CAKE funding rate on Hyperliquid
Over the last 30 days, CAKE funding on Hyperliquid averaged +7.1% APR and stayed positive 90.1% of the time, ranging from -92.2% to +15.4%. Right now it pays longs pay shorts at +10.9% APR, settled every 8h across 6 venues we track. The most reliable delta-neutral pairing for CAKE right now is long Kraken / short Aster at +7.7% net APR (high risk, ~5.5d to break even).
CAKE funding history on Hyperliquidlast 30d
- Backtested (30d)
- +31.8%
- Stability
- 92.2%
- Risk
- high
- Breakeven
- ~3.9d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How CAKE funding compares across venues
| Exchange | Funding APR |
|---|---|
| Hyperliquid | +10.95% |
| dYdX | +10.95% |
| Variational | +10.95% |
| Aster | +10.95% |
| EdgeX | +0.00% |
| Kraken | -12.57% |
Frequently asked
What is the current CAKE funding rate on Hyperliquid?
CAKE on Hyperliquid is funding at 10.95% APR (0.0013% every 8h), paid longs pay shorts, as of 2026-07-29 10:02 UTC.
How often does Hyperliquid pay funding on CAKE?
Every 8 hours.
How do I earn CAKE funding without price risk?
Open a delta-neutral position: long Kraken and short Hyperliquid, currently 4.2% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.