Open interest in CAKE — how much money sits in open futures positions on CAKE and how it flows between exchanges. OI rising together with price means inflow; rising against price is a risk of reversal. The data ticks in real time across every exchange.

About PancakeSwap

PancakeSwap is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain. It is fast, cheap, and allows anyone to participate.

Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Yield Farming

Open interest in CAKE — $19.6M

Binance — $9.3M (47%)
Bybit — $2.8M (14%)
BingX — $2.6M (13%)
KuCoin — $2.2M (11%)
HyperLiquid — $1.4M (7%)
Bitget — $1.3M (6%)

CAKE arbitrage right now

Binance ↔ BingX — 1.20%
Astar DEX ↔ BingX — 1.19%
BingX ↔ MEXC — 1.07%
Kraken ↔ KuCoin — 0.91%

About CAKE open interest

What does open interest in CAKE show?

The total of all open futures contracts on CAKE. Rising — new money is entering the market; falling — positions are being closed. A sharp jump often precedes a strong move or a squeeze.

Why watch CAKE OI?

OI diverging from price signals a possible reversal; overheating (too much leverage) raises the risk of cascading liquidations. OI migrating between exchanges shows where the interest is concentrating.

How do I get CAKE OI alerts?

Add an Open Interest condition in the the builder with the mode you want (inflow / overheating / divergence) and a threshold — the notification arrives as a Telegram direct message.