CAKE funding rates
CAKE perpetual funding is currently quoted across 6 venues, ranging from -10.4% to +37.3% APR. The most reliable delta-neutral pairing for CAKE right now is long Variational / short Aster at +4.4% net APR (low risk, ~4.4d to break even).
as of 2026-06-12 10:47 UTC
Best delta-neutral pairing
Long Variational / Short Aster
+4.4% net APR
- Backtested (30d)
- +2.5%
- Stability
- 59.5%
- Risk
- low
- Breakeven
- ~4.4d
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 |
|---|---|
| Kraken | +37.29% |
| Hyperliquid | +10.95% |
| dYdX | +10.95% |
| EdgeX | +10.95% |
| Aster | +3.57% |
| Variational | -10.40% |
Frequently asked
What is the CAKE funding rate right now?
CAKE perpetual funding ranges from -10.40% to 37.29% APR across 6 exchanges we track; the widest delta-neutral spread is long Variational / short Aster at 4.4% net APR.
Which exchange has the highest CAKE funding rate?
Kraken currently has the highest at 37.29% APR. See the full ranking above.