CAKE funding rate on Kraken
Over the last 30 days, CAKE funding on Kraken averaged -7.4% APR and stayed positive 28.8% of the time, ranging from -347.9% to +4418.4%. Right now it pays shorts pay longs at -20.1% APR, settled every 1h across 5 venues we track. The most reliable delta-neutral pairing for CAKE right now is long Kraken / short Variational at +10.1% net APR (medium risk, ~3.1d to break even).
CAKE funding history on Krakenlast 30d
- Backtested (30d)
- -8.9%
- Stability
- 73.6%
- Risk
- medium
- Breakeven
- ~3.1d
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% |
| Variational | +10.95% |
| Aster | +10.95% |
| TxFlow | +10.95% |
| Kraken | -20.14% |
Frequently asked
What is the current CAKE funding rate on Kraken?
CAKE on Kraken is funding at -20.14% APR (-0.0023% every 1h), paid shorts pay longs, as of 2026-10-28 01:47 UTC.
How often does Kraken pay funding on CAKE?
Every 1 hour.
How do I earn CAKE funding without price risk?
Open a delta-neutral position: long Kraken and short Variational, currently 10.1% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.