CAKE funding rates
CAKE perpetual funding is currently quoted across 5 venues, ranging from -12.5% to +10.9% APR. The most reliable delta-neutral pairing for CAKE right now is long Kraken / short Aster at +9.9% net APR (high risk, ~4.3d to break even).
as of 2026-07-29 10:36 UTC
Best delta-neutral pairing
Long Kraken / Short Aster
+9.9% net APR
- Backtested (30d)
- +57.6%
- Stability
- 91.6%
- Risk
- high
- Breakeven
- ~4.3d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeCAKE funding by exchange
| Exchange | Funding APR |
|---|---|
| Hyperliquid | +10.95% |
| dYdX | +10.95% |
| Variational | +10.95% |
| Aster | +10.95% |
| Kraken | -12.52% |
Frequently asked
What is the CAKE funding rate right now?
CAKE perpetual funding ranges from -12.52% to 10.95% APR across 5 exchanges we track; the widest delta-neutral spread is long Kraken / short Aster at 9.9% net APR.
Which exchange has the highest CAKE funding rate?
Hyperliquid currently has the highest at 10.95% APR. See the full ranking above.