Spread before costs (cost unknown: a leg has no order-book sample)−0.223%
7d average—if it closes, per $10,000$22funding while held, a day+$1.33
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_CAKE_USDC | 2.5834 | 0.0056 | pay 0.0028% / 4h | 3h 27m | $7K | $15K | 10x |
| Short | Variational Omni CAKE | 2.5776 | 0.0100 | get 0.0050% / 4h | 3h 27m | $556K | $503K | — |
Orderly PERP_CAKE_USDC
Variational Omni CAKEPrice 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
- −$22.29
- Funding while held
- $1.33
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$26.96
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 17 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0044%
- Per $10,000 a day
- +$1.33
- 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 Variational Omni RFQ quote, 17 min ago | 4.65 bp | doesn't fit | 69.2 bp −$692 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5600cheapest
InjectiveVariational Omni2.5776+0.689%
MEXC2.5777+0.691%Binance2.5782+0.711%Bybit2.5790+0.742%BingX2.5796+0.766%ApeX Omni2.5797+0.770%KuCoin2.5800+0.781%Gate2.5802+0.789%BloFin2.5802+0.789%Bitget2.5808+0.812%Hyperliquid2.5815+0.840%
MEXC
Binance
Bybit
BingX
ApeX Omni
KuCoin
Gate
BloFin
Bitget
HyperliquidOrderly2.5834+0.914%
Aster2.5850+0.977%GMX2.5854+0.993%Kraken Futures2.5900+1.173%
Aster
GMX
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 PERP | −0.906% | +0.0401% | 1h | $114 | $50 | 5.5x | as long as short |
| Variational Omni CAKEshort | −0.223% | +0.0100% | 4h | $556K | $503K | — | |
| MEXC CAKE_USDT | −0.221% | +0.0100% | 4h | $13.0M | $2.6M | 125x | as long as short |
| Binance CAKEUSDT | −0.201% | +0.0100% | 4h | $18.3M | $42.4M | 75x | as long as short |
| Bybit CAKEUSDT | −0.170% | +0.0100% | 4h | $5.4M | $4.5M | 50x | as long as short |
| BingX CAKE-USDT | −0.147% | +0.0100% | 4h | — | $3.2M | — | as long as short |
| ApeX Omni CAKEUSDT | −0.143% | +0.0030% | 1h | $12K | $696K | 50x | as long as short |
| KuCoin CAKEUSDTM | −0.132% | +0.0100% | 4h | $2.5M | $6.1M | 50x | as long as short |
| Gate CAKE_USDT | −0.124% | +0.0100% | 4h | $873K | $1.1M | 75x | as long as short |
| BloFin CAKE-USDT | −0.124% | +0.0058% | 4h | $1.0M | $379K | 75x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | −0.101% | +0.0100% | 4h | $2.9M | $3.0M | 75x | as long as short |
| Hyperliquid CAKE | −0.074% | +0.0100% | 1h | $3.1M | $4.5M | 3x | as long as short |
| Orderly PERP_CAKE_USDClong | 0.000% | +0.0056% | 4h | $7K | $15K | 10x | |
| Aster CAKEUSDT | +0.062% | +0.0100% | 4h | $2.4M | $131K | 10x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | +0.078% | L +0.0426% / S −0.0272% | 1h | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.256% | +0.1549% | 1h | $58K | $54K | 10x | as long as short |