CAKE funding rates
CAKE perpetual funding is currently quoted across 5 venues, ranging from -25.7% to +251.7% APR. The most reliable delta-neutral pairing for CAKE right now is long TxFlow / short Kraken at +242.0% net APR (high risk, ~1.1d to break even).
as of 2026-09-12 03:26 UTC
Best delta-neutral pairing
Long TxFlow / Short Kraken
+242.0% net APR
- Backtested (30d)
- +11.4%
- Stability
- 37.1%
- Risk
- high
- Breakeven
- ~1.1d
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 | +251.70% |
| Hyperliquid | +10.95% |
| Variational | +10.95% |
| Aster | +10.95% |
| TxFlow | -25.71% |
Frequently asked
What is the CAKE funding rate right now?
CAKE perpetual funding ranges from -25.71% to 251.70% APR across 5 exchanges we track; the widest delta-neutral spread is long TxFlow / short Kraken at 242.0% net APR.
Which exchange has the highest CAKE funding rate?
Kraken currently has the highest at 251.70% APR. See the full ranking above.