ArbiLayer

CAKE arbitrage

live

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

Best net spread-0.06%Gate → Bitget · Perp–Perp
Best perp–perp spread+0.10%Gate → Bitget
Markets tracked159 venues · 9 perp · 6 spot · 0 DEX
Price range0.19%$2.30 – $2.31

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
KuCoin logoKuCoinspot$2.31Bitget logoBitget$2.31 +0.02%-0.18% +0.03%— +0.030%— LS Chart →
Binance logoBinancespot$2.31Bitget logoBitget$2.31 -0.02%-0.22% -0.02%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$2.31Bybit logoBybit$2.31 -0.04%-0.24% -0.04%— +0.030%+0.14% LS Chart →
KuCoin logoKuCoinspot$2.31KuCoin logoKuCoin$2.30 -0.05%-0.25% -0.04%— +0.028%+0.28% LS Chart →
KuCoin logoKuCoinspot$2.31Variational logoVariational$2.30 -0.05%-0.25% -0.05%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$2.31Aster logoAster$2.30 -0.06%-0.26% -0.05%— +0.023%+0.68% LS Chart →
Bybit logoBybitspot$2.31Bitget logoBitget$2.31 -0.06%-0.26% -0.06%— +0.030%— LS Chart →
MEXC logoMEXCspot$2.31Bitget logoBitget$2.31 -0.06%-0.26% -0.06%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$2.31MEXC logoMEXC$2.30 -0.07%-0.27% -0.06%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$2.31Binance logoBinance$2.30 -0.07%-0.27% -0.07%— +0.030%— LS Chart →
Gate logoGatespot$2.31Bitget logoBitget$2.31 -0.09%-0.29% -0.08%— +0.030%— LS Chart →
Binance logoBinancespot$2.31Bybit logoBybit$2.31 -0.09%-0.29% -0.08%— +0.030%+0.14% LS Chart →
KuCoin logoKuCoinspot$2.31Gate logoGate$2.30 -0.09%-0.29% -0.08%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$2.31Hyperliquid logoHyperliquid$2.30 -0.09%-0.29% -0.09%— +0.030%— LS Chart →
Binance logoBinancespot$2.31KuCoin logoKuCoin$2.30 -0.09%-0.29% -0.09%— +0.028%+0.28% LS Chart →
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 $2.30$2.31$2.31-0.01% +0.028%$12.44M
Bybit logoBybitPerpetual · CAKEUSDTPerpetual $2.31$2.31$2.310.00% +0.030%$1.91M
Gate logoGatePerpetual · CAKE_USDTPerpetual $2.30$2.30$2.30-0.06% +0.030%$1.38M
MEXC logoMEXCPerpetual · CAKE_USDTPerpetual $2.30$2.30$2.30-0.05% +0.030%$1.35M
Bitget logoBitgetPerpetual · CAKEUSDTPerpetual $2.31$2.31$2.31+0.05% +0.030%$823.9K
Hyperliquid logoHyperliquidPerpetual · CAKEPerpetual $2.30$2.31$2.31-0.01% +0.030%$572.3K
Bybit logoBybitSpot · CAKEUSDTSpot $2.31$2.31$2.31+0.09% —$352.9K
KuCoin logoKuCoinSpot · CAKE-USDTSpot $2.31$2.31$2.310.00% —$346.2K
Bitget logoBitgetSpot · CAKEUSDTSpot $2.31$2.31$2.31+0.13% —$164.9K
Gate logoGateSpot · CAKE_USDTSpot $2.31$2.31$2.31+0.11% —$152.6K
Variational logoVariationalPerpetual · CAKEPerpetual $2.30$2.31$2.31+0.05% +0.030%$116.4K
Binance logoBinancePerpetual · CAKEUSDTPerpetual $2.30$2.30$2.30-0.05% +0.030%—
Aster logoAsterPerpetual · CAKEUSDTPerpetual $2.30$2.31$2.31-0.01% +0.023%—
Binance logoBinanceSpot · CAKEUSDTSpot $2.31$2.31$2.31+0.04% ——
MEXC logoMEXCSpot · CAKEUSDTSpot $2.31$2.31$2.31+0.09% ——
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 Gate perp at $2.30 and the highest bid on Bitget spot at $2.31.

The widest CAKE perpetual spread is between Gate and Bitget: long CAKE on Gate at $2.30 and short on Bitget at $2.31 for +0.10% gross, or -0.06% 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 0.000% 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 KuCoin and short the perpetual on Bitget: +0.02% gross, -0.18% net, with +0.030% a day of funding on the short leg.

Spot–spot CAKE arbitrage (buy on KuCoin, withdraw, deposit and sell on Bitget) shows +0.09% 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 Gate → sell on Bitget (Perp–Perp): +0.10% gross and -0.06% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest CAKE?

Gate (perp) has the lowest CAKE ask at $2.30, and Bitget (spot) the highest bid at $2.31. 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 (Gate now) and short it on the more expensive one (Bitget), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

CRO +18.00%BLAST +17.88%UPC +7.25%BDX +7.00%ONE +6.78%ESPORTS +6.14%OPENAI +5.10%AI +4.41%CATE +3.98%SPCX +3.70%ANTHROPIC +3.56%EGLD +3.39%ZIL +3.07%OURA +2.99%FLYBRAIN +2.55%PENGSTOCK +2.51%APPSTOCK +2.30%ELIZAOS +2.19%