CAKE funding rate on Variational

Funding APR
+10.95%
0.0050% / 4h
Interval
4h
next 16:00 UTC
Direction
Longs pay
longs pay shorts
Venues tracked
5
listing this pair

Over the last 30 days, CAKE funding on Variational averaged +7.7% APR and stayed positive 90.2% of the time, ranging from -86.4% 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 TxFlow / short Kraken at +131.2% net APR (high risk, ~0.9d to break even).

as of 2026-09-12 12:30 UTC

CAKE funding history on Variationallast 30d

30d average
+7.66%
Range
-86% / 11%
% positive
90.2%
Volatility
10.7
Best delta-neutral pairing
Long Variational / Short Kraken
+77.4% net APR
Backtested (30d)
+16.8%
Stability
29.2%
Risk
high
Breakeven
~1.5d

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
Kraken+110.19%
Hyperliquid+10.95%
Variational+10.95%
Aster+10.95%
TxFlow-44.44%

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 2026-09-12 12:30 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 Variational and short Kraken, currently 77.4% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy