data as of
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Price arb /

CAKE

all CAKE markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.238%
7d average+0.057%if it closes, per $10,000$24funding while held, a day+$0.00
Long on Variational OmniShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni CAKE2.56710.0100pay 0.0050% / 4h3h 16m$555K$503K—
ShortKuCoin CAKEUSDTM2.57320.0100get 0.0050% / 4h3h 16m$2.5M$6.1M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$23.8
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$11.8
Spread needed to break even
0.120%
Slippage unknown: Variational Omni: RFQ quote, 28 min ago; KuCoin: live order book, 7 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 28 min ago4.65 bpdoesn't fit77.7 bp −$777doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago3.50 bp39.6 bp −$40115.4 bp −$1,154doesn't fitdoesn't fit

CAKE price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.5600cheapestApeX Omni2.5632+0.125%
Variational Omni2.5671+0.277%
BloFin2.5697+0.379%Orderly2.5714+0.445%Gate2.5718+0.461%Bybit2.5721+0.473%MEXC2.5724+0.484%Binance2.5727+0.496%
KuCoin2.5732+0.516%
BingX2.5735+0.527%GMX2.5738+0.539%Aster2.5739+0.541%Bitget2.5751+0.590%Kraken Futures2.5752+0.592%Hyperliquid2.5760+0.625%

CAKE on 16 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective CAKE/USDC PERP−0.276%+0.0401%1h$114$505.5xas long as short
ApeX Omni CAKEUSDT−0.152%+0.0042%1h$11K$697K50xas long as short
Variational Omni CAKElong0.000%+0.0100%4h$555K$503K—
BloFin CAKE-USDT+0.102%+0.0045%4h$1.0M$384K75xas long as short
Orderly PERP_CAKE_USDC+0.168%+0.0054%4h$7K$15K10xas long as short
Gate CAKE_USDT+0.183%+0.0100%4h$867K$1.1M75xas long as short
Bybit CAKEUSDT+0.195%+0.0100%4h$5.3M$4.5M50xas long as short
MEXC CAKE_USDT+0.207%+0.0100%4h$12.9M$2.7M125xas long as short
Binance CAKEUSDT+0.219%+0.0100%4h$18.2M$42.2M75xas long as short
KuCoin CAKEUSDTMshort+0.238%+0.0100%4h$2.5M$6.1M50x
Show all 16 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX CAKE-USDT+0.250%+0.0100%4h—$3.3M—as long as short
GMX CAKE/USD [WBTC.b-USDC]+0.261%L +0.0425% / S −0.0272%1h$38K—100xas long as short
Aster CAKEUSDT+0.264%+0.0100%4h$2.4M$132K10xas long as short
Bitget CAKEUSDT+0.312%+0.0100%4h$2.9M$3.0M75xas long as short
Kraken Futures PF_CAKEUSD+0.314%+0.1558%1h$58K$54K10xas long as short
Hyperliquid CAKE+0.347%+0.0100%1h$3.1M$4.4M3xas long as short