 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 | 2.4959 | 0.0004 | pay 0.0002% / 4h | 3h 25m | $7K | $14K | 10x |
| Short | MEXC CAKE_USDT | 2.4956 | 0.0100 | get 0.0050% / 4h | 3h 25m | $13.3M | $2.8M | 125x |
Orderly PERP_CAKE_USDC
MEXC CAKE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.25
- Price spread: −0.012% → 0.000%
- −$1.2
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $9.05
- Costs to cover
- 0.100%
- Break-even
- 3.9 days
Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 0.20 bp | 5.0 bp −$5 | 33.6 bp −$336 | 102.7 bp −$10.3K | 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 | −0.0363% | 4h | 2.4943 | −0.064% | $5.2M | $3.5M | 50x | as long as short |
| ApeX Omni CAKEUSDT | −0.0141% | 1h | 2.5041 | +0.329% | $11K | $680K | 50x | as long as short |
| Orderly PERP_CAKE_USDClong | +0.0004% | 4h | 2.4959 | long leg | $7K | $14K | 10x | |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +1.927% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0056% | 4h | 2.4972 | +0.052% | $992K | $356K | 75x | as long as short |
| Hyperliquid CAKE | +0.0100% | 1h | 2.4984 | +0.100% | $3.1M | $2.5M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4975 | +0.066% | $2.3M | $78K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.4958 | −0.004% | $17.8M | $31.2M | 75x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.4939 | −0.080% | $868K | $637K | 75x | as long as short |
| MEXC CAKE_USDTshort | +0.0100% | 4h | 2.4956 | −0.012% | $13.3M | $2.8M | 125x |
Bybit CAKEUSDT
ApeX Omni CAKEUSDT
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Hyperliquid CAKE
Aster CAKEUSDT
Binance CAKEUSDT
Gate CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.4951 | −0.032% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4968 | +0.036% | $2.5M | $2.4M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4948 | −0.044% | — | $3.8M | — | as long as short |
| Variational Omni CAKE | +0.0100% | 4h | 2.4950 | −0.035% | $511K | $472K | — | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0353% | 1h | 2.4978 | +0.075% | $52K | $38K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0415% / S −0.0269% | 1h | 2.4974 | +0.059% | $37K | — | 100x | as long as short |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
Variational Omni CAKE
Kraken Futures PF_CAKEUSD
GMX CAKE/USD [WBTC.b-USDC]