These terms govern your use of Arbiter, a self-custody cryptocurrency wallet published by Cake Labs. By installing or using Arbiter you agree to them. If you do not agree, do not use the app.
1. What Arbiter is
Arbiter is a non-custodial wallet for the Arbitrum network with trading on Hyperliquid built in. Keys are generated on your device and stored on your device. We never hold, control or have access to your funds, your seed phrase or your private keys.
We cannot recover your wallet. If you lose your seed phrase and lose access to your device, your funds are gone permanently. No one at Cake Labs can restore them, reverse a transaction, or freeze an address.
2. Fees
Arbiter charges a builder fee of 0.03% of order value on each trade you place through the app. The fee is collected by Hyperliquid at the protocol level and paid to Arbiter. It is charged in addition to Hyperliquid's own trading fees, which we do not receive.
Before your first trade, the app signs a one-time authorisation permitting this fee, as Hyperliquid requires. The current rate is always stated in the latest version of these terms.
Other charges you may encounter, none of which are ours:
- Network fees. Arbitrum gas, paid to the network, for on-chain transactions such as deposits.
- Exchange spreads and fees. Swaps route through third-party providers, whose quotes include their own margin. Arbiter may receive a share of that margin, which is reflected in the quote you are shown before you confirm.
- On-ramp fees. Card and bank purchases are processed by third-party providers on their own terms and pricing.
We may change our fees. Changes take effect for trades placed after the updated rate appears in the app.
3. Trading risk
Perpetual futures are high risk. Leverage magnifies losses as well as gains. You can lose your entire margin, and positions can be liquidated automatically when the market moves against you. Only trade with funds you can afford to lose entirely.
Markets can move faster than orders execute. Stop-losses are not guaranteed to fill at the trigger price, and in fast markets may fill materially worse. Network congestion, exchange downtime or connectivity loss may prevent an order being placed, modified or cancelled at all.
4. No advice
Arbiter provides software. It does not provide investment, financial, legal or tax advice, and nothing in the app or on this site is a recommendation to buy, sell or hold anything. Prices, charts, funding rates and any other market data are provided for information only, come from third parties, and may be delayed or wrong. Decisions you make are your own.
5. Third-party services
Arbiter connects to services we do not operate and cannot control:
- Hyperliquid — the exchange your orders are placed on and your trading balance is held with. Deposits leave your wallet and become subject to Hyperliquid's own terms and risks.
- Exchange providers for swaps, each with their own terms, limits and refund policies.
- On-ramp providers for card and bank purchases, who perform their own identity checks and may decline or reverse a transaction.
- Public Arbitrum nodes for reading balances and broadcasting transactions.
We are not responsible for the availability, accuracy, pricing or conduct of these services, nor for losses arising from their failure.
6. Eligibility and your responsibilities
You must be of legal age in your jurisdiction and legally permitted to use a self-custody wallet and trade derivatives where you live. It is your responsibility to determine that, and to meet any tax obligations arising from your activity. Do not use Arbiter if doing so would breach the law that applies to you, or where you are subject to sanctions.
You are responsible for keeping your seed phrase, PIN and device secure, for the accuracy of every address and amount you enter, and for the consequences of transactions you sign. Blockchain transactions cannot be reversed.
7. Availability
We may change, suspend or discontinue any part of Arbiter at any time. Because the wallet is self-custody, your funds remain yours and recoverable with your seed phrase in any compatible wallet, regardless of what happens to the app or to us.
8. Warranties and liability
Arbiter is provided "as is" and "as available", without warranty of any kind, to the fullest extent permitted by law. To that same extent, Cake Labs is not liable for lost profits, lost funds, missed or failed trades, liquidations, or any indirect or consequential loss arising from your use of the app or of the third-party services it connects to.
Nothing in these terms excludes liability that cannot lawfully be excluded.
9. Changes
We may update these terms. Material changes will be reflected in the "last updated" date above, and continued use of the app after that constitutes acceptance.
10. Contact
Questions about these terms: info@cakewallet.com. Support for the underlying wallet is provided through Cake Wallet's channels.