CAKE funding rate on Kraken

Funding APR
-45.58%
-0.0052% / 1h
Interval
1h
next 02:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
5
listing this pair

Over the last 30 days, CAKE funding on Kraken averaged +42.7% APR and stayed positive 28.3% of the time, ranging from -498.0% to +4415.4%. Right now it pays shorts pay longs at -45.6% APR, settled every 1h across 5 venues we track. The most reliable delta-neutral pairing for CAKE right now is long TxFlow / short Hyperliquid at +28.3% net APR (low risk, ~1.9d to break even).

as of 2026-09-12 01:21 UTC

CAKE funding history on Krakenlast 30d

30d average
+42.68%
Range
-498% / 4415%
% positive
28.3%
Volatility
513.3
Best delta-neutral pairing
Long Kraken / Short Variational
+36.1% net APR
Backtested (30d)
-55.4%
Stability
73.2%
Risk
high
Breakeven
~1.4d

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

ExchangeFunding APR
Hyperliquid+10.95%
Variational+10.95%
Aster+10.95%
TxFlow-30.10%
Kraken-45.58%

Frequently asked

What is the current CAKE funding rate on Kraken?

CAKE on Kraken is funding at -45.58% APR (-0.0052% every 1h), paid shorts pay longs, as of 2026-09-12 01:21 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 36.1% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy