CAKE (CAKEUSDT) funding rates by exchange
The current funding rate for every CAKE perpetual we track, venue by venue, with 7-day and 30-day accumulated funding and the annualised rate. A positive rate means longs pay shorts.
- Exchanges
- 17
- Venue spread
- 0.012%
- Pays most
- KuCoin
- 24h volume
- $100.3M
Right now KuCoin pays +0.005% per settlement and WEEX pays -0.0074% — that gap is what a funding-arbitrage position captures.
Right now 8 of the 17 CAKE contracts carry a positive rate and the rest are negative. The sign itself differs by venue, which is the cleanest setup for a funding trade: collect on one leg instead of merely paying less on it.
Over the last 30 days the most CAKE funding accumulated on Kraken, at +8.02% — worth checking against the current rate, because the leader on accumulated funding is often not the leader today.
CAKE also trades as an inverse, coin-margined contract on Aster. Inverse funding is quoted against a USD-denominated contract and settles in CAKE itself, so it moves independently of the USDT-margined rate above.
Funding history for CAKE
Pick up to three venues below the chart, or click a row in the table. Drag to move through the history, scroll to zoom. Each dot is one settled day; above the dashed line the shorts are paid, below it the longs.
Click a column header to sort · use Columns to show or hide metrics
| Exchange | Contract | Current rate | APR | 7d sum | 30d sum | 30d trend | 24h volume |
|---|---|---|---|---|---|---|---|
 KuCoin |
CAKE-USDT | +0.005% | +7.1% | +0.21% | +0.54% | $4.7M | |
 Bybit |
CAKE-USDT | +0.005% | +7.2% | +0.09% | +0.17% | $3.5M | |
 Gate.io |
CAKE-USDT | +0.005% | +7.3% | +0.21% | +0.15% | $421K | |
 WhiteBIT |
CAKE-USDT | +0.005% | +7.2% | +0.00% | +0.58% | $4.7M | |
 Bitget |
CAKE-USDT | +0.005% | +7.1% | +0.21% | +0.57% | $1.2M | |
 Phemex |
CAKE-USDT | +0.005% | +7.1% | +0.13% | +0.13% | $1.3M | |
 BingX |
CAKE-USDT | +0.005% | +7.3% | +0.12% | +0.14% | $3.3M | |
 Hyperliquid |
CAKE-USDT | +0.0013% | +7.7% | +0.43% | +1.07% | $1.9M | |
 Aster |
CAKE-USDT | -0.0043% | -13.2% | +0.20% | +0.73% | $71K | |
 Kraken |
CAKE-USDT | -0.0043% | -41.7% | +3.70% | +8.02% | $143K | |
 BloFin |
CAKE-USDT | -0.0057% | -16.3% | +0.21% | +1.05% | $365K | |
 Toobit |
CAKE-USDT | -0.0073% | -19.8% | +0.20% | +0.66% | $3.3M | |
 XT.com |
CAKE-USDT | -0.0073% | -19.8% | -0.06% | -0.46% | $910K | |
 Binance |
CAKE-USDT | -0.0073% | -19.6% | +0.19% | +0.65% | $24.3M | |
 LBank |
CAKE-USDT | -0.0073% | -19.8% | +0.19% | +0.55% | $44M | |
 MEXC |
CAKE-USDT | -0.0074% | -19.1% | +0.19% | +0.65% | $2.9M | |
 WEEX |
CAKE-USDT | -0.0074% | -20.1% | +0.19% | +0.65% | $3.3M |
Rates come straight from exchange data and change at every settlement; APR annualises the current rate at the contract's own funding interval. Market data, not investment advice.
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XTIFrequently asked questions
What is the CAKE funding rate right now?
CAKE funding currently ranges from +0.005% on KuCoin down to -0.0074% on WEEX per settlement — the table above lists every venue. A positive rate means long positions pay short positions at the next settlement; a negative rate means the reverse.
Which exchange pays the highest CAKE funding?
At the moment KuCoin shows the highest CAKE funding rate. This changes at every settlement, so trust the live ranking above rather than any fixed answer.
How do you trade the CAKE funding difference?
You hold offsetting positions on two venues — long where funding is negative, short where it is positive — so price exposure cancels out and you collect the difference at each settlement. On CAKE that difference is currently 0.012% per settlement, before the trading fees on both legs.
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