CAKE funding rate on Variational
Over the last 30 days, CAKE funding on Variational averaged +7.4% APR and stayed positive 91.7% of the time, ranging from -81.3% 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 Variational at +23.7% net APR (medium risk, ~5.6d to break even).
CAKE funding history on Variationallast 30d
- Backtested (30d)
- -4.0%
- Stability
- 73.6%
- Risk
- medium
- Breakeven
- ~5.6d
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 | -33.77% |
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 2026-10-28 02:47 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 Variational, currently 23.7% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.