ArbiLayer

CAKE arbitrage

live

Live PancakeSwap price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.12%Binance → Bybit · Perp–Perp
Best perp–perp spread+0.04%Binance → Bybit
Markets tracked159 venues · 9 perp · 6 spot · 0 DEX
Price range0.22%$2.23 – $2.23

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
No venue pairs for this coin in this mode right now.
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

CAKE price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · CAKEUSDTMPerpetual $2.23$2.23$2.23+0.00% +0.030%$15.84M
Gate logoGatePerpetual · CAKE_USDTPerpetual $2.23$2.23$2.23-0.08% +0.030%$3.05M
Bybit logoBybitPerpetual · CAKEUSDTPerpetual $2.23$2.23$2.230.00% +0.030%$2.77M
MEXC logoMEXCPerpetual · CAKE_USDTPerpetual $2.23$2.23$2.23-0.07% +0.014%$1.54M
Bitget logoBitgetPerpetual · CAKEUSDTPerpetual $2.23$2.23$2.23-0.01% +0.030%$1.12M
Hyperliquid logoHyperliquidPerpetual · CAKEPerpetual $2.23$2.23$2.23-0.01% +0.030%$758.1K
Bybit logoBybitSpot · CAKEUSDTSpot $2.23$2.23$2.23+0.09% —$509.1K
KuCoin logoKuCoinSpot · CAKE-USDTSpot $2.23$2.23$2.23+0.11% —$431.3K
Gate logoGateSpot · CAKE_USDTSpot $2.23$2.23$2.23+0.11% —$378.8K
Bitget logoBitgetSpot · CAKEUSDTSpot $2.23$2.23$2.23+0.09% —$270.4K
Variational logoVariationalPerpetual · CAKEPerpetual $2.23$2.23$2.23-0.11% +0.030%$155.2K
Binance logoBinancePerpetual · CAKEUSDTPerpetual $2.23$2.23$2.23-0.07% +0.014%—
Aster logoAsterPerpetual · CAKEUSDTPerpetual $2.23$2.23$2.23-0.04% +0.020%—
Binance logoBinanceSpot · CAKEUSDTSpot $2.23$2.23$2.23+0.04% ——
MEXC logoMEXCSpot · CAKEUSDTSpot $2.23$2.23$2.23+0.04% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

CAKE arbitrage explained

Right now PancakeSwap (CAKE) trades on 9 venues we scan: 9 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Binance perp at $2.23 and the highest bid on Gate spot at $2.23.

The widest CAKE perpetual spread is between Binance and Bybit: long CAKE on Binance at $2.23 and short on Bybit at $2.23 for +0.04% gross, or -0.12% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.016% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best CAKE route is to buy spot on Binance and short the perpetual on Bybit: -0.09% gross, -0.29% net, with +0.030% a day of funding on the short leg.

Spot–spot CAKE arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows +0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small CAKE gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: CAKE funding rates · CAKE spread charts · PancakeSwap price · arbitrage scanner for all coins.

Is there a CAKE arbitrage opportunity right now?

The best CAKE route right now is to buy on Binance → sell on Bybit (Perp–Perp): +0.04% gross and -0.12% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest CAKE?

Binance (perp) has the lowest CAKE ask at $2.23, and Gate (spot) the highest bid at $2.23. Prices update every 15 seconds on this page.

How many exchanges list CAKE?

ArbiLayer tracks 15 CAKE markets on 9 venues: 9 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage CAKE without transferring coins?

Use two perpetual contracts: go long CAKE on the cheaper exchange (Binance now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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