CAKE funding rate on Variational
Over the last 30 days, CAKE funding on Variational averaged +7.3% APR and stayed positive 91.1% of the time, ranging from -94.5% to +10.9%. Right now it pays longs pay shorts at +10.9% APR, settled every 4h across 5 venues we track. The most reliable delta-neutral pairing for CAKE right now is long Kraken / short Aster at +9.9% net APR (high risk, ~4.3d to break even).
CAKE funding history on Variationallast 30d
- Backtested (30d)
- +57.6%
- Stability
- 91.6%
- Risk
- high
- Breakeven
- ~4.3d
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% |
| Kraken | -12.52% |
Frequently asked
What is the current CAKE funding rate on Variational?
CAKE on Variational is funding at 10.95% APR (0.0050% every 4h), paid longs pay shorts, as of 2026-07-29 10:38 UTC.
How often does Variational pay funding on CAKE?
Every 4 hours.
How do I earn CAKE funding without price risk?
Open a delta-neutral position: long Kraken and short Aster, currently 9.9% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.