CAKE funding rate on Variational
Over the last 30 days, CAKE funding on Variational averaged -2.1% APR and stayed positive 63.8% of the time, ranging from -155.8% to +10.9%. Right now it pays longs pay shorts at +10.9% APR, settled every 4h across 6 venues we track. The most reliable delta-neutral pairing for CAKE right now is long Variational / short Kraken at +23.6% net APR (low risk, ~6d to break even).
CAKE funding history on Variationallast 30d
- Backtested (30d)
- -70.0%
- Stability
- 52.1%
- Risk
- low
- Breakeven
- ~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 |
|---|---|
| Kraken | +49.89% |
| Hyperliquid | +10.95% |
| dYdX | +10.95% |
| Variational | +10.95% |
| EdgeX | +10.95% |
| Aster | +10.18% |
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 2026-06-12 16:54 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 23.6% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.